Condo Association Insurance

Tennessee, Arizona, Illinois, Indiana, Iowa, Kansas, Kentucky,
Michigan, Minnesota, Missouri, North Carolina, Ohio, Virginia, Wisconsin

Our comprehensive condo association insurance program offers property, liability, and directors and officers insurance for both habitational condo associations and commercial condo associations. Our current clients appreciate…

  • Quick turnaround on quotes
  • Competitively priced
  • Monthly payment plan

Habitational Condo Association Insurance

habitational condo association insurance


  • Residential Apartments, Condominiums, Townhouses
  • Maximum building limit of $5,000,000 ($20 million per complex)
  • No more than four stories
  • No more than 60 units per building
  • Office/Mercantile occupancy less than 25% of total square feet
  • Habitational above restaurant not eligible

Commercial Condo Association Insurance

retail condo association insurance


  • Building & Personal Property up to $10 million per location
  • Average occupancy rate of 75% or higher
  • Mixed commercial/habitational – four stories or less
  • Mixed commercial/habitational – no more than 60 living units
  • Mixed commercial/habitational – no habitational above restaurant
  • Tenants – gasoline station, office, retail, service, wholesale, hotel or motel (less than four stories)
  • Other tenant business operations require underwriting approval

Phone or email Kevin Morency to get started on your quote.

Since each condo association is unique, he will discuss your needs and can tailor an affordable business insurance solution that offers peace of mind, yet still deliver a quote quickly.

Condo Association Program Highlights

Property & Casualty

  • General Liability
  • Damage to the property of others
  • Employment Practices Liability
  • Directors and Officers Liability – Not for Profit
  • Property
  • Crime
  • Inland Marine
  • Auto
  • Umbrella

Standard Property Coverages:

  • Actual Loss Sustained Business Income for up to 12 months
  • Business Income from Dependent Properties – $5,000 included with higher limits available
  • Equipment Breakdown
  • Peak Season – 25% of Business Personal Property Limit
  • Newly Acquired or Constructed Property – $250,000 Building, $100,000 Business Personal Property
  • Removal of Insurance-to-Value Provision – no coinsurance

Optional Property Coverages:

  • Blanket Insurance
  • Business Income – Extended Period of Indemnity
  • Extended Replacement Cost Valuation – Building
  • Ordinance Or Law
  • Outdoor Signs
  • Utility Services – Direct Damage and Time Element
  • Water Backup from Sewers or Drains

Standard Liability Coverages

  • Aggregate Limit of Insurance – 2X occurrence
  • Broadened Named Insured – includes volunteers

Optional Liability Coverages:

  • Aggregate Limit of Insurance by location
  • Condominium Directors and Officers Liability
  • Electronic Data Liability
  • Employee Benefits Liability
  • Employment Related Practices Liability

Other Insurance Options:

Included on Inland Marine and Crime Standard Coverages:

  • Accounts Receivable – $25,000 included with higher limits available
  • Computer Hardware and Software included within Business Personal Property
    • Data – up to $10,000 included
    • Interruption of Computer Operations – up to $10,000 included
  • Valuable Papers and Records – $25,000 included with higher limits available
  • Money and Securities – $10,000 on premises and $5,000 off premises with higher limits available
  • Employee Dishonesty – $5,000
  • Forgery and Alteration – $5,000

Other Insurance Options available:

  • Electronic Data Processing
  • Scheduled Property
  • Computer Fraud and Funds Transfer Fraud
  • Employee Dishonesty
  • Forgery and Alteration
  • Umbrella
  • Commercial Auto
  • Workers Compensation

Affordable Insurance Coverage

Our specialty business insurance coverage offers convenient, no interest payment options with flexible payment terms. So it’s easier to manage your bottom line.

Flexible Payment Terms—Pay as little as monthly

Choose the payment option that fits your budget. Because sometimes a smaller monthly payment is easier on you.

  • Annual
  • Semi-annual
  • Quarterly
  • Down payment plus 9 equal payments (10 payments)
  • Monthly (12 payments)

Convenient, No Interest Payment Options

Pick the method that works best for you…

  • Electronic funds transfer—$1 fee per installment
  • Online or by phone—$7 fee per installment
  • Charge to credit card—$7 fee per installment

Prefer to Manage Only One Bill?

Complete coverage may be available for your business insurance needs in one comprehensive insurance package.

Note: Some payment options may not be available in all states.