Condo Associations come in all kinds of types and sizes. There are Office Condominiums, Retail Condominiums, Residential Condominiums and a mix of residential and business. It takes a good deal of expertise to properly protect a Condominium Association. This may be accomplished through a single comprehensive package policy or the bundling of several different policies, from various insurance companies. Both options are acceptable as long as all of the options and exposures are addressed. Harris Insurance has been insuring condo associations since the early 1970s; we know how to protect Associations and we are good at it.
A Condominium Association Policy (CAP) or Master policy provides coverage for the buildings and common areas including Hallways, elevators, sidewalks, roof, pools 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 CAP.
Liability protects the Association from action brought against them as a result of alleged negligence or maintenance of the premises. As with all liability, triggering coverage does not require negligence as an accident or injury occurs on or adjacent to the property.
Directors & Officers Liability provides protection for the directors and officers of the Association for their roles and decisions made if they are sued in conjunction with their action or inaction while operating in the capacity of an officer of the Association.
Crime & Fidelity provides coverage for theft or loss of Association funds due to financial misconduct.
Flood policy similar to the CAP policy and protects the Association from damage to association buildings and property caused by Flood.
Umbrella coverage provides additional layers of liability and defense cost protection for the Association allowing higher limits at a very reasonable cost.
Backup of Sewer & drains
Glass & sign coverage
Hired & Non-Owned Auto Liability
Property Manager as an additional insured
Demolition & increased cost of construction
The best way to secure a proposal is to include your contact information and upload copies of your current insurance policy to our Resource Center using the following upload feature
(Upload button to attach scanned documents)
Or email your policy documents to QuoteRequest@HarrisInsurance.com
Alternatively you can download our Association Quick Application and upload or email upon completion.