Hard to Place Insurance for HOAs
Associations that have been sued several times or have suffered several significant claims will often find it difficult to obtain highly competitive insurance rates with the most comprehensive coverage available. These associations can still obtain insurance. However, coverage is more limited, deductibles are higher, and the premiums are higher. The insurance may also exclude certain known risks such as a litigious homeowner. Once an association has about three years of no loss history, it can usually obtain the most competitive policy available. Contact Independent Insurance Agents of California for any questions regarding coverage and to obtain a quote for any common interest development or other property.
Map of High-Risk Fire Hazard Areas
Many homes in Southern California are located in high-risk fire areas with increased danger and higher fire insurance rates.
You may check to see if any particular property is in or near a high-risk area by viewing the following link provided by the state of California: Map of High-Risk Fire Hazard Areas.
Admitted Insurance Carriers and Non-Admitted - Surplus Lines Insurance Carriers
Homeowner Association Insurance - What You Need to Know
Reserve Studies for Condominium Associations
OTC Insurance Services
a California Corporation
5737 Kanan Road, Suite 630
Agoura Hills, CA 91301
Isaac Ortiz 818-429-8022 (Direct)
Office: 818-991-9019
CAInsuranceAgents.com
License # 3013582
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