Ideal Accounts and Appetite
CondoPak is designed for well-maintained residential community associations, including:
- Condominium associations
- Cooperative housing communities
- Planned unit developments (PUDs)
Preferred risks are associations with quality construction—fire resistive, joisted masonry, or superior frame—and with total insured values up to $25 million. The program is not intended for apartment-style rental buildings, short-term rental operations, or properties with significant deferred maintenance or unresolved safety issues.
Coverage Highlights and Advantages
CondoPak includes a robust set of coverages and optional enhancements tailored to community associations:
- Unique Property Broadening Endorsement
- 20+ customizable property enhancements
- Optional higher limits for select exposures:
- Earthquake
- Ordinance or law coverage
- Backup of sewer/drains and water damage
- Employee dishonesty
- Equipment breakdown coverage
- In-house underwriting authority for key endorsements, including:
- Commercial umbrella
- Directors & Officers (D&O)
- Environmental pollution
- Cyber liability / personal data security
- Fast turnaround on quotes and binding for complete submissions
Underwriting Notes
The program is underwritten through an “A” rated admitted carrier (HDI Gerling), providing admitted paper where available. New Empire Group will consider risks with up to $25 million in total insured value and focuses on well-managed associations with acceptable loss history and construction types. There is no published minimum premium; however, complete submissions receive priority handling and faster response times.
States and Availability
CondoPak is available on an admitted basis in these states:
- AL, DE, GA, IL, IN, KY, ME, MD, MA, MI, MS, NH, NJ, NY, NC, OH, PA, RI, SC, TN, VT, VA, WV, WI
If your client’s property is located in one of the states above, CondoPak can be a competitive admitted option for condo and community association placements.
Why Work With New Empire Group?
New Empire Group is a program administrator with deep experience in community association insurance. Agents benefit from dedicated underwriting authority, access to tailored endorsements, and a program built specifically for condominium, co-op, and HOA risks. The team emphasizes responsive service, straight-forward submission requirements, and quick quote turnaround to help you grow your association book.
Typical scenarios that fit CondoPak include a self-managed condo association seeking admitted property and liability coverage with higher ordinance limits, or a medium-sized HOA (well-maintained, centralized management) needing equipment breakdown and cyber options alongside general liability protection.
Frequently Asked Questions
What types of accounts are a good fit for this program?
CondoPak is ideal for residential condominium associations, co-ops, and planned unit developments that are well maintained and built with acceptable construction types.
Is this program written on an admitted basis?
Yes. CondoPak is offered through an “A” rated admitted carrier, HDI Gerling, where the state allows admitted placement.
Can I access higher limits for specific property exposures?
Yes. Optional higher limits are available for earthquake, ordinance or law, backup of sewers and drains, water damage, and employee dishonesty, among other coverages.
What is the maximum total insured value allowed?
Properties with up to $25 million in total insured value are eligible under the program guidelines.
How quickly can I get a quote?
New Empire Group offers fast turnaround on quotes and binding, particularly for complete, well-documented submissions.
Need help placing an account? Connect with a market specialist.