Jul 09 2026 17:24
Condo-Minium Hassle, Maximum Market Access
Condo Insurance: Property & GL Solutions for Agents
Condominium accounts can bring a wide range of underwriting challenges, from large property schedules and shared common areas to unique liability exposures tied to unit owners, guests, vendors, amenities, and association operations. For agents, finding a dependable market that can address both Property and General Liability needs is critical to keeping condo accounts protected and moving forward.
At Souders Underwriting Group, we help agents access condominium insurance solutions designed for complex property and casualty exposures. With Property coverage options offering up to $50M in primary capacity or a $50M participation on risks up to $500M TIV, along with flexible General Liability options, we can help you find solutions for a broad range of condo risks.
Strong Property Solutions, Floor by Floor
Condo properties often involve multiple buildings, shared structures, clubhouses, pools, parking areas, fitness centers, and other common elements that require careful property coverage considerations. Whether your client is managing a smaller condominium association or a larger schedule with significant total insured values, having access to strong property capacity can make a major difference.
Our markets can offer property solutions with meaningful limits, streamlined underwriting access, and the ability to consider more challenging property risks.
Key Property Highlights
Condominium Property coverage options include:
- Limited Access Facility
- TIVs up to $500M
- Primary limits up to $50M
- 100% Replacement Cost Coverage
- Markets available for high-risk properties with a $35K minimum premium
Why Agents Choose SUG for Condo Property Placements
When condo accounts are time-sensitive, complex, or difficult to place, agents need more than capacity. They need a responsive brokerage partner that can help move the submission forward.
- Speed - With direct access to underwriters, we help create faster response times and a smoother quoting process for agents.
- Simplicity- One decision maker and fewer moving parts can help reduce back-and-forth and make complex condo property placements easier to manage.
- Continuity - With one underwriter for the first $50M of coverage, agents benefit from a more consistent underwriting process.
- Strength - Coverage is underwritten by a leading Lloyd’s of London syndicate, giving agents access to strong market support for larger condominium property accounts.
Common Areas, Uncommon General Liability Solutions
In addition to property concerns, condo associations may face liability exposures connected to shared spaces, amenities, maintenance responsibilities, slip-and-fall claims, vendor operations, and day-to-day association activities. General Liability coverage can help respond to covered third-party bodily injury and property damage claims arising from these types of exposures.
Our available General Liability options are designed to provide flexible casualty solutions for condominium risks, including both occurrence and claims-made coverage forms.
General Liability Policy Highlights
Available General Liability options include:
- ISO Commercial General Liability and Products/Completed Operations Liability
- Occurrence and Claims-Made coverage forms available
- Limits of $1,000,000 per occurrence / $2,000,000 aggregate
- Deductibles ranging from $0 to $25,000
- Up to 1,000 units maximum
Available Coverage Enhancements
Additional coverage enhancements may include:
- Hired Auto & Non-Owned Auto up to $1M
- Employee Benefits Liability
- Stop Gap Employers Liability
Why Condo Insurance Coverage Matters
Condominium accounts are not always straightforward. Associations often have responsibility for shared buildings, common areas, amenities, exterior structures, and operational exposures that can create both property and liability challenges. Inadequate coverage, limited capacity, or slow underwriting responses can leave agents scrambling at renewal or struggling to place accounts with unique needs.
That is why having access to markets that understand condominium exposures is so important. Strong Property capacity and flexible General Liability options can help agents build more complete solutions for their condo association clients, especially when dealing with larger schedules, higher TIVs, prior claims, high-risk property characteristics, or unique casualty concerns.
Condo Risk on Your Desk?
Whether it’s a small condo association or a larger, more complex schedule, we have markets ready to help with Property and General Liability solutions. If you have a condo risk sitting on your desk, there’s no harm in letting us take a look. Send it our way and let us put our market access to work for you.
To get started, please send:
- ACORD Application
- Loss Runs
- Statement of Values
- Habitational Supplemental Application
The more information you can provide with the submission, the better. Send us your condo insurance risks and let us put our markets to work for you.
