We realize that insurance costs are a critical part of your annual budget and operating expenses. It is of the utmost importance that you have a good understanding of what your insurance renewal premiums will be. We routinely sit with boards to go over budgets well in advance of their expiration date.

Generally, our insurance premium projections are quite accurate within a three month period. Once we get beyond the three month time frame there will likely be some market changes. Beyond three months, we are prepared to give you a best and worst case scenario. We rate your association’s property insurance through Citizens Insurance, anticipating the premium should remain the same for your worst case projection. We then determine which carriers best fit your association’s characteristics. We can then estimate what the premium could be for your best case scenario.

This will be our best educated guess based market conditions at that particular time. Other factors like the economy, recent hurricanes, reinsurance costs, global catastrophes and even next season’s hurricane predictions can also affect your renewal premiums.

Because we insure all types and sizes of condominiums throughout Florida and use all available carriers, we may have better insight than your local agent when projecting insurance costs.