INSURANCE AGENT
Because the functions of community associations are a blend of business, governance, and
activities, their insurance needs are unique and specialized. When it comes to community
association insurance, there is no one-size-fits-all approach, product,
or service.
Your community needs a qualified association insurance agent you can consult to protect the
association. A robust insurance program will not only protect your community in the event
of a loss, but it's also a pivotal part of fulfilling your board member obligations to the best of
your ability. Additionally, it'll help your homeowners rest easier knowing that the board has
made sure the association has the appropriate coverage if an event occurs.
What to Look for In an HOA Insurance Agent
The most suitable insurance agent will specialize in community associations and have
the Community Associations Institute (CAI) Community Insurance and Risk Management
Specialist (CIRMS) designation and other credentials. You should always consider the
following before selecting an insurance agent for your community:
• Experience in community association insurance
• Claims processing history
• Participation in professional trade associations
• Professional certifications
• Licensing and bonding
As your board evaluates partners, it's helpful to know that CAI extends CIRMS designation
to individuals with extensive education and experience in community association insurance.
And the right agent or broker will confirm the association is adequately insured for every
relevant risk. Looking out for these traits will ensure you find an expert that'll become a
valued business partner for years to come.
