This Is our Village

Thursday, April 21, 2011

Question About W.P.R.F. Insurance

I have a question about our W.P.R.F. I know our insurance for our buildings that is our associations had a big drop in rates for this year. Is there going to be a drop in the rates for the W.P.R.F. property insurance also ? and if there is are we going to get some kind of rebate or something? I hope someone can have an answer for this question.
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The following was provided by the Chair of our Insurance Committee Toni Salometo:
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In the course of my job as UCO Insurance Chair, I had to review W.P.R.F. insurance program. I did this before their August, 2010 renewal. Monica Wells, VP of Cenvill was kind enough to furnish me with their policies and loss information. I was very impressed by what I saw, all applicable loss exposures were adequately covered and the pricing was fair.

I asked who her agent was and what she thought of him. She said that she had been dealing with Ty Beba of Brown & Brown and was very pleased with the service and price. As Ty was most competitive with our renewal this year, I have no doubt that he has been as competitive with W.P.R.F.’s for the period they have written the coverage and will continue to be as competitive as the market will allow.
In answer to your question, I do not see a large reduction on W.P.R.F.’s insurance premium as ours, as their pricing was more in line than what ours has been in the last few years.

Toni

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