Condo Association Insurance

Condominium Association Insurance: We’ve Got You Covered

As a condominium unit owners association, protecting your property, assets, board members, and residents is one of your most important responsibilities. A single uncovered claim could result in devastating financial losses—not only for the association, but also for unit owners who rely on you to keep the community protected. That’s why having a comprehensive insurance program designed specifically for condominium associations is essential.

At Advantage Insurance Network, we specialize in helping associations like yours secure the right coverage. Because we are an independent agency, we work with multiple top-rated insurance carriers and use advanced technology to compare policies. That means you receive tailored solutions, competitive rates, and a seamless experience from quote to claim.

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Why Choose Advantage Insurance Network for Condo Association Insurance?

Access to Multiple Carriers
We don’t represent one insurer—we represent you. By shopping multiple companies, we provide side-by-side comparisons so you can find the best coverage and value.

Tailored Coverage
No two associations are alike. We review your bylaws, master deed, property details, and unique exposures to design a customized policy that reflects your real risks.

Unbiased Advice
Our role is to protect your association—not push a single company’s agenda. You’ll get objective recommendations based on your needs, your property, and your budget.

Ongoing Partnership
Insurance isn’t set-it-and-forget-it. We re-shop your coverage regularly, review your risks as your property changes, and assist your board during claim situations.

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Core Coverages for Condominium Associations

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PROPERTY INSURANCE

Protects the physical structures of the condominium buildings owned by the association—roofs, walls, hallways, elevators, stairwells, and other structural components—against covered losses such as fire, wind, theft, and vandalism.

General Liability Insurance

Covers third-party claims for bodily injury or property damage occurring in common areas. For example, if a visitor slips on an icy walkway or is injured in the pool area, liability insurance helps pay for legal defense, medical costs, and settlements.

Directors & Officers (D&O) Liability

Protects board members against lawsuits alleging mismanagement, negligence, or wrongful acts in their decision-making capacity. Without D&O, board members’ personal assets could be at risk.

Umbrella Liability Insurance

Provides additional liability protection above the limits of your primary liability policies. Umbrella coverage is especially important for associations with high traffic areas, pools, gyms, or significant assets at stake.

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Additional & Optional Coverages

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Inland Marine Insurance

Protects movable property such as maintenance equipment, landscaping tools, or items stored off-site.

Crime & Fidelity Bond Coverage

Protects the association against employee/volunteer theft or dishonest acts by board members or staff handling association funds.

Workers’ Compensation Insurance

Required if your association employs maintenance staff, security guards, or other workers. Covers medical expenses and lost wages for work-related injuries.

Cyber Liability Insurance

Condo associations often maintain sensitive resident data (names, addresses, bank account information). Cyber insurance helps cover expenses related to data breaches or cyberattacks.

Flood & Earthquake Insurance

Standard property policies exclude these catastrophic perils. Associations in flood-prone or seismic areas should strongly consider separate policies.

Boiler & Equipment Breakdown

Covers repair or replacement of mechanical systems like elevators, HVAC units, boilers, and pumps if they break down due to covered causes.

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Property Considerations for Associations

• Building Coverage: Protects structural components owned by the association. Depending on your bylaws, coverage may extend to drywall, original fixtures, and common building elements.

• Personal Property Coverage: Covers the association’s owned property, such as office furniture, maintenance equipment, or clubhouse contents.

• Common Area Property: Protects shared amenities like clubhouses, gyms, swimming pools, tennis courts, and lobbies.

• Equipment Breakdown: Ensures critical systems like boilers, HVAC, and elevators are protected against costly failures.

• Outdoor Property: Coverage for fences, signs, light posts, and landscaping.

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Why Condo Associations Need Specialized Coverage

Unlike single-family homeowners associations, condo associations often have complex responsibilities. They must insure portions of the building while unit owners insure others. The division of responsibility can vary widely depending on your bylaws, state laws, and the master deed. Failing to align your coverage properly could leave dangerous gaps—for example, if your bylaws require the association to insure up to “bare walls,” but your policy only covers common elements.

An independent agent experienced in condominium association insurance ensures your policy reflects your governing documents and protects against potential disputes.

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Serving Associations Across Multiple States

From our Cincinnati office, Advantage Insurance Network proudly insures condominium associations throughout Ohio, Kentucky, Indiana, Tennessee, and Michigan. Each state has unique insurance regulations and risk considerations—we’ll help your board navigate them confidently.

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Take the Next Step

Don’t leave your community exposed to risk. With Advantage Insurance Network, you get more than just a policy—you get a partner who understands the unique needs of condominium associations, shops multiple carriers for the best value, and provides ongoing service year after year.

📞 Call us today at 513-922-9460
📧 Request your free condominium association insurance quote

✅ Protect your property, board members, and community with confidence.