Insurance companies undertake a detailed
underwriting process. To obtain the most favorable rates,
below are some factors that they consider:
Buildings with masonry-type construction and
with sprinkler systems generally benefit with the most
favorable rates. The loss claim history of your association
is also a critical factor in rate determination. Insurance
carriers generally have a three to five year "look back" in
order to determine your rate. Associations with few claims
will benefit with the most favorable rates. Associations with
a history of water damage type claims bay be decline by many
carriers. We can evaluate what programs your association may
be eligible for by a review of your insurance claim history,
which can be obtained from your current insurance carrier. It
is a simple computer printout of any claim activity
experienced over the past 5 years.
Click here to request a copy of your insurance claim
history from your current insurance company.
