The Armstrong Company has spent more than 40 years developing insurance programs for niche industries.
The Timeshare & HOA industries have a distinct insurance profile and often times the basic insurance products do not provide an overall coverage approach. Armstrong has worked with over 150 unique timeshare and HOAs for more than 30 years. Our team has extensive experience in handling Timeshare and HOAs nationwide so we are well educated on coastal area problems, California earthquake issues and northeast storm patterns. We partner with select insurance companies that understand Timeshares and HOAs and the exposures associated with them.
Factors to be considered when structuring a program specific to condominiums and timeshare risks:
- Does the program comply with the CC &R’s?
- Does the program comply with Davis-Stirling Act?
- Is the Board protected from the indiviual owner lawsuits?
- Are the present property values adequate?
- Are the Flood, Earthquake and wind limits high enough?
- Is there a disaster plan in place
- Is there a designated adjuster on 24/7 call?
- Is there a pre approved loss mitigation contractor in place?
Disaster Recovery and Property Restoration
Our program includes the services of Belfor, the leader in disaster recovery and property restoration. You saw the CEO on the television show, Undercover Boss. Our team has consistently been on the ground within hours of major loss events and started the loss mitigation and clean up efforts. With our program there is no long waiting time for an adjuster.
Disaster Preparedness is a must to help mitigate potential losses. Visit our resource, Disaster Preparedness Planning and check back often as this is a growing resource.
Arminsco Blogs specific to the Hospitality Industry
- Common Causes of Hotel Injuries
- Plan for a flood
- Cyber attacks on the Hospitality industry
- The Importance of Replacement Cost Value
- Hospitality Industry – Risk Assessment
Our team has extensive experience in handling Condominium HOA’s and Timeshare Companies nationwide so we are well educated on coastal area problems, California Earthquake issues & northeast storm patterns. Contact us or Request a Quote today and let one of our licensed representatives customize a plan for your needs.