Oct 16 2025 18:00

Condominium Coverage: Property Insurance

Condominium Property Insurance: Tailored Protection for Complex Risks

 

Condominium properties come with unique insurance needs — from shared spaces and high-value structures to multi-location exposures. Our Condominium Property Coverage is designed to provide flexible, comprehensive protection for condo associations, developers, and property owners with high Total Insured Values (TIVs).

 

Coverage Highlights

 

Our programs offer Primary, Excess, and Full Value coverage options, including 100% insured-to-value replacement cost and the ability to write higher TIVs. Whether you’re managing a single high-value property or a portfolio across multiple locations, our solutions are built for efficiency and reliability.

 

Key features include:
  • Markets available for high-risk properties(minimum premium $35,000)
  • Fast, single-carrier claims handling for a streamlined experience
  • Coverage available for multiple scheduled locations
  • 100% Replacement Cost Coverage
  • Exclusion: Wind & hail on pumps, canopies, and signs in 1st tier counties
  • Perils offered:
    • Special Form
    • Wind/Hail Only

 

Coverage Details

 

Total Insured Values (TIVs):
  • Up to $500 million total
    • $15 million for multi-building habitational business
    • $25 million for coastal frame construction

 

Limits:
  • $50 million primary limit
  • Inland properties: Up to $25 million COPE (location dependent)
  • Coastal properties: Up to $5 million COPE (location dependent)

 

Optional Enhancements

Customize your policy with additional protection options to fit your client’s needs:

  • Equipment Breakdown
  • Ordinance or Law(for post-2000 construction)
  • Standalone Coastal Wind & Hail, Earthquake, and Flood coverage

 

Submission Requirements

 

Ready to get started? To consider a submission, please include:

  • Acord Application
  • Minimum of 3 years of Loss Runs(unless new purchase/construction)
  • Statement of Values(SOV)

 

Not Just for Condominiums

 

Have a different type of property or is the property already covered?

We can help with:

Protect your clients’ investments with confidence.


 Reach out to us today to learn more about our Condominium Property Coverage programs or to request a quote.