Community Associations – Package

There are over 330,000 community associations in the U.S., and the number is growing - 24% percent of U.S. homes are part of one. Community associations face a wide variety of exposures. They can range from slip-and-fall concerns to challenges with decisions that the board makes in managing the association. Our broad product meets the needs of these associations by providing general liability, directors and officers liability, property, commercial umbrella and crime coverage.

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

Quoting & Applications

Log in to obtain applications, additional info, or quote online.
*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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