Community Associations Package Insurance

• Submit Package business through our Broker Connect Portal
• Applications accepted 75 days prior to effective date

Submission Requirements

• Completed Application
• 3 to 5 years currently valued Loss Runs
• Copies of Financials
• Association Plat Map

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• Admitted
• A.M. Best Rating: A+ XV
• User-friendly Broker Portal for submissions
• Eligible:  Associations fully developed or under development (no builder’s risk coverage)
• Property Manager as insured
• Insuring Agreement follow forms CC&R

• Condominium Associations (COAs)
• Townhouse Associations (HOAs)
• Cooperatives (CO-OPs)
• Homeowners Associations  & Planned Unit Developments (PUDs)
• Master Associations
• Office Condominiums

*PUD and HOAs only

**Condo package select brokers

• Special Form
• Extended Replacement Cost equals 125% of Building Value
• Defense for third-party breach of contract
• Additional Insured includes
  • By Contract
  • Property Managers
• Property Broaden Endorsement includes:
  • Employee Theft
  • Loss of Maintenance Fees is Actual Loss Sustained
  • Ordinance or Law: A at full limit; B&C 25% of Building Limit/Maximum $1M
  • Pollutant Clean Up $50,000
  • Water Backup of Sewers or Drains $100,000
  • Wind damage to trees, plant and shrubs – covered cause of loss
• Basic AOP deductible as low as:
  • $1,000 for HOA/PUD (w/o habitational bldg.)
  • $2,500 for Condominiums

Higher options available

• Definition of Bodily Injury includes mental injury, mental anguish, humiliation, or shock

• Berkley Insurance, A.M Best Rating A+ XV