City Condominium Insurance

Advantages of our Condo Package Insurance Program:

• Competitively priced package policy that includes coverage for Equipment Breakdown, Back-up of Sewer and Drains, & Ordinance or Law A, B & C
• Policy holders have access to vetted, qualified tradespeople via Sedgwick Repair Services
• Easy-to-complete application on our on-line portal
• Automatic renewal process
• Availability of Personal Lines forms for owner-occupied properties for contents coverage and additional liability coverage
• Now permitting pools (subject to safety requirements)
• Replacement Cost valuation
• Electronic policy delivery
• Rentals and condos are eligible for Express City Insurance Umbrella

Coverage & Limits of Condo Package Insurance:

• “All risk” policy form unless the loss or damage is excluded or limited by other provisions
• Ordinance or Law
  • Included loss to undamaged portion of building
  • Additional limits for demolition cost
  • Additional limits for increased cost of construction
• Replacement Cost with Agreed amount endorsement
• Back-up of Sewers and Drains included
• Minimum AOP deductible $1,000 with $2,500 water damage deductible; AOP deductible options up to $25,000
• Terrorism (TRIA) coverage included automatically
• Equipment Breakdown/building machinery, heating/cooling systems, miscellaneous electrical apparatus

• Optional & flexible Flood and Quake coverage – sub-limit applied and extended after underwriter review
• Hired & Non-Owned Automobile
• Crime
• Employee Benefits
• Rentals and condos are eligible for Express City Insurance Umbrella

• Size: 2-100 units
  • Frame 2-30 units
• Construction: joisted masonry or better; no age limit on building, subject to system upgrades
• Brick veneer in Denver, CO; Minneapolis and St. Paul, MN
• Frame in Los Angeles, Fresno, San Bernandino, San Francisco, and San Jose, CA; Boston, MA (condos only); Charlotte, NC; Greensboro, NC; Raleigh, NC; Cincinnati, OH; Cleveland, OH; Columbus, OH; Portland, OR; Nashville, TN; Arlington, VA; Richmond, VA; Seattle, WA; Milwaukee, WI; Madison, WI
• Classes: apartment buildings, condos, co-ops, brownstones, mixed use
• TIV up to $25M
  • Frame with mercantile – $6M
  • Frame without mercantile – $15M

Eligible Metropolitan Areas:

* Jersey City, Hoboken, Weehawken, West New York, Union City, North Bergen, Cliffside Part, Fort Lee, Bayonne and Edgewater

** Only available for rental occupancies

*** Personal Lines not available

• $1M per occurrence/$2M aggregate on Bodily Injury, Property Damage, Personal and Advertising Injury
• Medical Payments
• Employee Benefits Liability optional
• Hired & Non-Owned Automobile optional

• $1M per occurrence
• Personal Inland Marine (fine arts, furs, jewelry, silver, bicycles, antiques, musical instruments, cameras)
• Additional Living Expense