Condominium Association Insurance Florida

Condominium Association Insurance Florida premium is up 50%. We can help reduce your Insurance Premium!

Call today at 954-454-9599 for a Policy Review. 


We have a package policy with Wind for Florida Smaller Size Condominium up to $5 Million Replacement Cost.


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We welcome an opportunity to offer your Condominium Association an Insurance Package Policy Quote tailored specifically to your Association insurance needs, underwriting by reliable Insurance companies, knowing when you have a loss, the claim is paid, and the property is restored to what it used to be.

You need to review the master insurance policy yearly to maintain adequate coverages and affordable premium, also in the hope to comply with your condominium association’s annual budget, additionally to satisfy unit Owner’s demand to keep insurance cost under control.

What is Condominium Association Insurance Florida Policy?

It is a special insurance policy designed by insurance companies to cover the real property belonging to the Association Common Area, against any covered Perils including named hurricane, water damage, high winds, fire, also to protect the Association from any potential legal lawsuit brought by an outside visitors or from your unit owners, which might cause financial burden to the Association and its Unit Owners.

What Kind on Insurance does Condominium Association need in Florida:

  • Building / Common Area – This policy covers the real property assessed at 100% of its replacement cost, and performed by a professional appraisal. This policy covers perils such as fire, water damage, hurricane, and tropical storm.
  • Crime – This policy covers theft or disappearance of association funds by the property manager, employees, or volunteers working on behalf of the association.
  • General Liability – The policy protects your association against any legal liability claim caused by bodily injury or property damage, such as a slip and fall (a common cause of claim), breach of contract, negligence, and others accident happens to a person or organization, provoked by the association employees, property manager, and volunteers consequences.
  • Commercial Umbrella Liability – the purpose of this policy is to provide excess liability coverage over and above the underlying general liability policy. Also, the commercial umbrella policy overlays the directors & officers, commercial vans, and workers’ compensation policies.
  • Directors and Officers – This is a mandatory line of coverage enforced by the State of Florida under Florida Status 723.078. This policy serves to protect all board members, volunteers, and property managers against any allegation filed by unit Owners or outside contractors for the cause of negligence or breach of contract.
  • Equipment Breakdown – It ensures your building electrical equipment such as a boiler, air conditioning units, elevators, phone system, and any other equipment which are used in the service of the association for damages caused by mechanical breakdown.
  • Building Glass – it covers the common area glass windows and balcony railing against perils such as high winds and hurricane damages. This type of coverage has a separate deductible, typically about $100.00 per claim.
  • Hurricane & Windstorm – This policy is necessary for Florida, and it does cover the association building against natural disasters for perils such as named hurricanes or tropical storms.
  • Condominium Flood – covers your association for rising water damages done to your building due to severe rain, driven wind or hurricane. The flood insurance policy encompasses the association common area.
  • Outdoor Properties – this policy coverage is necessary to the association’s outdoor properties such as a pool, boat docks, front gates, light poles, signs, and guardhouse.
  • Workers Compensation – This policy covers your employees and volunteers working on behalf of the association, for medical expenses and loss of income in the event they get injured on premises during working hours.

Legal Guide to know about Condominium Association Insurance Florida requirement:

Condominium Association board members normally govern their association. Therefore board member personal responsibility can create a potential liability risk to the master association, accidentally caused by them, or by its volunteers or by its property manager; such statutory liability action consists of:

  • Contractual obligations to outside contractors,
  • Negligence caused by the property manager responsible for managing the property,
  • Intentional wrongful act performed by any person acting on behalf of the association.

What we can do for your condominium association insurance Florida?

G. Zein Insurance Services have specialized in condominium association Insurance since 1987. Therefore we have helped many condominium associations like yours save an average of 10% to 15% upon policy renewal. Furthermore, we can help you:

  • mitigate any potential claim at the time of a loss until the claim is settled and closed.
  • help you provide lower-cost property inspections for insurance reasons.
  • help you obtain lower-interest financing to pay your premium monthly.
  • and provide insurance certificates when it is required by mortgage companies.

8 Factors to lower cost of insurance for Condominium Association in Florida:

  1. Increase the policy deductible to save additional premium.
  2. Keep property dry and clean to prevent any slip & fall claims.
  3. Hire a security guard to monitor the property on 24 hours basis.
  4. Inspect the property daily, and make all necessary repairs immediately if needed.
  5. Hire a lifeguard to monitor the swimming pool area during allowable swimming time.
  6. Provide proof of property upgrades such as roof, plumbing, electrical, and Air conditioning, or provide a 4 point inspection.
  7. Install surveillance cameras around the building to monitor and minimize any frivolous liability claims.
  8. Additional discount for having 3 years claim-free, this is an indication to insurance companies that you are managing your property very well.

Call us today for a Condominium Association Insurance Florida Review.

To find out how much it cost you to insure your condominium association in South Florida, feel free to call us today at (954) 454-9599, (866) 454-9555, to schedule an appointment to visit your association.