The Challenge: Rising Insurance Costs & High Deductibles

A 60-unit residential condominium in Nassau County was struggling with increasing insurance costs and restrictive deductibles that left the association financially vulnerable in the event of a claim.

The property, constructed with a wood-frame structure, faced:

• A costly General Liability deductible that added to financial risks.
• A high windstorm deductible of 5%, making storm-related claims difficult to afford.
• Skyrocketing premiums that strained the association’s budget.

The condo board needed a solution -one that would bring down costs without sacrificing critical coverage. That’s when they turned to Baldon Insurance Group.

The Baldon Approach: Negotiation & Risk Optimization

Rather than accepting the status quo, we took a proactive, strategic approach to improve the condominium’s insurance program.

1. Identifying Cost-Saving Opportunities

We conducted a full analysis of their existing insurance policies, focusing on areas where costs could be reduced without creating gaps in coverage.

2. Negotiating Substantial Savings

​​Leveraging our deep industry relationships and market expertise, we negotiated:

• A reduction in premium costs, saving the condominium over $35,000
• The complete elimination of the General Liability deductible, reducing out-of-pocket expenses for liability claims
• A lower windstorm deductible from 5% down to just 2%, making storm-related damage far more manageable for the association

3. Strengthening Protection for the Condominium

Beyond cost savings, we focused on ensuring the association had the right coverage in place. By refining their policy structure, we helped enhance financial protection while improving affordability.

The Results: A More Secure & Cost-Efficient Policy

• $35,000+ in premium savings
• Zero General Liability deductible (previously an added financial burden)
• Significantly reduced windstorm deductible (from 5% to 2%)
• A smarter, more efficient insurance program tailored to their needs
• A NY Admitted Carrier

Now, the condominium association enjoys stronger coverage, lower costs, and greater financial stability-all without sacrificing protection.

Is Your Condo Association Overpaying for Insurance?

At Baldon Insurance Group, we specialize in helping property owners and associations secure better coverage at lower costs. If you’re facing high premiums or restrictive deductibles, let’s review your policy and see how much we can save you.

Schedule a 7-minute consultation today to see how much you could save!