Presidential Insurance is a private insurance agency specializing in master policies for your HOA. These policies include the Directors and Officers coverage, and are suited to well-maintained properties in Middle and East Tennessee. Coverages include an aggregate value based on full replacement cost coverage as calculated by our underwriters, and also includes all the “bells and whistles” one would expect to find on a premier policy at lower cost than any competitor we’ve found. As a 25 year agency we’re here for the long haul.
Coverage is underwritten by one of the largest (admitted) insurance carriers in the world with the ability to insure your project/HOA totally from A to Z. As a small agency, personal service is what we sell. Individual unit coverage also available for your owners at superior pricing.
Small complex: in Tennessee with 15 structures including 38 units and $8 million + coverage for $3500 LESS than Nationwide (the prior carrier). State Farm quoted the same at 3X our rate.
Large complex: Of two and three unit dwellings currently paying $90,000 annually currently being quoted at $66.000 with our underwriter.
Individual unit: Coverage for with dwelling coverage at $260,000 written at $465 annually replacing a State Farm policy at $848.
If your HOA only needs coverage for a clubhouse and some common area, we can insure that competitively.
Please call Randall Jones for an immediate consult and offer of coverage.