Condominium Association

Philadelphia Insurance Companies offers a comprehensive property and liability policy that addresses the unique coverage requirements of condominium associations.

Philadelphia Insurance Companies coverage features include:

Liability:

• Comprehensive General Liability - Limits to $3,000,000
• Aggregate
• Condo unit owners as additional insureds
• Liability for common areas including swimming pools, tennis courts, lakes, playground equipment, etc.
• Employee Benefits Liability
• Umbrella- limits up to $10,000,000

Property:

• Blanket Limits with large in house capacity
• All Risk on Building, Contents, Loss of Income and Extra Expense
• Coverage for loss of condo fees due to a direct physical loss - $100,000
• Guaranteed Replacement Cost available with an appraisal
• Ordinance or Law Coverage
• Definition of building to include pools, walkways and fences
• EDP included
• Reward Reimbursement- we will pay for information leading to criminal convictions in connection with losses to covered property, up to $5,000

Workers Compensation Coverage:

• Available for most Condominium Associations

Directors and Officers Liability:

• Addresses membership discrimination allegations for hunting and fishing clubs.
• Coverage for Volunteers, where permitted by State
• Low Minimum Premiums
• Employers' Liability limits up to $1,000,000/$1,000,000/$1,000,000
• Underwritten by A+ Carrier

Documents Required for Binding Quotation:

• Completed and signed Philadelphia Insurance Companies application
• Completed ACORD applications
• Loss runs from current insurance company for previous 3 years

Philadelphia Insurance Companies, One Bala Plaza, Suite 100, Bala Cynwyd, PA, 19004. Phone: (610)617-7900 x7734; Fax: (610)617-7940.