mem property management, one of the leading property management companies in New Jersey, recently announced the launch of mem insurance services, a strategic partnership with NFP, a highly-rated insurance broker providing customized property and casualty solutions through its licensed subsidiaries and affiliates. NFP, with over 5,400 global employees is the 6th largest US-based privately-owned broker, 10th largest property and casualty agency and 13th largest global insurance broker.
“We are very excited to partner with NFP to launch mem insurance services and bring additional value to our managed properties,” says Martin Laderman, founder and CEO of mem property management, “the new venture reflects our 360-degree approach to property management. Our partnership assures our managed communities of preferred pricing for all their property and casualty insurance needs and the highest level of service and claims processing.”
The usual HOA master policy provides coverage in the event of damage to the parts of the property shared by all owners, such as roofs, common walls, lobbies or atriums, stairways, elevators, basements, fitness centers and pools, ponds or lakes, playgrounds, and clubhouses.
mem insurance services goes far beyond the ordinary, by offering some of the most comprehensive HOA coverage choices available. HOA policy highlights include:
- Building ordinance coverage to help when new or updated regulations increase the cost of repairing or replacing an older building.
- Policies for HOAs based on location rather than individual structures, so multiple buildings can share a single coverage limit — and just one line on insurance forms.
With mem insurance services HOAs can also customize their policy, for example:
- Directors and officers liability insurance can help cover costs if lawsuits or dispute claims are filed against an HOA’s board members.
- A guaranteed replacement cost option might help restore a building to its original condition if costs exceed the policy limit.
mem has spent 28 years putting customers first. For over twenty-five years, mem property management has been providing New Jersey’s top associations and residential communities with a range of services including: vendor management and contractor supervision; building inspections and maintenance needs analysis; financial management and association budget preparation and review; and day to day management and oversight.
Through a series of strategic acquisitions and attracting many of the most experienced property management professionals in the region, mem has become one of the fastest growing private companies in the country recognized in the prestigious Inc. 5000 list, while retaining the personalized touch and customized, hands-on approach that has contributed to its success serving multi-family properties in New Jersey.
“We are continually looking for new ways to serve our communities,” says Laderman. “In addition to mem insurance services, over the past year we launched mem construction services, mem construction services, a new partnership with FreshDirect and resale services. We are looking forward to continued growth and success.”
About mem property management
mem property management supports a diverse range of communities throughout New Jersey, from ocean-front condominiums to large master-planned communities to age-restricted active adult communities.
Through a series of strategic acquisitions and attracting the most experienced property management professionals in the region, mem property management has become one of the fastest growing private companies in the country, recognized in the prestigious Inc. 5000 list, while retaining the personalized touch and customized, hands-on approach that has contributed to its success serving multi-family properties in New Jersey.
To learn more about mem property management corporation, please visit http://www.memproperty.com/ or call 201-798-1080.