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…
LOANS CLOSED $17,000,000: 200 East 57th – New York, NY $3,100,000: 141-60 East 84th – Queens, NY $2,000,000: Sanderling Condominiums – Centreville, VA $1,700,000: Residences at Brambleton II Condo. Assoc. – Ashburn, VA $1,500,000: Fordham Terrace – Bronx, NY $1,000,000: Morgan Court Condominium– New York, NY $993,750: Evans Tower Condominium – New York, NY $950,000:…
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Did you know that Directors and Officers coverage is typically written on a claims-made basis as opposed to an occurrence policy? Many liability policies are occurrence policies, which means they provide coverage for accidents or incidents that occur during the policy period, regardless of when the claim is reported. So, if you have an incident…
LOANS CLOSED $9,300,000: Gentry Apartments – Brooklyn, NY $8,150,000: Chesapeake Owners Corporation – New York, NY $2,850,000: 125 Beach 124th Street – Rockaway, NY $1,540,000: Briarwood at Forest Park – Woodhaven, NY $850,000: Whitley Park – Bethesda, MD CASH MANAGEMENT Park Claridge Condominium Association – Deerfield, IL: Moved approximately $500,000 to partner banks, tripling…
Did you know that FirstService Residential clients have access to an exclusive, competitively priced, best-in-class Directors & Officers insurance policy designed to meet their specific needs? This coverage protects the volunteer board members for any decisions made on behalf of the Association and is a “must have” for all boards, regardless of size. It is…
LOANS CLOSED $2,600,000: Towamencin Condominium – Harleysville, PA $1,000,000: The Carlyle House – Arlington, VA $1,120,000: INDX Condominium – Toronto, ON $850,000: Karma Condominium – Toronto, ON CASH MANAGEMENT Union Square at Broadway HOA – San Diego, CA: Rebalanced portfolio resulting in $12,000 increase of yearly interest income Icon Owners Association – San Diego,…
LOANS CLOSED $13,700,000: 2077 Tenants Corp. – Fort Lee, NJ $3,000,000: Copper Ridge Condominium – Charlotte, NC $2,200,000: River Station Condominium – Minneapolis, MN $2,000,000: Marlborough Condominium Association – Chicago, IL $285,000: Summit Village Condominium – Hidden Valley, PA CASH MANAGEMENT Bridgeview Owners Assoc. – San Francisco, CA: Placed $8.2 million in settlement funds…
FirstService Financial’s insurance programs continually bring value to FirstSerivce Residential managed communities. We provide customized program options for our client’s risk management and insurance program. Below is an example of the savings and benefits that one Association received by using our services. Florida Condominium Association 223-Unit High-Rise Condo in Aventura, FL Existing Situation: Projected Property…
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LOANS CLOSED $3,500,000: 351 Marine Ave – New York, NY $2,500,000: 825 West End Condominium – New York, NY $1,900,000: 720 Owners Corp. – New York, NY $1,500,000: Grande at Riverview Condominium – Conshohocken, PA $1,050,000: 950 W Huron – Chicago, IL $800,000: The A Condominium – Jersey City, NJ CASH MANAGEMENT Harveston Community…