Brigs, LLC

Most condominium and HOA boards believe that getting more insurance agents involved will automatically generate more insurance bids and better pricing.

Unfortunately, that's not usually how the insurance market works.

Many insurance carriers only provide one quote per risk. Once a broker approaches a carrier, that market is often blocked from other brokers. The result? More agents can actually mean fewer available options.

The goal shouldn't be collecting more business cards; it should be ensuring your insurance program is marketed effectively, evaluated properly, and compared based on coverage, exclusions, carrier strength, deductibles, and claims handling, not just price.

Read the full article here: https://www.brigsllc.com/blog/why-more-insurance-agents-doesnt-mean-more-insurance-bids-for-condominiums-and-hoas-ej9g4

"We need three insurance bids."

It's one of the most common requests condominium and HOA boards make—but more insurance agents doesn't always mean more insurance options.

Because of a process called market blocking, multiple brokers often end up competing for access to the same insurance carriers. In many cases, this can actually limit the number of meaningful proposals available to your association.

The key is working with an experienced broker who can access a broad range of qualified insurance markets and help your board evaluate coverage, pricing, and risk appropriately.

Read our latest article to learn why more agents doesn't always mean more competition in the insurance marketplace.

Read the full article here: https://www.brigsllc.com/blog/why-more-insurance-agents-doesnt-mean-more-insurance-bids-for-condominiums-and-hoas

At BRIGS, we’ve seen firsthand how proactive planning and timely project ex*****on of major capital projects help communities protect property values, avoid emergencies, and maintain resident confidence. Today on the blog, CEO Scott Wolf shares common pitfalls and solutions condominium associations face. Read the full post here: brigsllc.com/blog/cost-of-delaying-capital-projects

Thanks for going above and beyond, Guillermo! ⭐⭐⭐⭐ If you have feedback for BRIGS or any member of our team, please leave it on our site here: https://tinyurl.com/3m2xwwdr