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Distinguished Programs
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Distinguished Programs
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Crime Insurance Coverage for Community Associations

Distinguished Programs offers a specialized Crime Insurance program designed specifically for Community Associations. This coverage is essential for protecting your clients against financial losses caused by internal criminal acts such as theft, fraud, or forgery. Whether your client is a large condominium association or a small homeowners' group, this program provides a flexible and secure solution to mitigate crime-related financial exposure.

This program is ideal for agents and brokers representing associations that need to satisfy lender requirements, comply with bylaws, or simply want peace of mind. The policy can be tailored to the size and risk profile of each association, with limits starting at $10,000 and going up to $5 million.

Ideal Accounts and Appetite

The Community Associations Crime Insurance program is built for a wide range of associations, including:

  • Condominium Associations (COAs)
  • Homeowners Associations (HOAs)
  • Planned Unit Developments (PUDs)
  • Cooperatives (CO-OPs)
  • Property Owners Associations (POAs)
  • Commercial Condominiums
  • Timeshares/Intervals
  • Mixed-Use Condominiums

You might have a client managing a mixed-use condo development with multiple board members and financial transactions—this program helps protect them from potential internal theft or embezzlement.

Coverage Highlights and Advantages

  • Available as Agreement 1 only (Employee Dishonesty) or Agreements 1-6 + 8 for broader protection
  • Managing agent endorsement available
  • No financial statements required to bind coverage
  • Quick and simple online Submit-Quote-Bind process
  • Flexible limits from $10,000 up to $5 million
  • Various deductible options, including high-deductible structures to sit excess of other policies

Underwriting Notes and Minimum Premiums

The program accepts a wide range of associations with minimal underwriting requirements. Financials are not needed to bind, which helps you move quickly from quote to policy issuance. Minimum premiums vary based on limits and deductibles selected.

Territories and Availability

This program is available in most states, including but not limited to: CA, FL, NY, TX, IL, and WA. Coverage is offered on an admitted basis in most available states, providing additional peace of mind to your clients. Be sure to confirm state-specific availability when submitting your risk.

Why Work With Distinguished Programs?

Distinguished Programs is a trusted Managing General Agency (MGA) with deep experience in specialty insurance solutions. Their intuitive online platform streamlines the entire process—from submission to binding—saving you time and effort. With access to multiple carriers and a strong understanding of community association risks, Distinguished is a valuable partner for placing crime insurance for these types of accounts.

Frequently Asked Questions

What types of accounts are a good fit for this program?

This program is ideal for community associations such as HOAs, COAs, POAs, co-ops, and timeshares that need protection against fraud, employee dishonesty, or theft.

Do I need to submit financial statements to bind coverage?

No, financials are not required to bind coverage under this program, making the process faster and more efficient.

Is this coverage admitted?

Yes, the program is admitted in most available states, offering compliant and stable coverage options for your clients.

How do I submit and bind a quote?

Distinguished Programs offers an easy online Submit-Quote-Bind platform that allows you to quickly quote and issue policies in one step.

What is the minimum premium for this program?

Minimum premiums vary depending on the limits and deductible selected. Contact Distinguished Programs for a quick quote based on your client's needs.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Managing General Agency
  • Carriers:

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CONTACT INFORMATION

LOCATION

1180 Ave of the Americas, 16th Floor
New York, NY 10036
888-355-4626
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Distinguished Programs has other insurance programs like Builders Risk Insurance .