About CondoLogic 

CondoLogic’s underwriting culture focuses on the 3 P’s;

People, Products and Process.

People

CondoLogic is the culmination of over thirty years experience in the community association industry working closely with both professionally and self managed associations.  Understanding that insurance is a significant line item in an association budget, we take the time to understand the exposures that are unique to each risk.  We coordinate coverages ensuring they comply with the association governing documents.   With a people first approach we properly underwrite, construct and competitively price a master policy.  CondoLogic knows PEOPLE are important and we provide same day underwriting and claims responsiveness and guidance.

Products

CondoLogic’s Admitted and Non-Admitted comprehensive property and casualty program is backed by the largest Property and Casualty carrier in the World.

ALLIANZ has a A+ Superior Financial performance rating by AM BEST with over 55 years of program experience.

Process

Our proactive approach to Association Master Policies sets us apart from our competitors.  By combining cutting edge technology along with our innovative policy forms we are able to tailor our products to meet your Community Association needs.

Policy, Payment and Claims Automation

Full Life Cycle of Policy Management

• Quote
• Bind
• Policy Issuance
• Endorsement Request and Processing
• Interactive and Intuitive Website for Risk Management
• Complete, Simple and Secure Payment Solution
• First Notice of Loss
• Receive Claims Updates and Payment Notifications
  and more

We offer:

Admitted and Non-Admitted Solutions
Eligible Classes include:
Habitational Condominium
Homeowner Associations
Townhouse Associations
Proprietary Proactive coverages to help mitigate potential losses

Property:

The Associations property insurance pays to rebuild the structures and common area elements in the event there is a major loss. It covers land, buildings, structures, and personal property owned by the association along with the fixtures, furniture and appliances that are outside of the individual units.

CondoLogic’s Policy Offers and more:

Guaranteed Replacement Cost Available
Proprietary CondoLogic Plus+ and Enhancement Endorsement for Property
Ordinance or Law
Business Income and Extra Expense
Water and Sewer Backup
Flood Available
Earthquake Available
Crime
Equipment Breakdown

Crime

Fidelity bond coverage is for “employee dishonesty” that results in the loss of the association’s day-to-day and reserve funds. Fidelity bonds are also referred to as “employee dishonesty insurance” or “crime coverage”. This coverage protects the association against theft and dishonesty by its officers, directors and employees. If someone takes the money, the loss will be covered by the bond; however, this coverage is not automatically included in an association’s master insurance policy.

Environmental Impairment/Equipment Breakdown

Environmental Impairment Liability provides protection against the following risks of financial loss:

• Bodily injury caused by pollution conditions;
• Property damage, including damage to tangible property, the loss of use of such property that has not been physically injured or destroyed, and the diminished market value of a third party’s property;
• Remediation expenses, including investigating the extent and nature of the pollutant, monitoring, removing and disposing of the pollutant
• Defense costs incurred in the investigation, adjustment settlement and defense of a claim.

General Liability

Community associations must have commercial general liability insurance to protect the owners from exposure to liability from accidents or injuries that occur in the common areas of common interest developments, such as a slip and fall on a wet driveway, an injury sustained on playground equipment, etc.

Commercial general liability insurance covers four types of claims: bodily injury resulting in actual physical damage or loss; property damage or loss from the operation, maintenance or use of common areas; and personal injury.  It does not protect board members from claims that their actions have damaged the association or its members – this would require Directors and Office Liability insurance.

CondoLogic’s Policy Offers and more:

$1M/$2M Limits
Proprietary CondoLogic Condocover Endorsement for General Liability
Hired Non Owned Auto
Community Property Managers as Additional Insured
Broadened Additional Insured
Medical Payments
Waiver of Subrogation
Liberalization