MPA: Community Association Umbrella Insurance

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.

Speak to a Representative

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:

A fully completed application and any supplemental applications that may apply.

TO BIND COVERAGE

The following items are required in order to bind coverage:

A written request to bind on or before the effective date.
A fully completed application and any supplemental applications that may apply.
Three years of currently-valued (generated within the past six months), hard copy loss runs.
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.

Community Associations Umbrella Insurance

Speak to a Representative

Community Association Umbrella Application

Community Association Umbrella Brochure

Product Details

ELIGIBLE CLASSES

SPECIAL FEATURES & COVERAGES

AVAILABLE "FOLLOW FORM" COVERAGE

MINIMUM ATTACHMENT

CARRIER

TERRITORY

TO OBTAIN QUOTES

TO BIND COVERAGE

Resources

HOA Management: A Guide to Understanding and Mitigating Risk

HOA Management: A Guide to Understanding and Mitigating Risk

Homeowner's Association Lawsuits: How to Respond Effectively

Homeowner's Association Lawsuits: How to Respond Effectively

The Four Cs of Successful Community Associations

Understanding Governing Documents

Preventing Theft & Fraud

4 Questions You Should Ask

Community Association Governance Guide