Condo & HOA Insurance Solutions
We have your association covered
At Prosperity Insurance Partners, LLC, serving St. Petersburg, FL, and the surrounding areas, including Hudson, we understand the unique insurance needs of condominium associations (HOAs) and unit owners. Protecting your investment, common areas, and individual units requires specialized coverage. We offer tailored condo and HOA insurance solutions designed to provide comprehensive protection and peace of mind.
Key Insurance Coverages for Condos & HOAs
For HOAs (Master Policies):
Property Insurance:
Coverage for the common areas of the condominium development, including buildings, landscaping, and amenities.
Explanation of different coverage types (e.g., "all-in" vs. "bare walls").
General Liability Insurance:
Coverage for bodily injury or property damage claims arising from accidents in common areas.
Coverage for lawsuits alleging negligence on the part of the HOA.
Directors & Officers (D&O) Liability Insurance:
Protection for the HOA board members and officers from lawsuits alleging wrongful acts, errors, or omissions in their duties.
Fidelity Insurance (Crime Coverage):
Coverage for financial losses due to theft, embezzlement, or fraud committed by HOA employees or board members.
For Condo Unit Owners (Individual Policies):
HO-6 Insurance:
Explanation of HO-6 coverage and its purpose (protecting the unit owner's personal property, interior of the unit, and liability).
Coverage for personal property, improvements, and betterments.
Personal Liability Insurance:
Coverage for bodily injury or property damage to others that occur within the unit.
Loss Assessment Coverage:
Coverage for assessments charged by the HOA for damage to common areas.