Colonial General Insurance Agency, Inc. offers a flexible and comprehensive Community Association Insurance program designed for well-established associations with completed development or construction. This program is ideal for agents and brokers seeking to place package or mono-line property and liability coverage for associations managing residential communities. Eligible risks include:
Whether your client operates a suburban HOA or a well-managed time-share complex, Colonial General provides tailored coverage options to meet the unique risks these communities face.
Coverage Highlights and Advantages
Property Coverage Options:
- Accounts Receivable
- Basic, Broad, or Special Form
- Building and Contents
- Business Income
- Computer Equipment
- Equipment Breakdown
- Inland Marine
- Outside Signs
- Valuable Papers
- Replacement Cost or Actual Cash Value
General Liability Coverage:
- Primary limits up to $3 million occurrence/aggregate
- $5,000 Medical Payments Coverage included
- Additional Interests included at no charge
- Hired and Non-owned Auto available
- Excess or Umbrella limits up to $25 million
- No deductible required
Crime Coverage Options:
- Inside the Premises – Theft of Money and Securities
- Inside the Premises – Robbery or Safe Burglary of Other Property
- Outside the Premises
Ideal Accounts and Appetite
This program is best suited for community associations that are fully developed and operational, where active construction is no longer occurring. Associations with a stable financial history, board governance, and risk management protocols in place are preferred. Risks with prior claims history or located in high-risk catastrophe zones may be reviewed individually.
For example, if you have a client managing a gated townhome community or a mid-rise condominium association looking to consolidate their property and liability coverage, this program offers the flexibility and depth needed to protect their assets.
Underwriting Notes and Market Access
Colonial General operates as a Managing General Agency and Excess & Surplus Lines Broker, providing access to a variety of carriers depending on the account profile. Some admitted markets are available for qualifying risks. Underwriting is efficient and consultative, helping agents match the right coverage to each insured’s exposures.
Territory and Availability
This program is available in the following states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, and Wyoming. Agents writing in these states can rely on Colonial General’s regional expertise and market access to serve their community association clients effectively.
Why Work With Colonial General?
Colonial General has decades of experience serving the Western U.S. with specialty insurance programs. Their Community Association Insurance program stands out for its flexible structure, broad market access, and strong support for agents. Whether you’re placing a single condo association or a portfolio of HOAs, Colonial General is a trusted partner in securing competitive and comprehensive coverage.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include established homeowner associations, townhome associations, residential and time-share condominium associations, and cooperative housing corporations with completed development and active management.
Are mono-line policies available?
Yes, both mono-line property or liability policies and package policies are available depending on the insured’s needs.
Is this program available on an admitted basis?
Some admitted markets are available; eligibility depends on the specific risk and location. Colonial General also offers access to surplus lines markets as needed.
What states is the Community Association Insurance program offered in?
The program is available in AZ, CA, CO, ID, NV, NM, UT, and WY.
What limits are available under the general liability coverage?
Primary liability limits up to $3 million per occurrence/aggregate are available, with excess or umbrella limits up to $25 million.
Need help placing an account? Connect with a market specialist.