Master Property Policy
The bylaws and state condo act both obligate the association to insure the buildings and common elements. The coverage form must match what the CC&Rs promise owners.
What Condominium Association insurance covers
The full condo association insurance program, read one line at a time. What each policy is for, and how we rank it by priority.
- Coverage lines
- 9
- Priority tiers
- Core · Recommended · Situational
- Placed across
- 60+ carriers
Trusted by 60+ carrier partners
Core
Required for virtually every association
Directors & Officers (D&O)
Volunteer boards make decisions about money, rule enforcement, and unit sales every month. D&O is the line that defends them personally, and lenders increasingly ask whether it is in force.
Read the Directors & Officers guideGeneral Liability
Common-area injuries are the most frequent claim an association sees. GL is required by the bylaws and by any lender financing units in the building.
Read the General Liability guideRecommended
Needed for warrantability and most lender approvals
Fidelity / Crime Bond
Fannie Mae, Freddie Mac, and FHA all require fidelity coverage for projects over 20 units. Without it, owners cannot get conforming loans and the project loses warrantable status.
Read the Crime & Fidelity guideOrdinance or Law
Older buildings carry the largest code-upgrade gap. After a fire or storm, rebuilding to current code can cost far more than the structure was insured for.
Equipment Breakdown
Elevators, boilers, and central HVAC fail without warning and sit outside standard property coverage. Mid-rise and high-rise associations treat this as core, not optional.
Situational
Depends on location, height, and amenities
Umbrella / Excess Liability
Recommended once the building has a pool, parking garage, or a unit count that raises the chance of a claim exceeding the primary limit.
Read the Umbrella Insurance guideFlood / Difference in Conditions
Required by lenders for buildings in a FEMA special flood hazard area, and worth carrying for any low-lying or coastal property.
Workers Compensation
Standard once the association has an on-site manager or maintenance payroll, and useful as protection against uninsured contractor injury claims.
Read the Workers Compensation guideGo deeper
Read any line in full
Each coverage has its own guide with limits, exclusions, and the claims it actually pays, across every business we place it for.
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