The mist is rising off the water and the sun is peeking over the trees as you head out to search for that record bass. Or maybe you prefer the excitement of finding that stretch of water that’s as smooth as glass and being the first to cut an arc of spray.
Whatever you enjoy doing on the water, Wise Insurance Group has the right kind of boaters insurance for you. We insure all types of watercraft including;
We will work with you to identify the right coverage that fits your budget from multiple carriers.
Condo association insurance may cover many different common areas that complexes typically have. Depending on a particular policy’s terms and conditions, it might cover:
An insurance agent who specializes in condo association insurance can help associations find a policy that provides robust protection for their common areas.
Condo master policies are often underwritten as bare walls-in, single entity, or all-in policies. The differences between these policy types lie in what features they cover within condominium units:
All-in policies are also called “modified single entity policies.”
Which type of policy a condominium association purchases is up to its board (or members). Associations might purchase a bare walls-in policy if they want to keep premiums as low as possible. An all-in policy might be used to insure a luxury condominium complex, if unit owners can afford the higher premiums.
A knowledgeable insurance agent can help associations decide what type of policy they’d like to carry.
The premiums for condo master policies vary according to many factors. A complex’s location, size, age, construction, features, and other details can all impact cost. So too can many other details that insurers might ask for.
Because premiums vary across policies, associations should check customized quotes to find out how much their complex will cost to insure. An independent insurance agent can assist with getting quotes from several different insurers.
Whatever the cost of a condo master policy, that cost is typically passed onto unit owners as part of their monthly HOA fees. For this reason, association boards should consider policy costs in light of how much the average unit owner would like to pay.
For help insuring a condominium complex that’s in Texas, contact the independent insurance agents at Wise Insurance Group. Our agents will work closely with you to determine what type of policy and what coverages are needed. We’ll then help you compare different policies that meet those requirements, so you can select the best available condo master insurance policy for your complex.