Many condominium owners believe that the association’s master policy provides adequate protection. However, the master policy insurance that protects the building does not protect the interior of the individual condominium units. Make sure your limits are adequate based on your documents. Prior to purchasing an HO-6 Condo Homeowners insurance policy, you should understand how your […]
Read MoreJune 28, 2003 is National Insurance Day
National Insurance Awareness Day serves as a reminder to all individuals and small business owners to review their insurance policies to make sure they have the right coverage. This day was first launched in 2010 by the National Association of Insurance Commissioners (NAIC).https://content.naic.org/resource-center This day highlights the importance of protecting your finances, health, property and […]
Read MoreThe Hard Insurance Market for 2023
As a result of the hard market, we are seeing programs that were specifically designed for community associations being discontinued, insurance policies being non-renewed or cancelled, increasing property values and more insurance inspections. I have been in the insurance industry for over 50 years specializing in the habitational sector and have seen the cycles that […]
Read MoreCybercriminals, Hackers, and Threat Actors
Watch Out! With the closing of a banking institution, there may be a surge in schemes (phishing/malicious emails and social engineering) to redirect funds transfers and conduct invoice manipulation. Always, be on high alert and apply these best practices to avoid incident: Pay special attention to urgent requests for funds transfer. Verify the authenticity of wire transfer and […]
Read More2022 Best of the Best Finalist
Connie Phillips Insurance – Voted 2022 Best Insurance Agency Finalist For the fourth year running, we’re honored to have been selected as Best Insurance Agency Finalist! We could not have achieved this success without our valued clients! Your satisfaction is our number one concern and we promise to continue offering the same outstanding service […]
Read MoreMaryland House Bill 107 -Reserve Studies
Maryland House Bill 107 -Reserve Studies for Maryland Community Associations –The Maryland General Assembly passed new legislation requiring that community associations obtain a reserve study. This will apply to condominiums and homeowners’ associations. IMPORTANT: 1) On or after 10-1-18 – must have reserve study updated within 5 years 2) No reserve study – Must comply […]
Read MoreSpecial Enrollment Period (SEP) What is a “Qualifying Event” or “Triggering Event”
A special enrollment period (SEP) allows you to enroll in an ACA-compliant plan (on or off-exchange) if you have a qualifying life event. A qualifying event triggers a special enrollment period (SEP) for an individual or family to purchase health insurance outside of the regular annual ACA open enrollment period. ACA Open Enrollment period- November 1st to December 31st. Coverage goes in effect January of […]
Read More2021 Best of the Best Finalist
Connie Phillips Insurance – Voted the 2021 Best Insurance Agency Finalist We’re honored again to have been selected as 2021 Best Insurance Agency Finalist! We could not have achieved this success without our valued clients! Your satisfaction is our number one concern and we promise to continue offering the same outstanding service that earned […]
Read MoreCPI Insurance Guides
CPI Insurance Guides These one-page flyers in PDF format are great resources, explaining various types of coverage, insurance terminology, risk assessment and more, all in easy-to-understand language. Click any link below to display the PDF file in a new window, where you can print or download the file. Car Insurance Minimums Home Replacement College Student […]
Read MoreInsurance 101 for College Students
Insurance for College Students In college, there are so many things to be concerned with. Things such as class scheduling, housing arrangements, locating resources on campus, financial aid, and searching for student employment opportunities. The last thing on most college student’s minds is insurance! However, being adequately insured while in college will save you a lot […]
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