Homeowners & Condo Associations
Comprehensive protection for associations of every size.
Condominium associations come in all types and sizes — office, retail, and residential condominiums, and mixes of residential and business. A complex policy is needed to properly protect an association, whether through a single comprehensive package or by bundling several policies from various carriers.
A master policy provides coverage for the buildings and common areas — hallways, elevators, sidewalks, roof, pool, and recreational areas — including association-owned equipment and equipment that services the buildings. The joint-ownership aspect of a condominium is what requires protection under a Condominium Association Policy.
Coverages
Crime & Fidelity
Covers theft or loss of association funds due to financial misconduct.
Liability
Protects the association against actions for bodily injury or property damage resulting from negligence, including injuries occurring on or adjacent to the property.
Flood Policy
Protects association buildings and property from flood damage.
Boiler & Machinery
Covers association equipment that services the building, such as elevators.
Umbrella Coverage
Adds layers of liability and defense-cost protection, allowing higher limits at a reasonable cost.
Cyber Liability
Protects the association against suits for failing to protect the private information of members or associates.
Workers' Compensation
Covers costs from injuries to employees, subcontractors, or others working for the association.
Directors & Officers
Protects directors and officers for decisions made while operating in their official capacity if they are sued.
Frequently asked questions
What does an association master policy cover?+
The buildings and common areas — hallways, elevators, sidewalks, roof, pool, recreational areas — plus association-owned equipment.
What coverages should a condo association consider?+
Crime & fidelity, liability, flood, boiler & machinery, umbrella, cyber liability, workers' comp, and directors & officers.
Why do directors and officers need coverage?+
Directors & Officers coverage protects board members if they're sued over decisions made in their official association capacity.
Ready to get protected?
Let's talk about your coverage needs. We shop the market for the best policy at the best price.