IOA’s Condominium Practice helps condominium associations reduce their cost of risk. We customize association insurance to meet the requirements of state statutes, and we offer optional coverages that add important protection for board members, unit owners, and the condo association in general. With IOA, condo associations receive more than just insurance policies.
We provide:
- 5-year history reports that help condo boards understand the COA’s insurance profile based on claims history and market conditions
- Unequaled expertise in coastal properties
- Vast experience in claims
- Great relationships with attorneys, both plaintiff and defense
- Alignment of the COA master policy with the association’s governing documents
Access to affordable insurance is top of mind for condo associations, and IOA’s experts work tirelessly and intelligently to find policies in a very limited market. We respect our clients’ budget constraints, know our insurers well, and honestly present options, along with cost containment measures, to our COAs.
At IOA, we pride ourselves on client retention. We accomplish this largely by not vanishing after the sale is closed; we maintain ongoing, proactive, and responsive communication with our clients. Operating nationwide, we are entrusted with tens of billions of dollars in condo value, which is the result of our hard work, ingenuity, and personalized attention to each client.