Commercial Property Program
Offered by Community Association Risk Advisors
Condominium Associations Commercial Property Warehouses Apartments HOADescription
Insuring large commercial property assets in Florida - including but not limited to condominium buildings, apartments, warehouses, and more.
Distinguished condominium buildings and homeowners associations deserve unparalleled protection, and that’s exactly what CARA provides. From luxurious oceanfront residences to sophisticated urban high-rises, our tailored insurance solutions are designed to safeguard the integrity of the property against coastal risks, ensuring long-term security and peace of mind.
Practice Areas:
Directors and Officers (D&O) for board members
- Defense costs paid outside the policy limits.
- Lifetime occurrence reporting period for extended protection.
- Coverage includes both monetary and non-monetary claims.
- Defense costs available for breach of contract claims.
- Manager and management company automatically included as additional insureds.
- Employment practices liability (EPL) coverage included
Property
- Condominium Associations: Comprehensive property coverage for residential buildings, pools, and outdoor signs and common areas
- Homeowners Associations (HOAs): Protection for non-residential community property, including buildings, fences, signs, pools, and other commonly owned association assets.
- ALL IN COVERAGE available by endorsement, which provides additional coverage meant to include each specific unit owners’ fixtures, alterations, and additions.
Liability
- Comprehensive coverage for homeowner associations (HOAs) with various amenities, including pools, lakes, golf courses, docks, beaches, clubhouses, and sports courts.
- Ability to include unit owners and property managers as additional insureds.
- Hired and non-owned automobile liability available in most states
- Endorsements available for cyber liability and workers compensation
- Umbrella limits up to $100M
Crime/Dishonesty
- Protection against theft or embezzlement of money, securities, and other property by employees.
- Coverage automatically extends to directors, officers, committee chairs, employees, and volunteers—no need to schedule individuals by name or position.
- Rated on the number of people authorized to handle funds
- limits up to $5M
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Details
Carrier Information
Multiple
Non-Admitted
Rating A-
Rating By Demotech , KBRA
Offered By
Availability 1 state
Covered
Not Covered
