The difference lies in how much of your unit’s interior is covered by the Association. Original Specifications: The Master Policy covers the building’s structure plus the interior finishes as they were originally installed by the developer (e.g., standard cabinets, flooring,…
Under a Bare Walls policy, the Association’s responsibility typically stops at the structural “studs.” The HOA Covers: The building’s exterior, roof, framing, and the shared utility lines behind the walls. The Unit Owner Covers: Everything from the “studs-in.” This includes…
The difference comes down to whether any personal upgrades are covered by the Association. Original Specifications: The Master Policy only covers the unit as it was originally built by the developer. If you or the previous owners upgraded flooring, countertops,…
To ensure you aren’t left with significant out-of-pocket costs, we recommend that your personal HO-6 policy includes: Dwelling Coverage (Coverage A): Set this limit high enough to cover the HOA’s master deductible and any interior upgrades. Sewer Backup/Sump Pump Overflow:…
Transitioning to “Original Specs” allows the Association to focus its insurance budget on the shared structural elements and common areas while letting owners control the cost of insuring their own custom finishes. Under an “All-In” model, every owner essentially pays…
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While we cannot cancel a policy held with another agency on your behalf, we are happy to assist you with the transition. To cancel your prior coverage, you will need to contact your previous agent directly. Most companies require a…
Yes, there are two primary ways to adjust your renewal date. We can “short-rate” your current policy, which involves canceling the existing policy early and starting a new 12-month term on your preferred date. Alternatively, we can request an extension…
Reach out to us as soon as possible to begin shopping for replacement coverage. Carriers are required by law to provide a specific reason for the non-renewal; reviewing this reason helps us target the right new providers for your community.…
Binding coverage is the final step in our quoting process. To move forward, the Board must provide written authorization, which usually includes: Signed Quote Acceptance: A formal signature on the selected proposal. Underwriting Requirements: Completing any remaining requirements requested by…
