Community Associations – Package

Features of Online-Quotable Product

Directors and Officers (D&O) Liability:

• Defense for non-monetary and breach of contract coverages
• Full prior acts coverage
• Lifetime occurrence reporting provision for former board members
• Uncapped defense outside the limit
• Property manager extension automatically included as an additional insured
• Employment practices liability including third party discrimination and harassment
• Up to 1,000 units for residential condominiums, homeowners, office/business parks, mobile home parks
• No exclusion for libel, slander, or defamation

Crime:

• Theft of money, securities and other property by employees of the insured association
• Coverage provided for employees, directors, officers, committee chairs, and volunteers without having to schedule them
• Extension to cover theft of the association’s money/securities by a property manager’s employees
• Coverage in the association’s name to protect the assets of the organization

Property:

• Provides coverage for clubhouses, walls, lights, irrigation, streets, trails and more
• Outdoor enhancement endorsement can provide coverage for fences, pools and signs, etc.
• Property limits up to $1,500,000 (coastal limit $1,000,000)

General Liability:

• Ability to write associations with wide variety of amenities such as pools, lakes, docks and beaches
• Unit owners added automatically included as additional insured
• Hired and non-owned auto liability coverage available in most states
• No liability deductible

Commercial Umbrella:

• Limits up to $5,000,000 with no retention (subject to number of stories)
• Ability to provide limits over USLI’s directors and officers liability with employment practices liability
• Excess coverage over any general liability carrier rated B++ or better

Why does your Community Association need to purchase all of these coverages?

• Community associations are sued by their employees, committee members and volunteers
• Over 60% of the claims against these associations are related to non-monetary issues
• Community associations have an annual budget that is often less than the average cost to defend a claim closed by litigation
• Single dwelling homeowner associations require general liability and property coverage for common areas
• Many condominium and homeowner associations are looking for additional liability limits offered through our umbrella policy

*Coverage may not be available for all accounts or in all states

*Applications will apply to most markets but in certain circumstances additional applications may be needed

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