Please notify us as soon as possible after a loss. Send us an email at claims@myinsurancewarehouse.com, and our Claims Manager will advise on next steps and start the process for you. Be prepared to provide details about the incident, including…
We recommend speaking with us first. We will help you evaluate the total loss relative to your HOA’s deductible and advise you on the potential long-term impact on your policy, allowing your HOA to make an informed choice before a…
Unit owners should report all potential claims directly to your Association Board or Property Manager. They will evaluate the situation and, if applicable, open a formal claim with the association’s carrier. We also recommend contacting your personal (HO-6) agent to…
Due to privacy regulations and data security policies, most carriers will only release loss history reports directly to the insured party (the HOA Board or Property Manager). To expedite your renewal or quoting process, please request “currently valued loss runs”…
This means the deductible is calculated as 5% of the total insured value of the building. For example, on a building insured for $1,000,000, the deductible for a wind or hail event would be $50,000. If the Association does not…
Loss Assessment is an endorsement on your personal (HO-6) insurance policy designed to protect you from unexpected costs. If your Association suffers a major loss—such as a fire or a significant windstorm—and the master policy deductible is higher than the…
You need personal HO-6 coverage to bridge the gap between the HOA’s master policy and your actual unit. It protects interior items not included in the HOA’s coverage level—such as upgraded flooring, cabinetry, or lighting—and provides a source of funds…
The master policy is designed to protect the Association’s shared interests. It generally covers: Common Areas: Structures like clubhouses, pools, fences, and lobby areas. Structural Elements: The “bones” of the residential buildings, including roofs, siding, and foundation. General Liability: Protection…
The primary benefit is a lower Master Policy premium. By excluding interior finishes from the Association’s coverage, the total value being insured by the carrier drops. While this saves the Association money, it creates a “Walls-In” responsibility for the owner.…
Moving to “Bare Walls” requires careful coordination between your legal counsel and your insurance agent. The primary steps include: Governing Document Audit: Ensure your Governing Documents align with a “Bare Walls” definition. Membership Approval: Follow your association’s protocol for voting…
