Commercial Residential
You’ve got enough to manage, so finding the right coverage for your property should be simple.
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What's covered. And everything else.
Covered
- Building structures (including common areas and shared facilities)
- Contents owned by the association or building management
- Liability protection
- Loss of income / additional living expenses when property damage interrupts rental income or forces temporary relocation
- Equipment breakdown
- Optional coverages with endorsement
Not covered
- Wear and tear / maintenance issues
- Flood and earthquake (require separate insurance policies)
- Intentional damage by the insured or residents
- Acts of war or nuclear hazards
- Mold, fungus, or termites
- Mechanical breakdown
- Personal property of residents
And answers.
Common questions. And answers.
What types of properties are covered under commercial residential insurance?
This insurance is designed for condo associations, homeowners associations (HOAs), and apartment buildings. It also covers shared spaces like pools, spas, carports, and tennis courts. Keep in mind, if more than half the units are rented out short-term (like vacation rentals), it will not qualify.
What happens if the building becomes uninhabitable after a covered loss?
If your building becomes uninhabitable after a covered event, your insurance can help cover extra living expenses or lost rental income while repairs are being made, so you’re not left worrying about unexpected costs.
Does this insurance cover both the building and its contents?
Yes! Commercial residential insurance typically covers both the building itself and the common-area contents, like furniture and equipment owned by the association.
Are individual homeowners’ personal belongings covered?
No. Individual homeowners’ personal belongings aren’t covered by commercial residential insurance. They will need their own renters or condo insurance to protect their belongings.
How do I know how much coverage my association needs?
An experienced insurance agent can guide you by looking at your property, the risks you face, and what your community needs to make sure you’re properly protected.
Available Discounts:
- Protective device
- Multi-policy
- Claims-free
- Risk management
Discounts vary by state and program and may be subject to underwriting eligibility and filings.
Important: Coverage availability, terms, limits, and exclusions vary by state and program. The policy governs; this website is a high-level summary and does not modify or replace the policy.