Budget Talk: Property & Casualty Insurance Coverage and Cost

By Karl Stephens, CMCA, AMS, PCAM
General Manager/COO

Inflation has touched all aspects of our lives in recent years, including the cost of insurance. Thanks to the work of The Landings Association’s Insurance and Finance committees, along with the Board and staff, we recently secured better than expected rates for Property and Casualty Insurance.

The total cost for the 2023 insurance renewal is $727,565. This cost represents a 2.56% decrease over 2022, and savings of $102K below budget, with a decrease in cost of $96,864 since the preliminary pricing was approved.

Join Finance Director Jessica Henderson and me as we chat about this exceptional rate and what was involved in securing it. Click here to watch the video.