Community Associations Fidelity/Crime Insurance

Crime in Community Associations manifests in many ways. Associations are soft targets and are often lulled into a false sense of security. Most often associations are victims of crimes of opportunity due to the failure to use simple checks and balances. Whether committed by directors or officers, employees or community association managers, even the best can take advantage of unchecked opportunities.

Have questions? Contact Patty Satayathum or Sara Traylor for more information.

Get an Online Indication

Community Association Fidelity/Crime Application

Community Association Crime Brochure

Product Details

ELIGIBLE "NOT FOR PROFIT" CLASSES

  • Condominiums
  • Single Family HOAs
  • Cooperatives
  • Masters
  • Property Owners
  • Commercial
  • Timeshares
  • Townhomes
  • Mixed Use

PRODUCTS/LIMITS

  • Primary & Excess Fidelity/Crime Coverage Available: $10,000 To $10MM (Higher Limits Upon Request)

TERRITORY

All 50 States

CARRIER

A.M. Best “A” Rated Carriers / Admitted Paper

EMPLOYEE THEFT/CRIME

  • Theft: Covers theft by Employees and Community Association Property / Managers
  • Crime: Covers theft by non-employees for the coverage grants 2 through 8
  • Definition of Employee Includes: Directors; Officers; Volunteers; Seasonal, Leased and Temporary Employees

TO OBTAIN QUOTES

For an indication, we will accept any crime application with sufficient information to underwrite the risk.

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, signed and dated McGowan application;
  3. Compliance with all subjectivities, if any.

Resources

Community Associations Fraud Checklist

A Funny Thing Happened on the Way to the Bank

Community Association Fidelity/Crime Examples