Community Associations Umbrella Insurance

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.

Have questions? Contact Megan Davis for more information.

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Community Association Umbrella Application

Community Association Umbrella Brochure

Product Details

ELIGIBLE CLASSES

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 Owner Associations

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

AVAILABLE "FOLLOW FORM" COVERAGE

  • Directors & Officers Liability (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

CARRIER

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

TERRITORY

All 50 states (except AK, NY)

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.

The Fair Housing Act prohibits discriminatory housing practices because
of a person’s race or color, religion, sex, national origin, familial status,
or disability. Low-income and subsidized housing is eligible.

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