Commercial : Condominiums and HOAs

Condominium Association Master Policies and Homeowner Association Master Policies are a special niche within the greater insurance business that demands particular knowledge of an insurance agent. Let’s examine each of these separately.

Condominium Association Master Policies are designed to protect the common property of the association. There are some specific requirements of a master policy. These requirements are set forth by the Association’s organizational documents; namely, the Declaration of Condominium, the Associations’ Articles of Incorporation and the by-laws of the Association. Together with the laws which govern these types of ownership arrangements, they provide the outline of minimum coverage which is required of the Board of Directors of your Association. It would be grievously inappropriate of any agent to quote or write insurance for a Condominium Association, without first being familiar with your association’s documents. Additionally, the agent needs to be familiar with your location’s laws. At SFI Group, Inc, we have experienced agents who are familiar with the laws in the states in which we write insurance for condominium associations. The first step in obtaining a quote for your association is only a phone call away or you can submit your inquiry online and one of our knowledgeable staff will contact you by the end of the next business day.

Client Testimonial

I would like to commend the SFI Group and specifically Scott Wheeler. Scott has been handling the insurance needs of Queens Grant Condominiums and Townhouses in Topsail Beach, NC for several years. He has always done an excellent job in the assessment of our risks, the placement of our coverage and, when necessary, the initiation of claims.

As a diversified group, our 57 homeowners do not always understand the intricacies of insurance or the underwriting process. Scott has always made himself available at our annual meetings to explain the process and the coverages that apply to Queens Grant. He also remains after the business meeting to answer any individual questions that owners may have.

In two recent incidents, a lightening strike claim and a problem with the underpinning of one of our condo units, Scott worked with the adjusters through the claim settlement process while keeping our property manager appraised of the situation. The net result was that the claims were settled quickly and effectively with minimal effort on the part of our property manager.

When an individual property owner experienced problems with the insurance department of his mortgage lender, Scott willingly contacted the insurance department several times to assist in resolving the issue.

These are some of the examples of the superior customer service that we have come to expect from Scott. He is highly professional, dependable and customer centric. I would not hesitate to recommend Scott to any individual or firm seeking insurance services.


- Charles W. (Chuck) Esserwein
Chairman, Queens Grant Combined Boards
October 31, 2011

Homeowner’s associations are similar to Condominium Associations, so we have put the information together on this page. There are; however, some real differences which require special attention. In many cases, a homeowner’s association has more flexibility to choose to insure the buildings contained within the association’s property (dwellings). In some they do not. It is of particular import, your association’s Master Policy is properly written to protect the interest of the members of the association. At a minimum, your association should carry a General Liability, Director’s and Officer’s liability and some form of Fidelity coverage. Their may also be some common property, such as a clubhouse or other common facilities which need to be protected with a commercial property policy.

At SFI Group, Inc. our staff of agents stands ready to help you wade through the intricacies of Association Master Policy insurance. Please call or click here to get your process started today. A response to your inquiry will be provided by the end of the next business day.

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