Homeowner Association Common Area Package

Description

Homeowner Association Common Area Package

Eligible States: Texas

AM Best A Rated

Eligible classes include Homeowner Association Common Areas. Lines of coverage include Property, General Liability, Crime, D&O/ EPLI, Liquor Liability, and Umbrella. Property with Wind and Excluding Wind are offered.

  • Classes Considered:
    • Residential Homeowners Associations Amenities
  • Coverages Offered:
    • Property including OR excluding wind
    • Flood
    • General Liability including non-owned and hired auto
    • Commercial Crime
    • Directors and Officers / EPLI Liability
    • Commercial Umbrella
  • Features and Options:
    • Property Enhancement Endorsement
    • Property deductibles ranging from $1,000 to $25,000
    • Texas:
      • Named Storm and Hurricane Only deductible options of 2%, 3%, 5%, and 10% in Tier 1.
      • Tier 2-4 subject to all other perils deductible
    • Texas: Special flat hail damage deductible applies in certain counties
    • Agreed Amount Property option
    • Blanket Building Coverage option
    • Disappearing Property Deductible
    • Greensurance for environmental friendly upgrades
    • Environmental Impairment Liability/ Pool & Spa Contamination Coverage with Limit Options of $250,000, $500,000, or $1,000,000
    • Ordinance or Law with options of $250,000, $500,000 or $1,000,000
    • Primary Flood if not in a special flood hazard zone $750,000 Limit
    • General Liability Enhancement Endorsement
    • Pesticide Herbicide Liability
    • Employee Benefits Liability
    • Liquor Liability
    • GL Mold liability
    • Optional $2M/4M General Liability option
    • Garagekeeper’s Direct Primary with limit options of $250,000, $500,000, or $1,000,000
    • Employee Theft Coverage
    • Discovery or Loss Sustained Coverage Form
    • Blanket Crime for Employee Theft, Money, Securities, Forgery & Alteration, Money Order & Counterfeit Currency, Funds Transfer Fraud, and Computer Fraud
    • Guaranteed Compliance Employee Theft Option
    • Social Engineering (Deception Fraud) Coverage Option
    • Umbrella included D&O/ EPLI with limit options of $1M, $2M, or $5M
  • Eligibility and Authority Levels:
    • Excluding wind property up to $10,000,000 per building
    • With Wind up to $4M in house- Brokerage markets available for larger accounts
    • Age of building 1970 or newer
    • Frame and Joisted Masonry must have sprinklers if over 3 stories
    • Fire Protection class 1-7 are considered
    • Polybutylene, cast iron, or galvanized piping is not eligible
    • EIFS considered if not over Frame or Non Combustible or decorative only
    • No armed security guards
    • No pools with diving boards or slides
    • Pool drain cover must meet Virginia Graeme-Baker Act
    • Pool rules must be posted and enforced
    • Pool must be enclosed by 4’ fence with self-latching gate
    • $750 Minimum Premium

Coverages Offered

Directors And Officers Liability

Employment Practices Liability (EPLI)

EPLI

Package (All Lines Of Coverage)

Commercial Package Policy

Commercial Umbrella

Umbrella Liability

Binding Authority

Availability

Applications and Informational PDFs

Request A Quote

Contact