Condominium Associations

Advantages of our Program

  1. One Agency and point of contact for multiple insurance carriers
  2. Property manager included as an additional insured
  3. Unit Owners included as an additional insured
  4. Directors and Officers coverage Included
  5. We quote with multiple carriers
  6. Multiple coverage forms available including Extended Replacement Cost
  7. No Co-Insurance Clause
  8. “If any?” Workers Comp Coverage Available
  9. Ordinance or Law, Demolition, and Increased Cost of Construction coverage Available
  10. Earthquake and Flood coverage available
  11. High Umbrella/Excess Limits available
  12. All Carriers are AM Best A rated Carriers
  13. Equipment Breakdown

Key Benefits

Here are some key benefits of working with Titus Pacific Insurance Services:

General Liability

  • Comprehensive General Liability – Starting limits of $2M each occurrence/ $4 aggregate
  • Condominium unit owners as additional insureds
  • Property managers included as additional insureds
  • Liability for common areas including swimming pools, tennis courts, playgrounds, etc.
  • Medical Payments - $10,000
  • Employee Benefits Liability available
  • Employment Practices Liability Available
  • Special Events coverage available

Property

  • Extended Replacement Cost/Replacement Cost/Functional Replacement Cost/Agreed Value/ACV
  • Special Form Causes of Loss coverage on buildings
  • No Co-Insurance Clause
  • Inflation Protection
  • Blanket limits are Available
  • Ordinance or Law, Demolition, and Increased Cost of Construction coverage Available
  • Equipment Breakdown coverage included
  • Outdoor Signs

Business Income

  • Loss of income, and extra expense Included

Crime

  • Forgery or Alternation - $5000
  • Computer Fraud - $10,000
  • Employee Theft - $15,000
  • Fire & Theft Reward - $10,000
  • Computer Virus - $10,000

Added Protection

  • Back-up of sewers and drains - various limits available
  • Unit owner improvements - if required by the association
  • Pollutant clean-up and removal - available
  • Flood and Earthquake coverage - available

Automobile

  • Owned/non-owned/hired auto