Professional property manager in modern condo community

Condo Association & HOA Master Policy Insurance

Comprehensive protection for condo boards, HOA associations, and property managers. From property damage to director liability, we cover the unique risks of your community.

Get Your Free Condo Quote 1-800-252-6885

Quick Facts: Condo Association Insurance in Florida

Fla. Stat. §718.111(11) requires master property insurance for full building replacement cost to protect residents from special assessments
Directors & Officers (D&O) liability protects individual board members from personal liability for fiduciary decisions and contract disputes
Fidelity bonds must equal or exceed the largest aggregate of association funds in the treasurer's custody at any time
Standard property policies exclude flood damage—separate flood insurance is essential for ground-floor units and flood-zone properties
Hurricane deductibles typically range from 2-5% of building value; wind mitigation credits can save 15-50% on annual premiums

Coverage Types for Condo Associations

Build a comprehensive insurance package that protects your community and board members.

HOA Master Property Policy

Covers building structure, common areas, and shared components for full insurable value per Fla. Stat. §718.111(11). Includes hurricane deductibles and wind mitigation credits.

Directors & Officers (D&O) Liability

Protects board members and officers from personal liability for fiduciary decisions, contract disputes, and violation of duties. Essential for volunteer and professional boards.

General Liability

Covers bodily injury and property damage claims from residents, vendors, and third parties in common areas. Protects the association from slip-and-fall and premises liability.

Fidelity Bond / Crime Coverage

Protects association funds from employee dishonesty, embezzlement, and theft. Florida law recommends bonds equal to or greater than all association funds held.

Workers Compensation

Covers employees and vendors performing maintenance, repairs, and landscaping. Required for associations with employees; highly recommended for all others.

Flood Insurance

Covers flood damage through NFIP RCBAP (private option) or private flood carriers. Critical for ground-floor units and flood-prone zones.

Risks Facing Condo Associations

Understanding these risks helps you choose adequate coverage and protect residents.

Major property damage from hurricanes, wind, and hail affecting unit owners

Board member personal liability for contract disputes or fiduciary breaches

Slip-and-fall and premises liability claims in common areas

Employee theft or management company embezzlement of association funds

Flood damage to ground-floor units or basement common areas

Lawsuits from unit owners regarding special assessments or maintenance decisions

Roof or structural failure causing water intrusion into units

Inadequate property insurance leading to special assessments on residents

Why Choose Greene & Associates?

Statutory Compliance

We ensure your master property policy meets Fla. Stat. §718.111(11) requirements for full replacement cost and protects against underinsurance special assessments.

Board Protection Expertise

Our D&O coverage protects individual board members from personal liability for fiduciary breaches, contract disputes, and regulatory violations.

Wind Mitigation Savings

We identify roof upgrades, impact windows, and other wind mitigation improvements to secure 15-50% premium discounts on property coverage.

Condo Association Insurance Throughout Florida

From coastal high-rises to inland mid-rise communities, we serve condo associations across Florida.

Jacksonville & Northeast FL

Beach-front condo towers, riverfront high-rises, and established mid-rise communities. Northeast Florida associations face hurricane risk and wind exposure. We secure competitive rates on master property coverage.

Jacksonville Insurance

Tampa & Gulf Coast

Waterfront condos, bay-view towers, and beachside communities. Gulf Coast associations require flood coverage and aggressive hurricane deductibles. We match you with carriers experienced in coastal risk.

Tampa Insurance

Orlando & Central FL

Inland mid-rise and garden-style communities serving residents and seasonal tourists. Central Florida associations enjoy lower wind exposure and more favorable property rates.

Orlando Insurance

Miami & South Florida

Luxury high-rises, oceanfront towers, and upscale waterfront communities. South Florida associations face the highest hurricane and flood exposure. We specialize in coastal property and wind mitigation strategies.

Miami Insurance

Fort Lauderdale & Broward

High-density condos, Intracoastal properties, and beach-community associations. Broward County associations require specialized hurricane and coastal surge coverage from experienced carriers.

Fort Lauderdale Insurance

Sarasota & Southwest FL

Gulf-side towers, beachfront communities, and island properties. Southwest Florida associations need comprehensive wind and flood coverage for seasonal populations.

Sarasota Insurance

Based in Lake City, serving condo associations throughout Florida.

Frequently Asked Questions

Fla. Stat. §718.111(11) requires condominiums to maintain property insurance for the full insurable value of the building, including replacement cost of the roof, structural components, and all common elements. Your master property policy must meet this legal requirement. Underinsurance can force the board to levy special assessments on unit owners to cover losses. Greene & Associates helps associations maintain compliant, adequate coverage.

Yes. D&O liability protects board members and officers from personal liability for decisions made in their capacity as directors. This includes contract disputes, violation of fiduciary duties, employment-related claims, and regulatory violations. Even volunteer boards face exposure. D&O coverage is critical and often required by lenders or state law.

A fidelity bond protects your association from employee dishonesty, embezzlement, and theft of association funds. Florida law recommends bonds equal to or greater than the largest aggregate of association funds that will be in the treasurer's custody at any time. If you use a management company, their coverage may not protect your funds. A dedicated association fidelity bond is essential.

Yes, absolutely. Flood damage is NOT covered under standard master property policies. If your building is in a flood zone (A or V), flood insurance is essential. Even properties outside mapped flood zones can experience flooding from heavy rains, storm surge, or failed drainage systems. Private flood insurance and NFIP RCBAP options are available for Florida condominiums.