Wind & Hail Insurance For Condo Associations

[lovett19]

I'm looking for any other Condo Associations (in and around the Montrose area) who have had any luck finding Wind & Hail Storm coverage for their exterior structures and common grounds. Our current policy expires at the end of July, so we've begun shopping around. The 1st insurance broker that we approached said that he's not giving out quotes until mid- to end of June. Our condo association does not want to get backed into a corner like last year, when we were told (they day before our policy expired) that our premiums were increasing 270%.

So if you do have wind & hail storm insurance coverage for the upcoming hurricane season, I would love to hear who it is with, and how the premiums compared to your last policy.

THANKS!

LOVETT19

[Native Montrosian]

Perhaps these people can help:

We specialize in hard to place property accounts!

Coverage All Risks including WIND IN TEXAS COASTAL AREAS

Insurer A-VIII rated Non-Admitted

Minimum Deductibles $2,500 All Coverages, except 3% - 5% on wind

Commission 10% to 15%

Limits $2,500,000 Primary Layer

$5,000,000 Quote Share or Excess

Target Properties Hotels, Condos, Habitational, Builders Risk, Office Buildings, Real Estate, Building driven risks

Submission Requirements:

Completed Acord Applications

3-5 Years Loss History or "No Loss" letter

Current Statement of Values

We can help with General Liability placements

For more information, call or send an e-mail:

Tina Harris

Property Underwriting Manager

phone: 972-934-4297

fax : 972-934-4299

email: tharris@smallcommercialnetwork. com

My agency has never used them as we don't write small commercial accounts, so I can't recommend personally.