After 15 years with Smith Insurance and over 40 years in the industry, Roger Perrymore has retired. Roger started his insurance career in 1969 at Liberty Mutual where he worked with Steve Smith, Sr. Additionally, he ran his own agency, Bradford & Perrymore, for 10 years. In his tenure with Smith Insurance, Roger proved to be a very valuable asset to the agency, working closely with Steve Jr. and becoming a Worker’s Compensation “expert.” In his retirement, Roger will still lend a hand at Smith Insurance. He also plans to visit his home in Maryland more often, spend time with his granddaughter, Alex, and play the guitar. 

Smith Insurance is very excited to announce that Lisa Albert has joined the agency. Lisa has been in the insurance industry for over 20 years. Lisa is a consummate professional and specializes in insurance and risk management in the area of community associations and multi-family housing. She has been an active participant in numerous symposiums and seminars for the Community Association Institute (CAI). Prior to joining the team at Smith Insurance, Lisa was with State Farm Insurance and Oxford Insurance Agency. 

Lisa is working as a Commercial Account Manager at Smith Insurance. Her vast experience and knowledge of the Community Association Insurance marketplace will be a tremendous asset to Smith Insurance. Please call and ask for Lisa if you have any questions about Condominium or Homeowners Association insurance.

After 15 years as Office Manager at Smith Insurance, Jan Fusco started a new chapter of her life as a retiree.  Described by co-workers as a sweet, helpful and highly organized person, Jan is also an avid quilter and plans to spend the majority of her time quilting as she enjoys her retirement. While she was known as the “hub of the office” and the go to person for many questions, Jan had a great way of making personal connections with those around her whether it was bouncing another employee’s newborn baby on her lap while typing on her computer, or designing and making a unique and personal quilt for someone, she is truly a one of a kind person and employee. Jan will be missed by everyone at Smith insurance and we wish her the best of luck in her retirement!  

As part of Smith Insurance Associates marketing campaign, they launched their first release highlight the qualifications of the agency to serve community associations. The CIRMS is a designation awarded by the Community Associations Institute who demonstrate the highest level of competence in community association insurance and risk management. To see this release, click here.

The following information is supplied by the International Risk Management Institute and is well worth repeating.

An increasing number of homeowners are now members of homeowners' associations (HOAs). An HOA is a corporation formed by a real estate developer for the purpose of marketing, managing, and selling of homes and lots in a residential subdivision. Membership in the HOA is often a condition of sale. Since the mid-1960s, HOAs have become increasingly common. Although there are many benefits, membership does entail some added risks, particularly the exposure to paying for losses to common areas. In this case, assessments are made to each of the HOA members.

Many homeowners policies provide only limited coverage for loss assessments. If you are a member of the HOA, consider the following tips on dealing with the risk of numerous and/or expensive loss assessments.

Look into a loss assessment coverage (HO 04 35) or similar endorsement. The unendorsed Insurance Services Office, Inc., homeowners policy pays up to $1,000 for loss assessment in connection with damage to the residence premises. The loss assessment endorsement allows this amount to be increased.

Work with us or your attorney to make sure the HOA's insurance policy and limits are adequate, even if there is no or little community property. Factors to consider include: (a) the amount of coverage the association has and (b) the number of members. The higher the limits under the master policy and the larger the number of members, the better each member is protected against assessments.

Not sure what you need, give us a call and one of our associates will be happy to assist you.

Cyber crime is on the rise and you need to ensure that your business data is secure.  If you are a small business, you can be especially at risk since you might not have the resources or infrastructure in place to protect yourself.According to the Ponemon Institute's First Annual Cost of Cyber Crime Study, published in July 2010, a business can expect to pay an average of $204 per customer record that is lost or stolen.Among the threats against businesses are identity left, theft of business's intellectual property, the creation/distribution of viruses and malicious code, and the publishing of private data in a public forum online.If you do not have cyber coverage in place, give us a call and we can review your business and design a cyber insurance portfolio that protects you and your business.Source: iamagazine

Smith Insurance received the prestigious Business Partner of the Year award from the Pennsylvania and Delaware Valley Chapter of the Community Association Institute (CAI) in December 2011. This award is given to a CAI Business Partner that has provided extraordinary service and support to an individual community association and the industry as a whole.

In addition to receiving Business Partner of the year, Carrie Smith of Smith Insurance won the Rookie of the Year award. The Rookie of the Year award is given to a volunteer in his or her first year of service who has gone above and beyond what is asked and expected of chapter volunteers.

A complete list of PA/Delaware Valley Chapter of CAI award recipients can be found at:

Brian Friel from Smith Insurance was invited to present to the Greater Philadelphia Condominium Association (GPCMA) on Mold and Insurance in October 2011.  Brian discussed the first major legal case of a mold claim and explained how it has impacted the insurance industry over the past decade.  In addition, he discussed the specific  mold insurance regulations for the states of Pennsylvania and New Jersey.  Brian  also went into details regarding insurance coverages for mold exposures and summarized how Condominium Associations and Cooperative Apartments can protect themselves from costly mold claims.  If your Community Association would like a copy of the presentation or would like Smith Insurance to provide a similar seminar, please contact Carrie Smith at (215) 542-5959 x124. 



Hurricane Irene appears as though it may be heading up the east coast. Now is the time to start preparing to protect all of your property including your home, autos, and boats. If you want to follow the trajectory of the storm, click here and you will be directed to 

You may also want to check a great resource that is available from the National Oceanic and Atmospheric Administration (NOAA) by clicking here.

As a precaution you may want to write down, or put in your smart phone, information on your insurance policies including homeowners, flood and autos. Key information needed in the event of a claim is the insurance company, their claims phone number and your policy number. In the event of a storm our office may be closed temporarily - reporting any claims to the insurance company directly will facilitate your claim processing.   As soon as we are able we will be available to assist you with any claims and related questions.

And, above all be safe.

Smith Insurance to participate at the CAI of PADel Valley Expo, April 14, 2011 at Citizens Bank Ballpark.  Click here for details.