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RCSC board approves 20% insurance premium increase; total 2025–26 premium set at $1.795 million
Summary
The Recreation Centers of Sun City board approved a committee-backed insurance renewal that raises premiums about $301,000 (20%) for the 01/30/2025–06/30/2026 policy period after brokers reported limited market interest and the association's loss history showed elevated workers'compensation claims.
The Recreation Centers of Sun City, Incorporated board voted to approve the association's 2025–26 insurance renewal proposal, which increases the overall premium by $301,007 (about 20%) and sets the total premium at $1,795,204 for the period covering Jan. 30, 2025, through June 30, 2026.
The board's vice president, speaking as maker of the motion, read the insurance committee and broker analysis, saying the premium rise reflected multiple factors: a limited number of carriers willing to write the association's risk profile, a 15% increase in property valuations from a third-party Marshall & Swift appraisal, and elevated workers'compensation experience. "An e mod of 1 is average. Our e mod is 2," the vice president said, summarizing the committee's explanation that the…
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