Get Affordable Condo Association Insurance
Enjoy better coverage & lower rates
Call 800-860-1060 or click below
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Hummel Group is an independent commercial insurance agency, with a specialty in insurance for condo associations. In fact, we have developed relationships & programs with top-rated condo association insurance companies for this particular niche. Plus, we will review your association's bylaws & tailor the policy to match the agreement.
What does that mean for you? It means you enjoy the benefits of:
1. Low rates!
2. Simplified insurance that matches the needs of your association
3. Doing business with a responsive agent who picks up when you call
Saving you time, money & headaches so you can focus on running your condo association!
We can provide a condominium association master insurance policy for all types of condo associations, large or small.
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Frustrated by the complexity of your current policy?
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Afraid you're overpaying for your insurance?
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Upset about a claim that was denied?
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Worried about the future of your business in today's uncertain climate?
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Hard to get straight answers & phone calls returned from your current insurance company?
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Tired of working with agents who don't know the industry well?
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Wasting valuable time trying to keep up with new regulations?
Let us help. We solve problems like these for our clients every day!
Luke Boreman, our COA insurance specialist
Our condo association expert, Luke Boreman understands that each condo association's bylaws are different. Luke takes the time to review the bylaws to tailor a specific plan to your association.
Don't pay for coverage you don't need!
Luke can also get you connected with our personal insurance advisors that can help your members properly structure their own condo policies. We are continually looking for additional ways to add value to our clients through product knowledge, new coverage offerings, and additional services, making us not only your insurance agent but also a business partner.
Our agents go beyond just writing a condo association insurance policy. With an understanding of regulations & state requirements, they sweat the details so you save time, money & can focus on what you do best - running your condo association!
Since 1957, Hummel has been building its business on its uncompromising values of integrity, trust & hard work.
Your Hummel risk advisor is going to provide you with a custom-tailored insurance plan that's best for you, not our company. We're in the business of trust-building, not selling policies.
Hummel Group is a Trusted Choice Independent Agency.
Take a look at the Trusted Choice Pledge of Performance by clicking the Trusted Choice logo below.
Claims Service You Can Count On.
If you need to submit a claim, you get one of our full-time claim specialists to advocate for you with the insurance company and support you through the entire process, step-by-step.
A Condo Owner Association (COA) is made up of condominium owners. The owners own their own individual units but also have a shared financial responsibility for the maintenance and upkeep of the common areas like parking lots, recreational areas, hallways, and other jointly owned property. The association officers are in charge of enforcing rules and collecting membership fees that include maintenance assessments, upkeep costs, and insurance of commonly owned assets. The COA should purchase condo association master policy insurance to cover these commonly owned assets and to protect the association from liability claims.
As a COA, even though you know you need to obtain condo association insurance, you may be unaware of some of the risks involved in being part of a COA. To avoid getting the wrong policy or not getting the right coverage, here are some COA insurance exposures you will want to make sure are covered:
Property exposure – Any jointly owned buildings are an exposure for the COA. What happens if there is faulty wiring that starts a fire or office furniture gets stolen?
Crime exposure – When you have employees that are handling money there is a potential crime exposure if they are dishonest or you don’t have checks and balances in place.
Inland marine exposure – This exposure arises from any valuable items and papers that are attractive to thieves -this can also include accounts receivable, computers, and valuable papers and records.
Premises liability exposure – Common areas are always open to liability exposure since many residents and guests are using the spaces. From slips and falls to snow and ice removal – the COA is responsible for all maintenance and upkeep.
Directors and officers exposure – Elected officers are making many of the decisions for the COA and can be held liable for discriminatory practices, mismanagement of funds, or failing to maintain the property. While some COAs also use outside management companies, that does not leave the association free from lawsuits.
Automobile exposure – Whether the COA owns a vehicle or sometimes needs to use a personal vehicle for association business, both are exposures that need to be addressed.
Workers’ compensation exposure – If there are employees of the COA, you have a potential exposure. If the COA uses a management firm to contract all services, then there is no exposure.
Now that you know the exposures, you may be asking, what coverage do I need to insure against these risks? Below we list out the minimum recommended coverages as well as optional coverages you may want to consider, depending on your specific condo association.
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Minimum Recommended Coverage:
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Additional Coverage Considerations:
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Contact our COA insurance specialists to learn more about condo master policy insurance and how to best cover these exposures for your Condo Owner Association.
Property Insurance
Property insurance can be broken down into two categories:
Building Coverage – To insure buildings and other property attached to the buildings.
Contents Coverage – To insure physical assets and property owned by the business but not attached to the building. (Examples include computers, printers, other equipment)
*Additional covered property typically includes: signs, retaining walls, lights, poles, and more.
Liability Insurance
We provide a comprehensive liability policy for businesses.
Our liability coverage may include but is not limited to the following:
- Cyber Liability
- Directors and Officers
- Employee Benefits
- Employment Practices
- Errors & Omissions
- Lessors Risk
- Lost Wages
- Medical Coverage
- Special Event Coverage
- Umbrella & Excess Liability
Umbrella Insurance
Umbrella coverage, also known as "Excess Liability," is available in amounts from $1,000,000 to $10,000,000. Umbrella insurance pays on claims that go over your General Liability, Auto, and other coverage limits.
Crime
Internet safety is becoming an important consideration for businesses everywhere. For some businesses, additional cybersecurity coverage is the best way to complete their online defense.
Hummel Group provides coverage options to protect against a variety of issues ranging from data breaches to embezzlement.
- Cyber Liability
- Employee Dishonesty/Fidelity Bond
- Forgery and Alterations
- Computer Fraud Coverage
- Money and Securities
Workers' Compensation
Workers' Compensation provides coverage for employees with work-related injuries. Workers' Compensation insurance is legally required in most states for any entities that hire employees. We have multiple options to provide solutions for your unique needs.
Commercial Auto Insurance
Commercial auto insurance provides coverage for vehicles owned by your business. Covered vehicles may include cars, trucks, vans, or larger industrial vehicles, like box trucks, semi trucks, and dump trucks Packages may include:
- Liability
- Physical Damage
- Uninsured Motorists
- Medical Payments
- Hired Auto
- Non-Owned Coverage
Risk Management
Our job as your advisor is to help identify the risks facing you or your business, educate you on the options available to reduce or remove those risks, and help you implement a strategic plan.
Depending on your risks, you may want to add coverage for:
- Equipment Breakdown
- Loss of Rents
- Law & Ordinance
- Environmental Impairment or Pollution
Group Health Insurance & Benefits
Streamline your insurance needs and enjoy having one point of contact for both property and liability insurance and medical insurance for your employees. The team at Hummel can provide you with competitive group rates with top-rated health, dental, and vision insurance providers.
We’re based in northeast Ohio but serve condo association clients all over the lower 48 states. So no matter where you are, please reach out so we can help you!