Condominium Association Insurance
Specialty Insurance Solutions for
Condominium Associations
Many residential, commercial, and mixed-use condominium associations are facing rising insurance premiums and fewer coverage options. DeCotis Specialty Insurance offers agents in-house binding solutions and access to competitive Condominium Association Coverage from AM Best A-Rated markets. We serve your clients with associations ranging from three units to large complexes with 100 or more units, including those in challenging coastal areas.
Target Classes
FOR CONDO ASSOCIATIONS
We help our agency partners meet the specialty insurance requirements of the following entities:
- Residential and commercial condominium associations
- Property owners and managers of condominium buildings (Lessor’s Risk Only)
Coverage Options
DeCotis offers surplus lines solutions to help agents meet the distinct Property and Liability Insurance requirements of condo communities, board members, and property managers.
- Property Insurance: Covers damage to shared structures from fire, storms, vandalism, and more
- General Liability Insurance: Protects against claims related to injuries or accidents on common property
- Excess and Umbrella Liability Insurance
- Directors and Officers (D&O) Liability: Shields board members from lawsuits related to management decisions
- Crime and Fidelity Coverage: Protects against theft or fraud by employees or board members
- Equipment Breakdown: Covers HVAC, boilers, and other critical systems
Product Highlights
To read more product highlights, please download and save the coverage sheet.
- Property up to $100 million in total insured value (TIV)
- Full Value, Primary, Quota Share, or Excess basis
- Flexible deductible options
- Coastal locations acceptable
- Wind and Hail Only Coverage available
SUBMISSION REQUIREMENTS
Download the ACORD 140 — Commercial Property Application with SOV and provide three years of loss runs and any additional relevant information. Send the application to: Quotes@DeCotis.com.
Getting a Quote Is Simple
Select one of the following options to request a Condominium Association quote for your clients:
States where
we do business
States where we do business
- Connecticut
- Delaware
- Maine
- Maryland
- Massachusetts
- New Hampshire
- New Jersey
- New York
- Pennsylvania
- Rhode Island
- Vermont
- District of Columbia
- Florida
- Georgia
- North Carolina
- South Carolina
- Virginia
- Arizona
- Colorado
- New Mexico
- Oklahoma
- Texas
CROSS-SELL OPPORTUNITIES FOR SURPLUS LINES
Your condo association clients may also require these products.
Management Liability Insurance
Packages a variety of coverages, including Directors and Officers, Employment Practices Liability, Fiduciary Liability, and Crime, to address the special risks that directors, officers, and managers face.
Private Flood Insurance
Provides residential and commercial property owners and lessors an alternative to the traditional National Flood Insurance Program and typically offers broader protection and higher coverage limits.
Does DeCotis Deliver? Hear From Our Agency Partners.
THE POWER OF CHOOSING DECOTIS
- Responsive Support from Experienced Underwriters
- Customized Coverage Options
- Access to AM Best A-Rated Carriers