Insurance

Not sure what the exact goal is here, Roger, but having done casualty insurance for over 10 years, I can tell you that HOA's and COA's are almost a specialized market. No, I'm not a licensed agent, so please seek a professional who is at this time. Some carriers have very aggressive rates and go after this business and others don't want the business. They also sort of frown on HOA'S that hop and skip from one carrier to another, since there is substantial front end underwriting expenses when the policy is first written. They also look very carefully at the Loss History for the risk. This would mean that they are probably going to look at the loss history for the last 3 years. You also mentioned going with only 'good' insurance companies. Check their "AM Best" rating. This points to the financial strength, loss reserves, etc. Didn't see any mention of underlying General Liability coverage that usually comes with the Package policy. This is good general information, but a good agent needs to look at the risk and ask the right questions. You can price out the insurance coverage (apples to apples), but if there is an exposure that hasn't been previously contemplated and they have a claim, then the HOA may be looking for a special assessment. Get a good agent.