The art of insurance bidding: Practical strategies help navigate a hard market

The art of insurance bidding: Practical strategies help navigate a hard market

Community association boards can take steps to improve their chances of securing better premiums by using some simple yet practical insurance bidding strategies. During a recent CAI webinar, insurance professionals outlined several relatively easy steps boards can take to save money and protect homeowners’ investments when seeking insurance policy renewals in a hard market.  

Insurance coverage: Communities report significant challenges with rising premiums

Insurance coverage: Communities report significant challenges with rising premiums

More than 90% of respondents in a recent survey conducted by the Foundation for Community Association Research reported that their property and casualty insurance premium had increased at the last or current renewal with 24% citing an increase between $101 and $500, and 14% citing a larger increase. Eleven percent of respondents indicated that their property and casualty coverage was canceled or not renewed.

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