Comprehensive Risk Analysis Saves $13,000 While Improving Coverage
||144 buildings/264 Residential Units
Bexley Park Master Association, Inc. was automatically renewing their commercial insurance policy for the past three years. The automatic renewal did not include a policy review, which meant the policies were no longer covering their exposures in a number of areas. Additionally, the community association had suffered from several claims, and did not receive claims advocacy service.
A meeting was scheduled to discuss our extensive background in working with community associations and our approach to risk management. During the initial meeting, a detailed insurance and risk management service schedule was provided. We proposed an on-site loss control safety review and a comprehensive risk analysis. The analysis and review revealed significant coverage gaps.
In addition to enhancing their coverage, the association saved over $13,000. They
also benefited from a number of enhanced services and resources - annual hurricane site survey, annual unit owner meeting, annual loss control inspection, and claims management. Plus, they have access to a dedicated team focused on the community association industry, both from an insurance and property management perspective.
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