Luxury Condos and Co-ops

Offered by Chubb Group

Luxury Condos Co-Operatives

Description

The Chubb Group of Insurance companies rolled out insurance packages for the owners of luxury condo and co-op apartments. The policies address coverage gaps created by building associations reducing their commercial insurance limits and increasing their deductibles during the last few years.

Masterpiece Condominium Preference and Masterpiece Cooperative Preference provide high limits of property and liability insurance coverage. They include $100,000 in coverage for assessments to all unit owners for incidents that may not be adequately addressed by a building association or its master insurance policy. Separate $10,000 limits apply for assessments resulting from deductibles under the association's policy.

Admitted in New York

Deductibles range from $500 to $50,000. The minimum limit is $300,000 for alterations and additions, $400,000 for contents.

Carrier Information

Several Chubb Companies including Federal andVigilant

Admitted

Rating A++

Rating By A.M. Best

Offered By

Chubb Group

4 listings in 50 states + DC

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Availability 2 states

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Covered

Not Covered

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