Who is your HOA insurance carrier?

Ron

The rates can vary quite a bit. I believe AllState cannot write insurance of any kind in MA. My best advice is check locally.

Every state is different as to which companies insure HOA/Commercial, etc.. Call around to insurance carriers in your phone book to see if they offer coverage.

My advice? To get the best competitive rate, one must get quotes and change insurance carriers about every 3 years.

Anything's coffee money when you break it down into cost per day. However, if you look at it from a monthly perspective (which is what most people do), $8,100 / 12 months / 20 units = $33.75/mo. Suddenly, it's no longer coffee money.

I've worked in the P&C industry for over nine years between sales and customer service and I have literally cut people's insurance rates by well over half because their current carrier's rates are simply too high in their state. It may be that our company has very high rates in Ohio, but another carrier could have really good rates. Therefore, it's conceivable that some other carrier could take our rate from $8,100 annually down to $6,000 which is $25/mo, an $8 monthly savings.

This is why I am asking about everyone's carriers. They may not do commercial property insurance in my state, but I'd never know that unless I ask. It'd serve as a good reference guide of what countrywide insurance companies sell commercial insurance because some only do personal/residential.

While largely true with most products or services, you can't always gauge the quality of an insurance company by its rate. Case in point here: Allstate's California automobile premiums are up to four times higher than MetLife's. I loved quoting CA policies, especially when the caller was with Allstate because it was an instant sale. However, on the other side of the country in New York, MetLife can't even come close to competing with Allstate (or any company for that matter) because MetLife's rates are ridiculously high on the East coast, especially New York. I would laugh on the phone with New Yorkers all the time after I told them what we wanted to charge them.

The same applies to dwelling policies (house, condo, renters, etc).

Anyway, the whole purpose of this post is to find out which companies sell commercial home insurance so that I can contact them.

Roger, it sounds like you did a good job. Kudos to you. But how on earth can a cost be reduced by 400%? After a 100% reduction you're paying nothing, regardless of the actual number, no?