The Board recently reviewed and renewed our commercial insurance package (this includes coverage for property, liability, and auto) at significant savings to the HOA.
The HOA remains insured with the Philadelphia Insurance Company that we had previously.
However, we changed management companies and corrected several errors to the policy upon renewal this year.
If we had not made any changes or corrections, our annual premium would have been $4275.
The final premium for the 2008-2009 renewal term after all changes were made was just $2124.
This saved the HOA $2151 or 50% off our previous premium.
2 responses so far ↓
1 tonya // Oct 27, 2008 at 4:05 pm
This is fantastic. Thank you.
2 Julie // Oct 29, 2008 at 8:00 pm
THANK YOU!!
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