Oronoque Village Condominium Association Proposed Budget 2026-2027
GNY Commits to Capped 2027 Insurance Renewal for Oronoque
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Description
Oronoque Village will continue its primary insurance coverage with GNY, which has agreed to cap the March 2027 property and liability renewal increase at about 3% if loss ratios remain below 55%. The FY 2026-2027 budget includes over $1.09 million in combined OVCA/OVTD insurance premiums across property, liability, umbrella, cyber, crime, flood, D&O, and auto policies.
Contract Details
Vendor
GNY
Agency
Oronoque Village Tax District, CT
Contract Type
INSURANCE
Document Date
January 1, 2026
Contract Term
Property and liability policies renewed 3/1/2026; commitment for renewal in March 2027 with capped increase
Renewal Date
2027-03-01
Renewal Info
All policies renewed effective 3/1/2026. GNY has granted a conditional commitment that the March 2027 property and liability renewal increase will be limited to approximately 3% or less if the Association maintains a loss ratio below 55%.
More from Oronoque Village Tax District
Communications Committee OVCA Report March 2026
Maintenance Meeting Minutes March 9 2026
Maintenance Meeting Minutes March 9 2026
Oronoque Village Condominium Association Proposed Budget 2026-2027
Oronoque Village Condominium Association Proposed Budget 2026-2027
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