HOA and Condo Associations spend their time making sure their residents are comfortable and happy with where they live. In the event of a claim, we want to make sure the owners have a worry-free experience with their repairs.

At Lakeside Insurance, we’ve taken the guesswork out of the insurance decision, providing all the information needed about our protection and services to help you make an informed decision.

Coverages

We feel that the following coverages are the most important when it comes to Associations. The following are coverages that we would include for Homeowners Association with Property and Condo Owners Associations.

• General Liability: Someone slips either in the community or in the building and injures themselves the General Liability would cover that.
• Property (Building or Business Personal Property): This would be common areas, the exterior piece of townhome and some single family neighborhoods, but also the whole structure of a condo building. Other companies are starting to apply high Wind & Hail deductibles and unreasonably raising pricing.
• Umbrella/Excess Liability: This would be additional liability coverage above and beyond the General Liability.  Due to increased litigation we are seeing an upward trend of 7 figure claims.
• Fidelity & Crime Bonds: Misappropriation of community dues.
• Data Breach/Cyber Liability: Do you allow your homeowners to make their monthly dues online and keep their account/card information in the system? Then this is a coverage that is needed. It will protect you in the event that your system is hacked and resident information is stolen.
• Directors and Officers Coverage: Board members may be litigated against both collectively and individually for decisions made in their volunteer capacity.  This is a critical coverage to protect these individuals.
  

HOA and Condo Owners Association Contact

Regardless of the size of your community, you need coverage that specifically matches your unique risks and concerns. As a trusted choice, independent agent, who specializes in HOA’s and COA’s, we can help to assess your risks and get the right coverage plan in place.