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Illinois Condo Associations – Understanding your property Insurance Deductibles

by Steve Mikuzis | Jun 20, 2022 | Habitational Insurance

Whether you are on the board of a Condominium or Homeowner’s Association (HOA) or own property in one, you should take the time to understand the By-Laws of the Association and how the insurance policies in place for that Association work at the time of a claim. ...

Illinois Flood Insurance – Do you need it?

by Steve Mikuzis | Jun 16, 2022 | Habitational Insurance

According to the Illinois Department of Natural Resources, Illinois has one of the largest inland systems of rivers, lakes, and streams in the U.S. – with nearly 15% of the total land area of 7,400 square miles subject to flooding. The total stream flow in IL averages...

Illinois Homeowners Association & Condo Association Insurance Requirements

by Steve Mikuzis | Jun 16, 2022 | Habitational Insurance

In the state of Illinois, Homeowners Associations (HOA) and Condo Associations – organizations that are typically governed by the owners and/or residents within a neighborhood or gated community are required by law to carry specific types of insurance: ...

Investment properties are Underinsured…and it’s a problem!

by Steve Mikuzis | May 8, 2022 | Habitational Insurance

To say the past 18 months have been a seller’s market is an understatement when it comes to real estate habitational property.  As people left the cities, small apartments & condos for larger homes in the suburbs and countryside to accommodate the need for...
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Recent Posts

  • Power Risk Management announces the acquisition of Anchor Insurance, Inc.
  • Galina Barash joins the Power Risk Management team.
  • Peter and Dean Mikuzis join Power Risk Management.
  • Power Risk Management receives Carrier Accolades for 2023
  • Can an Insurance Carrier Force You to Raise the Value of your Buildings?

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    Power Risk Management Services LLC.
    Chicago Office: 5343 W. Devon Avenue, Chicago, Illinois 60646 | 773-273-8777
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