As a condo association board member, you have been given the power to make a wide range of decisions for your community, from implementing ways to increase safety and security, to hiring vendors to maintain common areas and building exteriors, to designating where residents should place garbage cans on trash pick-up day. Regardless of whether an issue is of critical importance or just a minor concern, you are always obligated to make choices that you believe will have a positive impact on the shared property in your complex as well as protect the value of your individual condo unit owner’s investment.
It probably won’t come as a surprise that the condo insurance specialists at Anderson, Bagley & Mayo (ABM) believe that one of the most important things you can do to safeguard the future of your condo community is to make sure that you have the optimal insurance coverages. With the right master condo insurance policy in place, your condo association board can ensure that:
As a board member, you have a fiduciary responsibility to your association members to not take any shortcuts when deciding on the right insurance coverage. Your members have put their confidence in you to find a highly knowledgeable insurance professional who can provide a customized and cost-effective insurance solution that looks out for the best interest of all condo unit owners.
The ABM team not only has a wealth of experience insuring condo communities like yours throughout North Central Massachusetts, but we also work with thousands of individual unit owners to meet their condo insurance needs as well. Whether you are making decisions for a small three-unit townhouse-style condo property, a mid-sized school-to-condo conversion, or a large condominium complex with hundreds of units, the condo insurance specialists at ABM can expertly guide you, your board, and your association members through the often-complex insurance decision-making process.
Whether you’re a new board member or you’ve served on your association’s board for years, you probably have ongoing questions about what the master condo insurance policy covers. Which is very understandable considering it’s not the most straightforward of coverage documents. That’s why, when the ABM team partners with your condo association, we will always kick off the relationship by thoroughly reviewing your association’s master insurance policy with you and your board. Then, we can clearly detail out for you which of the following three condo association coverage options your policy is based on:
As the largest, independent, and privately-owned insurance agency in North Central Massachusetts, representing many of the highest-rated insurance carriers, our team is uniquely qualified – and committed – to finding you the best, and most cost-effective, condo association insurance solutions. Through ABM, you can secure the proper master condo association insurance policy that will not only protect your condominium community from property perils like fire, wind, hail, theft and vandalism, but that will also cover your association for a variety of liability risks that can result from having a swimming pool, fitness center, playground, parking lot, or other common and shared areas.
We’ve been serving the insurance needs of condo associations like yours for more than 100 years. As a result, we have a comprehensive strategy for helping boards make sure that the property they are responsible for is properly covered for virtually any potential loss or unexpected event. There are several additional types of coverage options that we ask most, if not all, of our condo associations clients to consider, including:
ABM will not only work with you to determine what the right protection package for your association is, but we will also provide you, your board, and your unit owners with a level of service that consistently exceeds your expectations. For example, we offer risk control services to help you reduce the chances that your association will ever suffer a loss. We also help you get repair and construction projects off to a great start by making sure all contractors carry sufficient workers’ compensation insurance and have updated certificates of insurance that name your association as an additional insured. Finally, our team will always be here to provide continuing education about your association’s master policy coverage, expert guidance on adapting your protection as your community and needs change in the future, and, most important, personalized support should you ever experience a loss.