Please keep in mind these steps to ensure the best coverage for you, your home or your association.
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Step 1-5
1.Get Insurance agent to obtain quotes from different insurance carriers.
2.Require your Insurance agent to prepare a written summary sheet of all your insurance coverages.
3.Require your Insurance agent to provide you copies of all insurance policies and make sure those policies have the lowest dedcutible possible with replacement coverage.
4.If possible, create a seperate reserve fund for future losses, emergency repairs and rising insurance costs.
5.Establish an emergency operations location from which the Board will meet and operate in the event of a disaster.
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Step 6-10
6.DO NOT allow your Insurance Company to hold past hurricane claims against you. According to Florida Statute, hurricane claims are "Acts of God" and they are not your fault.
7.Identify qualified professionals, roofers, electricians, tree removal services, construction managers and water and mold remediation companies before a natural disaster strikes.
8.Secure a line of credit for your Association.
9.Develop a prepardness plan for any natural disaster. Make copies of insurance policies, an inventory of Association property, all emergency contact numbers of unit owners, and designate a community leader to be responsible for communicating with all owners.
10.Do not be fooled by purchasing cheap insurance. Make sure your deductible is low, you have replacement coverage, ordinance and lawn coverage, and special assesment loss coverage.
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