April 27, 2021
AgencyCondo Association Master Insurance Policy – What It covers?
Condo Association Master Insurance Policy – What It covers? Condo Association Master Insurance Policy – What It covers? Condo associations are responsible for maintaining the grounds and shared spaces while granting owners freedom over the interior of their condos. However, with this balance comes some confusion over the responsibility of each […]
November 18, 2020
AgencyWhat Is Umbrella Insurance, and Do I Need It?
What’s Umbrella Insurance? Massachusetts Umbrella Insurance does exactly what its name implies: It offers Extra Protection. It’s an extra layer of liability insurance; something you buy in addition to the liability insurance you already have in your Mass Homeowners / Home and Car / Auto Insurance Policies. And what does liability insurance do? […]
November 18, 2020
AgencyWHAT IS CONDOMINIUM ASSOCIATION INSURANCE MASTER “WALLS IN”COVERAGE?
What is “Walls In” Coverage? If you buy a condominium your mortgage lender may ask you to provide proof of “walls in” insurance coverage for the condominium building. But what does “walls in” mean..? And why is your condo mortgage lender insisting that it be part of your condo building’s insurance coverage? “Walls In”, […]
August 15, 2018
AgencyHow D&O Liability Insurance Benefits Mass Condo Associations
Massachusetts Condo Association Insurance Programs > Directors & Officers Insurance: In any situation where you’re representing another person or group of people, there is the chance that they could be dissatisfied with how you represent them, leaving you in danger of claims and lawsuits. This is where Directors & Officers Liability Insurance […]
May 14, 2018
AgencyWHAT IS CONDO MASTER INSURANCE “WALLS IN” COVERAGE?
WHAT IS CONDO MASTER INSURANCE “WALLS IN” COVERAGE? Over the years, we’ve seen a number of lenders requiring condo unit owners to provide evidence of insurance stating that “walls in” coverage is provided by their insurance policy. It’s a mystery how this term has perpetuated itself through the mortgage, and now insurance, industries. But […]
September 15, 2016
AgencyCondominium Association Insurance (Master Policy) Massachusetts
Condominium Association Insurance (Master Policy) Massachusetts Condominium Association Insurance (Master Policy) Property and liability coverage specifically developed for 2-26 unit residential condominiums. Building insured on a Replacement Cost basis to provide “all inclusive” or “walls-in” insurance coverage to comply with new Fannie Mae mortgage requirements – Higher General Liability – Up to date building replacement cost evaluation to […]
March 3, 2016
AgencyMaster Insurance for Condo Associations
Master Insurance for Condo Associations Why you should quote us?? – We usually save you a good amount of money while increasing your insurance coverage. – We are very competitive and offer some of the best rates in the State. – We offer a variety of discounts and needed insurance coverage. – We specialize in writing Master Insurance […]
December 11, 2015
AgencyCondo Associations – “Walls In”
Mass Condo Associations – “Walls In” Coverage What is “Walls In” Coverage and when does a Borrower need it? Fannie Mae requires that lenders verify that Hazard Insurance for all common interest developments including PUD’s and condominium projects with attached units covers fixtures, equipment, and other personal property inside individual units. The updated policy now requires that […]
December 11, 2015
AgencyCondo Associations – “Wall In”
Mass Condo Associations – “Walls In” Coverage What is “Walls In” Coverage and when does a Borrower need it? Fannie Mae requires that lenders verify that Hazard Insurance for all common interest developments including PUD’s and condominium projects with attached units covers fixtures, equipment, and other personal property inside individual units. The updated policy now requires that […]
July 25, 2014
AgencyCondo Association Insurance – We want yours
Condo Association Insurance – We want your policy>>> We offer Condo Association Insurance with much much more coverage for less dollars. Quote Us! – Small or Large Buildings – $2,000,000 / $4,000,000 – to $20,000,000 Building and Liability Limits – Directors and Officers Coverage – Internet Security and Privacy Insurance – Equipment Breakdown Endorsement […]