Apartment Association of Orange County Article in April 2009 Magazine
Established in 1986, Arroyo Insurance Services, Inc. has earned a reputation for excellence in customer service, professional staff and unparalleled direct access to markets that write insurance policies for multifamily, apartment complexes and commercial real estate. Arroyo writes more than $120,000,000 in property and casualty premium and has access to 30+ a rated carriers. In the Orange County area, Arroyo Insurance Services broker Tim Pine has taken a proactive role in understanding and protecting the assets of property owners. Our approach to providing insurance is much more than simply providing quick quotes and offering an unmatched selection of insurance products, we also work with our clients on their long term goals, helping to reduce potential risks and offer suggestion to lower premiums and gain additional discounts. At Arroyo, we work with our clients to perform policy reviews that can uncover numerous areas where discounts can be applied, coverage gaps are present, or an opportunity to move policies to insurance company that has a better product for the client’s needs is uncovered. Our clients become partners in the process and we work together to determine the right insurance company and coverage. With a proactive risk management program, designed to reduce on site risks and avoid potential cost increases at renewal time, we continually strive to be more than just insurance brokers.
As Independent insurance brokers we work for our clients and with the unparalleled selection of insurance providers available to “shop” for the best possible pricing with the appropriate coverages. Many time this process can include a narrative about your experience, the quality of your tenants and other details that help the insurance companies see you as more than just an address and square feet. As an owner you can use the expertise at our agency to give you “no obligation” review of your policy, providing you with the peace of mind that only an independent policy review can provide.
We look at various elements that may not be included in your yearly renewal such as local code and ordinance changes, upgrades and improvement you have made to the property, green upgrades that are not covered under most policies. LEED’s certified building and apartment complexes that are incorporating green technology have special insurance requirements which are often neglected by most insurance companies. With the recent initiatives and rebates for apartment owners to “go green” it is important to understand how these new upgrades can increase your rebuild costs and the value of your property. The green building movement is just one of the areas that apartment owners should consider when evaluating insurance programs.
Owner’s have also approached us to help mitigate risk on coverage’s that may not have been part of their prior insurance programs. For instance, many owners have found that they have significant risk for tenant discrimination and employers practices liability which they were not covered for on their existing policy. We look at not only the properties that are involved but your entire business to provide a program that is right for you.
Whether you are seeking workers compensation, employers liability coverage, property insurance or tenant discrimination coverage we are here to help. Arroyo Insurance Services works with California Insurance Group(CIG), Travelers, Allied and Mercury Insurance to find the best home for your property. Please contact your AAOC member Tim Pine at (949) 340-9662 or by email at timp@arroyoins.com to set up your consultation.
Labels: California Apartment Owners Insurance
