Is pre-loss planning essential for condo associations? After handling these types of claims for over 35 years, we can say with certainty, the answer is a resounding YES! As the old adage goes, “If you fail to plan, you are planning to fail!” And when property insurance claims can tally into the millions of dollars for condo associations, preparation for catastrophic loss is no longer optional, but mandatory for your community’s survival. The value of the Property Manager who urges his/her Boards of Directors to take the necessary steps of preparation prior to catastrophe striking becomes even more treasured by those he or she guides.Your property insurance policy is the key to recovery; therefore, it must be responsive to your property’s needs. What is different from the standard policy creation process is Altieri Insurance Consultants Tampa helps you prepare your policy from a claims perspective. Like hundreds of associations before, you can believe in us as the partner property owners rely on.
What Is Pre-Loss Planning, And Is It Different For Condo Associations?
The Altieri Pre-Loss Planning Program reviews your current positions and insurance coverage to uncover existing potential for claim pitfalls. We highlight those areas of concern and present them to you for consideration with your agent or broker BEFORE the claim occurs. An educated client is our best client. Condominium Association claims can be very complex, so it is vital to identify, then solve any discrepancies before the claim occurs rather than be blindsided by deficiencies after the loss happens. This process assures clients benefit by the professional services of Altieri before and after a claim.
The responsibilities of condominium management greatly differ from those of a homeowner when it comes to insurance claims, because you’re dealing with hundreds to thousands of residents. This may include:
- Creating and distributing emergency procedures
- Having a recovery plan in place
- Knowing how to identify risks
- Mitigating damages wherever possible
- Reviewing your insurance claims policy
- Keeping track of all necessary information
Without the right expertise, condo associations may overlook vital aspects of their pre-loss plan. This is why it’s essential to seek advice from insurance consultants who know what areas to cover when creating your strategy.
What to Expect From Our Pre-Loss Planning Services
At Altieri Insurance Consultants, we understand that pre-loss planning is key to an a fair settlement. This is why we prioritize pre-planning with these comprehensive services:
Policy Reviews
Failure to understand their insurance policies is one of the main reasons condo associations have their claims denied or severely limited. Every policy is different, so our team will help you understand what is covered and what isn’t during your policy review. Having this information will let you know if you need to make any changes to your insurance plan for better coverage.
Hurricane Preparedness
Altieri Insurance Consultants hosts hurricane preparedness seminars where we go over your current plans and help you make improvements. This can include Emergency Response Plans and other urgent tasks to ready for an impending hurricane.
Disaster Action Plans
Ask us about our step-by-step guides on what to do before, during, and after a hurricane to mitigate losses. This playbook includes detailed checklists for easy comprehension.
Continuing Education
Pre-loss planning is a never-ending task that evolves with time. With our dedication to continuing education (and with official credentials), we offer programs catered to property managers including condo associations whether it be in-person or over Zoom calls.
We have everything that condo associations need to be prepared for every hurricane that hits Tampa. Preparing for upcoming natural disasters is as easy as reaching out to our team of insurance consultants!
Contact Altieri Insurance Consultants Today For Pre-Loss Planning For Your Condo Association
Take the extra steps in securing your condo association by scheduling a consultation with Altieri Insurance Consultants Tampa for pre-loss planning services near you! We will go over every little detail to make sure you are prepared for the next hurricane and to mitigate losses when filing your insurance claim. Call us today and get the correct amount for your settlement!
