Apartment and condo association insurance
One major water-damage event, board lawsuit or common-area injury can drain reserves and lead to a special assessment. We build programs for HOAs, condo associations and multifamily properties that protect the building, the common areas, the association's finances and the volunteer board.
A+ rated carriers · Annual policy reviews · Reserve-study and board support
Condos, apartments and property associations since 1992
Without proper coverage, unit owners pay the price for an underinsured loss. We have worked with Pacific Northwest condominiums, apartments and property associations since 1992, from 12-unit buildings to complexes of 300+ units, and we understand Washington condo law, reserve studies and association governance.
One claim from a special assessment
Illustrative examples of how a single association exposure escalates, and the coverage that keeps it off the owners.
A holiday-weekend pipe burst floods four floors
A burst pipe in a 48-unit condo building goes undetected over a holiday weekend. Water flows through four floors, damaging drywall, flooring, cabinetry and personal property in 22 units. The association's property coverage caps at $1.5M, leaving a roughly $1.3M shortfall and a special assessment of about $27,000 per unit.
- Building repairs~$1,900,000
- Unit-owner property claims~$620,000
- Temporary housing~$280,000
Illustrative example. Real outcomes depend on the facts and your policy terms.
Build the right program for your association
Every association starts with property, general liability, directors and officers, and umbrella. Tell us about your building to see what else typically applies. No contact details needed.
Your operation
Select everything that applies.
Coverage that typically applies
8 coverages — a starting point for a conversation, not a quote.
- Property InsuranceBuildings, common areas and shared structures.
- General LiabilitySlip-and-fall and common-area premises claims.
- Directors & OfficersProtects the volunteer board from lawsuits.
- Commercial UmbrellaExtra limits for catastrophic claims.
- Loss AssessmentShields unit owners from special assessments.
- Equipment BreakdownBoiler, HVAC and elevator breakdown.
- Fidelity BondTheft or embezzlement of association funds.
- Crime & Employee DishonestyForged checks, computer and financial fraud.
From first call to certificate
Understand the association
Unit count, age and construction, common areas, amenities and building systems, board structure and governance, and your reserve study, so limits match real replacement-cost values.
Go to HOA markets
We approach carriers that write HOAs and condos and understand D&O, loss assessment and Pacific Northwest water-damage risk, with pricing that respects reserve budgets and portfolio pricing for property managers.
Build the program
Property at replacement cost, general liability, D&O and umbrella, plus water, ordinance, equipment breakdown and fidelity coverage, at limits that avoid coinsurance penalties and keep special assessments off owners.
Reviews and board support
Annual policy reviews so values stay current, same-day certificates for managers and lenders, board education on D&O and claims advocacy from first notice.
Every policy an association may need
Filter by type or search for a specific coverage.
Property Insurance
Replacement-cost coverage for buildings, common areas, amenities and shared structures against fire, theft, vandalism, windstorm and water damage.
Equipment Breakdown
Boiler failures, HVAC breakdowns, elevator malfunctions and mechanical equipment serving common areas, which property policies exclude.
Water Damage & Flood
Enhanced protection for the region's most common claims: pipe bursts, sewer backups, groundwater seepage, and flood coverage for at-risk properties.
Building Ordinance
Mandatory upgrades to current building codes during reconstruction, which can add 25 to 40% to repair costs and are excluded by basic policies.
General Liability
$1M to $2M for slip-and-fall injuries, premises liability, pool accidents and common-area incidents.
Directors & Officers
Defense and settlements for board members sued for mismanagement, breach of duty, negligence or wrongful decisions.
Commercial Umbrella
$5M to $10M of additional liability above your primary policies for claims that exceed primary limits.
Fidelity Bond
Theft, embezzlement and fraud by board members, property managers or staff with access to association funds and accounts.
Crime & Employee Dishonesty
Theft of association funds, forged checks, computer fraud and financial crimes by employees or volunteers.
Cyber Liability
Data breaches affecting unit-owner information, online payment systems and association records.
Loss Assessment
Protection for unit owners when association coverage falls short, reducing or eliminating special assessments after a major loss.
Business Interruption
Lost rental income if units become uninhabitable after a covered loss, protecting cash flow during repairs.
Brokers who understand associations
Multifamily and HOA experience
Condos, apartments and associations from 12 units to 300+, with working knowledge of Washington condo law, reserve studies and governance.
Water damage and reserves
Familiarity with regional water-damage risk such as pipe freezing, groundwater intrusion and building-envelope failures, plus reserve-study coordination so replacement-cost limits stay aligned with your capital plan.
Board education and manager coordination
We brief board members on D&O protections and insurance requirements, and work with your property manager on certificates, loss reporting and coverage questions, with portfolio pricing across multiple associations.
Protect your association and unit owners
A quote built around your building, your reserves and your board. Prefer email? Reach us at info@firstunderwriters.com.
Coverage descriptions are general summaries for education. They are not legal, tax or coverage advice, a statement of coverage, an offer or a binder; the coverage builder is a starting point for discussion, not a quote. Scenarios and dollar figures are illustrative examples, not representations about any association. Coverage, limits and eligibility are governed by the terms, conditions and exclusions of the policies issued and are subject to underwriting.