Newtown Grant, a master-planned community is Southeast Pennsylvania, is home to over 3,000 residents. Made up of a master association and multiple sub-associations, this very large community recently presented a challenging insurance renewal. The incumbent Directors & Officers Liability provider non-renewed coverage because of the complexities involved, and many other underwriters declined to offer terms…
Bayland Condo is a 121-unit garden style condo community located in Havre de Grace, MD, just outside Baltimore. Recently, the Board opted to explore options for the management agreement while still considering its ongoing relationship with FirstService Residential. Coincidentally, the association’s insurance coverage was up for renewal at same time. FS Insurance Brokers was engaged…
Best Practices for Managing the Insurance Renewal Process Managing your association’s insurance renewal can be a long, drawn out, and time consuming ordeal, that always seems to come down to the last minute. Creating a game plan and controlling the process will put you in a better position to obtain quality proposals in a timely…