Community Associations Umbrella.
This umbrella program provides excess coverage over our Community Association Directors & Officers liability policy. In 1987 Distinguished Programs pioneered the country's first real estate umbrella liability purchasing group. Today our umbrella programs are among the largest in the country - delivering high liability limits at extremely competitive prices.
Key advantages
- Limits from $1 million to $300 million
- No shared limits
- Admitted, A.M. Best A rated carriers
- Superior level of claim service and support
- Competitive pricing and low minimum premiums
- Easy, one step, online quoting and policy issuance
- Automatic renewal process for most risks
Eligibility
- Condominiums (residential and commercial)
- Cooperatives
- Apartments / rentals
- Townhouses
- Homeowner associations
- Planned unit developments (residential & commercial)
- Senior / independent housing
- Office buildings
- Strip malls
- Stand-alone retail properties
- General warehousing
- Light industrial complexes
Limit Options
- $1,000,000
- $2,000,000
- $5,000,000
- $10,000,000
- $15,000,000
- $25,000,000
- $50,000,000
- $100,000,000
- $200,000,000
Key Coverages
- No assault and battery exclusion
- No sexual abuse and molestation exclusion
- Crisis response coverage
- Unintentional errors or omissions
- Broad named insured endorsement
- Limitation of coverage to specified locations endorsement - Newly acquired locations must be reported to and accepted by the company within ninety (90) days.
Follow Form Coverages
- Bodily injury and property damage
- Personal injury
- Advertising injury
- Contractual liability auto liability
- Directors & officers liability for not-for-profit community associations
- Punitive or exemplary damages - Except those related to a certified act of terrorism
- Host liquor liability
- Employee benefit liability
- Discrimination
Schedule of minimum underlying insurance
| Commercial General Liability (CGL) |
$1,000,000 per occurrence/
$1,000,000 Personal and Advertising Injury $2,000,000 general aggregate per location |
| Commercial Auto Liability (AL) | $1,000,000 Combined Single Limit |
| Employer’s liability (EL) |
$500,000 Each Accident
$500,000 Policy Limit-Disease $500,000 Each Employee- Disease |
| Employee benefits liability (EBL) |
$1,000,000 Each Occurrence or Each Claim
$1,000,000 Aggregate |
| Garage keepers legal liability (GKLL) | $1,000,000 Each Loss |
|
Directors and Officers Liability (D&O)
(Not for Profit Community Associations Only) *See form Requirements Below |
$1,000,000 Each Claim (Indemnity)
$1,000,000 Each Claim (Defense) $1,000,000 Aggregate Each Association Or $2,000,000 Each Claim (Defense inside the limit) $2,000,000 Aggregate Each Association |
All primary insurers must have an AM Best rating of A-VI or better. However, we will provide coverage over Employers Liability placed with certified state funds and/or carriers with an AM Best Rating of B++ VI or better.
* Endorsement form Directors & Officers Liability on the Commercial General Liability policy is eligible only if the D&O has its own separate unimpeded limit.
*Directors and Officers Liability underlying policy must include Duty to Defend wording with regards to Defense.
The coverage information outlined here is a guideline only. Please refer to the actual policies for full terms, conditions, exclusions, and limitations. For a sample copy, please contact Susan DeCarlo @ sdecarlo@distinguished.com. In the event of a conflict between this document and the actual policies, the policies will control.
Insurers
| Company | Admitted | Layer | A.M. Best Rating |
|---|---|---|---|
| Great American Alliance Insurance Co. | Yes | Lead Umbrella | A+ XIII |
| Ironshore Indemnity, Inc. | Yes | $15,000,000 excess of $10,000,000 | A XIV |
| United States Insurance Co. | Yes | $25,000,000 excess of $25,000,000 | A XIII |
| Ohio Casualty | Yes | $25,000,000 part of $50,000,000 excess of $50,000,000 | A XV |
| AWAC | Yes | $25,000,000 part of $50,000,000 excess of $50,000,000 | A XV |
| Great American Alliance Insurance Co. | Yes | $25,000,000 excess of $100,000,000 | A+ XIII |
| ACE Westchester | Yes | $25,000,000 excess of $125,000,000 | A+ XV |
| Ironshore Indemnity, Inc. | Yes | $25,000,000 part of $50,000,000 excess of $150,000,000 | A XIV |
| Ohio Casualty | Yes | $25,000,000 part of $50,000,000 excess of $150,000,000 | A XV |