Master Property Policy
Buildings and common elements, written to match what the declarations require.
Protecting shared property and the board that governs it — aligned precisely with your governing documents and the statutes that apply to you.
Condo and homeowner associations insure shared property and the board that governs it, on behalf of every owner. Coverage has to align precisely with the governing documents and applicable state statute — any gap falls on the association and, ultimately, the members.
We help boards and managers place a master program that matches the declarations, satisfies the statutes that apply, and protects the volunteers who serve on the board.
Request a coverage reviewThe core protections we typically structure for businesses like yours:
Buildings and common elements, written to match what the declarations require.
Injuries in common areas, amenities, and shared grounds.
Board decisions, elections, and governance claims — including defense.
Theft of association funds by a manager, board member, or employee.
Higher limits for pools, amenities, and common-area exposure.
Building systems, and flood coverage where your location's exposure requires it.
No two operations are identical. If there's a risk specific to your business, we can structure coverage for it.
Talk to an advisorThe details that decide whether a policy actually protects you when it matters:
The master policy must line up with what the bylaws say it covers, or owners are left with gaps the association may owe for.
Many states dictate minimum association coverage and how it's structured. Confirm the program meets the statutes that apply to you — it's not optional.
Coverage must protect the association, board members, and volunteers, including non-monetary claims and defense costs.
Limits should cover the maximum funds on hand plus reserves, as governing documents and statute often require.
In catastrophe-exposed areas this is central — check percentage and named-storm deductibles and whether flood coverage is required and in place.
Coordinate the master policy with unit owners' HO-6 policies so a claim doesn't end in finger-pointing.
It typically covers the buildings and common elements as the governing documents require, plus general liability, directors & officers, and fidelity/crime coverage.
It defines where the association's property coverage ends and the unit owner's begins. The master policy must match the declarations so owners aren't left with gaps.
Directors & officers coverage protects the association, board members, and volunteers against governance, election, and management claims, including defense costs.
Tell us about your operation and a specialist will identify your real exposures and structure smart, competitive coverage around them.