Garrity Insurance, an organization dedicated to helping their clients find out the most effective insurance policies in the market, has recently included master condo insurance to their service portfolio.
May 16, 2019 —
One of Massachusetts’ most preferred insurance protection service providers; Garrity Insurance has recently expanded their service with the inclusion of master condo insurance. Founded in 1923, the company has built a reputation in this region with its superior service. Starting from basic home and auto coverage to providing coverage for start-ups and large corporations, Garrity Insurance has seen it all in its long and eventful journey. The company offers a wide range of business insurance services including business owners’ policy, commercial auto insurance, commercial property insurance, contractors insurance, cyber insurance, general liability insurance, landlord insurance, and much more.
Condo association insurance is a specialized form of insurance that’s designed specifically for condominium associations. The objective of these policies is to insure the common areas of a complex such as walkways, fences, hallways, stairs and elevators, pools, gymnasiums, community rooms, and all common walls. Securing this insurance is a collective responsibility of individual unit owners. In most instances, the condominium association collects monthly dues from the unit owners and spends a part of that fund towards insuring the building, common areas and the liability exposures of the association.
Master condo insurance policies provide a combination of property and liability protections. Property coverage includes protection for the common areas from damage caused by fire, vandalism, and wind. On the other hand, liability coverage protects the condo association from certain types of liability claims and suits filed against the trust.
In general, master condo insurance policies are purchased and paid for by the condo associations. However, it has been observed that most of the associations pass this cost on to the condo owners within the complex. Premium payments are also frequently passed onto the owners as part of the annual assessments.
At present, Garrity Insurance insures more than three hundred condominium associations in the Greater Boston area. Having partnered with over fifteen of the leading insurance providers, they are able to provide multiple quotes with varying levels of price and coverage for the best policies. A large majority of the master condo insurance policies written by the company are written on ALL IN Basis. However, the docs are also followed for many master policies.
With thousands of satisfied clients and almost a century of hard work behind them, Garrity Insurance is a partner of some of the topmost names in the industry such as Trusted Choice, MAIA, and IIABA. They are also amongst the highest rated insurance provides on Yelp and Angie’s List, two of the internet’s top consumer platforms. In order to help individuals make informed decisions about their insurance related needs, the company also runs a popular blog.
Name: Garrity Insurance
Organization: Garrity Insurance
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