Cohousing-L Mailing List: insurance

[David L. Mandel (dlmandel]

This is addressed especially to California communities, but helpful information 
from elsewhere may also be useful.

Do you have a current recommendation for an insurance company or independent 
broker who has been very helpful with the general policy for your condo 
community? We're looking to shop around as ours comes up for renewal.

Price is a big factor, of course, but also flexibility in meeting our needs 
without overkill and clarity in explaining the boundaries of what is covered 
and what is not.

Ideally, the provider would also offer the same service with good prices (and 
with the same company) for individuals buying their separate condo policies. 
Our assumption is that if the same company does both, as least we're assured 
there would be no gap between what each covers. (We hear different descriptions 
of where the line is between outside vs. inside the buildings.)

Finally, a bank with which one of our members is now seeking to refinance is 
demanding that we have "fidelity bond" coverage to protect against employees of 
a management company who embezzle, for instance. I have inquired, noting that 
we don't contract with a management company or pay any employees to conduct 
management business, and this was never demanded previously. Have you run into 
this (and this may well be an area where state law is important)?

Thanks.
David L. Mandel
Southside Park, Sacrmento