Fidelity Bonds for HOAs and COAs from Surety One, Inc.
Surety One, Inc. offers tailored fidelity bond and commercial crime insurance solutions for homeowner's associations (HOAs), condominium owner's associations (COAs), and federally regulated housing cooperatives. These specialized bond products are designed to protect association funds against losses due to employee dishonesty, theft, or fraud committed by board members, officers, or property managers with access to association assets.
Ideal Accounts and Appetite
This program is ideal for:
- Homeowner's associations managing common area maintenance and assessments
- Condominium owner's associations with board members handling dues and reserve funds
- Federally regulated housing cooperatives requiring fidelity coverage to meet compliance standards
Whether your client is a small HOA with minimal assets or a large COA overseeing multiple buildings, Surety One, Inc. can provide scalable bond coverage to meet the unique risks of managing communal funds.
Example: You might have a client managing a 50-unit condominium complex with a volunteer board and a third-party property manager. This program can offer protection against dishonest acts by any party with financial responsibility over the association’s funds.
Coverage Highlights and Advantages
- Bond limits available from $5,000 up to $10,000,000
- Coverage structured to meet state and lender requirements
- Includes protection from theft, fraud, forgery, and embezzlement
- Flexible underwriting for associations of various sizes and structures
Surety One, Inc. understands the complex nature of association governance and the exposure to financial crimes. Their products are designed to respond to a wide range of dishonest acts and can be tailored to fit each association’s bylaws or regulatory obligations.
Underwriting Notes and Minimum Premiums
While minimum premiums can vary by account and limit, this program is competitively priced to accommodate associations both large and small. Applications are evaluated with an emphasis on financial controls, number of units, and whether the association is self-managed or employs a professional management company.
Agents can access application materials and additional information on the HOA and COA Fidelity Bond page.
Territories and Availability
This program is available on a non-admitted basis in all 50 states, plus Washington, D.C. Surety One, Inc. brings national reach with the ability to serve agents and brokers in virtually every jurisdiction, including coastal, urban, and resort areas where HOAs and COAs are common.
Why Work With Surety One, Inc.?
Surety One, Inc. is a Managing General Agency (MGA) with deep experience in the fidelity and surety markets. Their underwriting team is responsive, knowledgeable, and focused on delivering fast turnaround for agents placing association-related crime and fidelity risks. Whether your client is a new HOA forming its financial infrastructure or an established COA with millions in reserves, Surety One, Inc. offers the expertise and market access to place the right bond quickly and efficiently.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Homeowner's associations, condominium owner's associations, and federally regulated housing cooperatives of any size are well-suited for this program.
What coverage limits are available?
Bond limits range from $5,000 to $10,000,000, depending on the association’s needs and level of risk.
Is this program available in all states?
Yes, the program is available nationwide, including Washington, D.C., on a non-admitted basis.
Can self-managed HOAs qualify for this bond?
Yes, self-managed associations can qualify. Underwriting will consider their financial controls and structure during review.
How do I get started with an application?
Agents can access application materials and detailed program information on Surety One, Inc.'s HOA and COA Fidelity Bond page.
Need help placing an account? Connect with a market specialist.