Community Association Umbrella Insurance

Brokers & Community Associations can rest easy knowing that having an Umbrella policy reduces their risk when they “Think McGowan.”

McGowan Program Administrators Community Associations Umbrella Program provides coverage from $1 Million up to $100 Million for seven eligible classes:

  • Condominium Associations
  • Cooperatives
  • Townhome Associations
  • Homeowners Associations (HOAs)
  • Master Associations
  • Planned Unit Developments (PUDs)
  • Property Owners Associations

Cover All Your Bases

Unexpected catastrophes can lead to lawsuits that net claimants more than a General Liability policy typically covers. In a scenario like this, McGowan Program Administrators Community Associations Umbrella Program provides the necessary policies to cover a potential multi-million dollar judgment.

Product Overview

Products: Umbrella

Limits: $1MM–$100MM

Carrier: “A” Rated Carriers / Admitted Paper

Territory: All 50 States

Underlying Rating: A- / VI

Available “Follow Form” Coverages

  • Directors & Officers (Including Employment Practices) Liability
  • Automobile Liability
  • Employers Liability

Minimum Attachment

  • General Liability: $1MM/$2MM
  • Auto Liability: $1MM
  • Employers Liability: $100K/$500K/$100K
  • D&O Liability: $1MM

Special Features & Coverages

  • Defense Costs Outside the Limits
  • No Shared Limits- Each Insured Receives Its Own Policy & Policy Number
  • Real Estate Manager Covered As Additional Insured
  • Aggregates Per Location

Partnering with McGowan

When an insured is unfamiliar with a particular insurance product, brokers partnered with McGowan as their go-to insurance resource gain access to McGowan’s risk management services.  With the “Power of The Pen,” McGowan has the unique capabilities to underwrite on behalf of carriers. This means McGowan can bundle together customizable policies that aren’t offered anywhere else. This one-stop insurance shopping choice means brokers can save time while finding the insurance product that best suits their client’s needs.

In today’s world of multi-million dollar judgments, it pays to expect the unexpected. Having an insurance service like McGowan Program Administrators Condominium Association Umbrella Program reduces risks and ensures everyone involved is adequately covered.

Download: Community Association Umbrella Insurance Information

Umbrella Insurance Applications

To Obtain Quotes

Agents may submit Acords, COPE/SOV schedules, or supplementals they have on file for initial pricing  from McGowan Program Administrators. Firm quotations are subject to receipt of the following:

  1. A fully completed application and any supplemental applications that may apply.
  2. Three years of currently-valued (generated within the past six months), hard copy loss runs.

To Bind Coverage

The following items are required in order to bind coverage:

  1. A written request to bind on or before the effective date.
  2. A fully completed application and any supplemental applications that may apply.
  3. Three years of currently-valued (generated within the past six months), hard copy loss runs.
  4. Underlying declaration pages including forms, limits, and schedules of locations/insureds.

Contact:  Jillian Dansko


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