Condominium Associations – Serving Illinois
Condo Associations create a unique set of risks. Unlike many other businesses, a Condo Association policy protects not only you, but also your neighbors & friends. Working with an agency that understands Condo Associations can impact both the association and you personally.
For Condo Associations, you are not just insuring a business, but also your own home. Partnering with Mikkelsen, Kelly, & Kipp Insurance allows you to fully understand the risks associated with the association you live in. This protects you, your neighbors and ultimately your own home.
What You Need to Know About Condo Association Insurance
Directors & Officers Liability
D&O Insurance is a part of your policy that is required by Illinois State Law. This protects your directors, officers and other board members from any inadvertent mistakes that could happen. If the board fails to adhere to any laws or makes a decision that causes physical damage to a resident’s property, you could be sued forcing the association to pay. The proper D&O policy can protect you and the rest of the board from such instances. Give Mikkelsen, Kelly, & Kipp Insurance Agency a call today at 708-389-6330, and we’ll help you determine if you have enough liability insurance for your association.
Unfortunately, not everyone can be trusted, especially when money is involved. Many times, the board members of a condo association have access to the entire association’s bank account. If that money is stolen, how are the residents of the association supposed to be reimbursed? A properly written crime policy that names the non-compensated officers can protect everyone in such as situation.
Building Replacement Cost
Don’t forget, this is your home as well as your neighbors. Don’t you want to make sure you have the proper amount of property coverage should something terrible happen? At MKK Insurance, we offer a full replacement cost estimate to all of our condo associations at no cost to you. This can make the difference when you are trying to get your home and life back to where it was.
Why We Are Different
Our team at MKK Insurance will guide you through the process from current policy review, to billing, to loss prevention to the final annual audit. We do this by offering face to face personal service and open communication. The more we know about you, the more we can help.
We at MKK Insurance also provide access to our network of preferred vendors. We can help connect you with payroll services, health insurance professionals, OSHA compliance, comprehensive perpetuation planning services and more.
To learn more about us and our process, contact Mikkelsen, Kelly, & Kipp Insurance Agency for more information. Give us a call at 708-389-6330.
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