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Condos, Community Associations & Apartments

Program for Condo’s, Community Associations, Apartments and Lessors Risk Only

(Binding Authority to $50,000,000 in Property Limits!)

For our Garden style condominiums, cooperatives and homeowners association, we have arranged a program rate for the common area/clubhouse excluding residential units. The program is very competitive with the other stand-alone Boiler products and we have included higher sub-limits than are typically found with our competitors.

We will automatically offer you a quote for a combined Property Damage, Business Income and extra expense with a minimum limit of $5,000,000. We can offer optional combined limits of $10,000,000, $15,000,000, $20,000,000 or higher (up to $50 million). There is just one deductible for a combined loss as opposed to two with other companies. We have added a utility interruption endorsement back to the power grid as opposed to within 1,000 feet of described premises. These are just a few of our enhancements we have put together for this class of business.

For our hi-rise associations & apartments, we have arranged a program rate that is very competitive. Like the garden-style associations we can offer a combined limit of $5,000,000, $10,000,000, $15,000,000, or $20,000,000 all the way up to $50 million for Property Damage, Business income and extra expense subject to one deductible. Higher limits are available with a quick phone call. The utility interruption endorsement attached will also go back to the power grid eliminating that 1,000 feet of described premises. We do have a separate deductible for the hi-rises as described below:

Hi-Rise Deductible

Combined Deductible $1,000 except $25 per HP on Air Conditioning Units and Systems and their related, motors, compressors, pumps and piping (Minimum $1,000)


Comprehensive Form Covering Boilers, Pressure Vessels, Mechanical & Electrical Machines including Air Conditioning, Refrigeration Equipment Electrical Apparatus and Electronic Computer or Electronic Data Processing Equipment excluding Production Machines.

Combined PD, BI/EE and Utility Limit:

  • $5,000,000 or $10,000,000 with an option to increase to $15,000,000 or $20,000,000 -$50,000,000
  • Property Damage Including Property in the Insureds Care Custody and Control and EDP Equipment

Combined Deductible:

  • $1,000 – Condominiums, Co-Ops, HOA’s Garden Style

Sub Limits:

  • $250,000 – Water Damage
  • $250,000 – Ammonia Contamination
  • $250,000 – Expediting Expense
  • $250,000 – Hazardous Substance
  • $500,000 – Ordinance or Law

Business Interruption:

  • Combined – Combined Bus. Interruption Including Extra Expense; (Form BM 1533) Annual Value $
  • Deductible – Combined

Utility Interruption:

  • Electric, Gas, Steam and Water – Coverage is provided back to the originating power grid (not limited to within 1,000 feet).
  • Limit – Combined – as respects EE
  • Waiting Period – 12 Hours

Consequential Damage:

  • $25,000 – Products of the Insured solely while in storage
  • Deductible – Combined
  • Coinsurance – Nil
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