Condo Q&A

Insurance at 4 times the premium we had last year

Written by CondoAssociation.com | Wed, Nov 8, 2023 @ 03:30 PM

This question is submitted by Dana S. out of Massachusetts

 

We were told our master policy was canceled due to claims last year and now we have been forced to get insurance through Lloyds of London at 4 times the premium we had last year. 

Can a policy be purchased for 6 months while we search for options or prove that we can be claim-free? We had a sprinkler system burst in record -0 temps last year. All repairs are done. did other work on structure as well.





 

 

Thoughts?