Condominium and Homeowners Association Insurance Checklist

I have compiled the following checklist for comparison to your current policy.  Feel free to contact us for a complete side by side comparison on your Association Insurance coverage.  1-888-439-0479 PROPERTY Special Form coverage Guaranteed Replacement Cost, Extended Replacement Cost or Replacement Cost Agreed Amount, Agreed value or Evidence of 100% Replacement Cost Building Blanket […]

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Fidelity Bond and Cyber Security Liability – Do you have the right coverage?

We wanted to help you understand the different insurance and why the broader Fidelity Bond coverage and Cyber Liability and Data Breach coverage should be considered.  I have summarized the following: Fidelity Bond with all agreements extend to cover False Pretense, Phishing, Social Engineering, Hacking of bank account and Wire Transfer Fraud. Most policies only […]

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Maryland Condominium Act and your Homeowners Condo Policy

Please note effective October 1, 2020 the condominium unit owner’s deductible responsibility will change per the Maryland Condominium Act.  The new law increases the unit owner’s deductible responsibility from $5,000 to $10,000, if a loss originates in your unit. If the loss originates within your unit, payment of the Association’s deductible up to $10,000 will […]

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Insurance Glossary

A Abandonment Surrender to the insurer of all interest in insured property after an event insured against has occurred. Not permitted under most property insurance contracts. Applies to property, or physical dam- age coverages, in Fire, Marine and Auto Insurance. Abandonment condition A condition often contained in property insurance policies that states that the insured […]

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Let’s Keep America Healthy!

COVID-19 – A Message from Connie Phillips Insurance News about a deadly virus that stared in Wuhan, China in December, now called 2019 novel coronavirus, or COVID-19.  As the number of cases rises, it’s understandable if you’re wondering how likely it is that you or a loved one will become ill.  Everyone is quite likely, […]

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