Homeowners Associations and PUD
U.S. Insurance Services offers a comprehensive property and liability policy that addresses the unique coverage requirements of single family homeowner associations. In addition to providing many limit options, this program can be tailored to meet the requirements of lending institutions as well as regulatory authorities.
Coverage Features
Liability
- Comprehensive General Liability Limits to $3,000,000
- Coverage for golf courses available
- Property management companies named as additional insured on crime coverage
- Landscape coverage including vandalism
- Coverage for fund raising events
- Club members named as additional insureds
- Employee Benefits Liability
- Umbrella Coverage Limits up to $10,000,000
Property
- Blanket limits
- Pollutant clean up and removal $25,000
- Fire department service charge $25,000
- Newly acquired property 90 days
- Personal effects $5,000/$25,000
- Property of others $10,000
- Valuable papers $50,000
- Outdoor property/debris removal $25,000
- Emergency vacating expense $15,000
- Identity theft expense $2,500
- Terrorist travel reimbursement $1,000
- Kidnap/ransom $50,000
- Key individual replacement expense $50,000
- Accounts receivable $25,000
- Business income and extra expense
- (including contingent) $100,000
- EDP equipment $50,000
- Fire extinguisher recharge $1,000
- Reward reimbursement $5,000
- Inventory and appraisals of loss $1,000
- Spoilage $25,000
- Fine arts $25,000
- Backup of sewers/flood damage- $25,000
- Property in transit $50,000
- Off-premises power failure $25,000
- Earthquake sprinkler leakage $10,000
Documents Required for Proposal
- Completed and signed company application
- Current financial statement or budget
- Plot plan of the community
- Photo of any added exposure (playground, pool, etc.)
- Loss run s or statement of losses on the communitys letterhead
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