MITIGATION REPORTS - FROM OUR INSURANCE CHAIR

Hi all,

Citizens Ins. Co. has decided to order re-inspections on many of their commercial buildings. We found out about this a few weeks ago. I called and was advised that this would be a check on the Mitigations inspections that were done previously. I advised them that we had just completed an almost complete inspection of the Village and was advised that it didn’t matter, they wished to re-inspect. I called our agency Plastridge and was advised that we weren’t alone—it was happening to others as well. Citizens was adamant, various associations were to be re-inspected.
-

The inspections we got were not bad, and now have to be redone, as part of their quality assessment program. If your association met standards before, there is no doubt they will meet them again. What I didn’t want was our residents being inconvenienced again. I pleaded our case, to no avail.
These new inspections will cost us nothing but time, for which I’m sorry. We will get copies of the new forms and they will be used to set the premiums for our property policy when it comes due in January. In the mean time, we have been able to help a large number of residents with the new forms we received.
-
 Most insurance companies are using the forms to rate individual Homeowners’ policies and we have Emailed out about a third of the forms we received to individual agencies. There has been significant reduction in premium because we’ve had the Mitigation forms available. Many residents have taken advantage of this and if your Homeowners’ policy is due for renewal, don’t forget to tell your agents’ that you have a copy of the new form.

Content from Toni Salometo
Chair, UCO Insurance Comittee
-
Posted by Dave Israel