Ideal Accounts and Appetite
CondoPak is best suited for well-maintained residential community associations, including:
- Condominium associations
- Cooperative housing communities
- Planned unit developments (PUDs)
Preferred risks include properties with fire resistive, joisted masonry, or superior frame construction, and insured values up to $25 million. This program is not designed for apartment buildings, short-term rentals, or buildings with significant deferred maintenance.
Coverage Highlights and Advantages
The CondoPak program offers a broad range of coverage enhancements and optional limits to suit the unique exposures of community associations:
- Unique Property Broadening Endorsement
- 20+ Additional Customizable Property Enhancements
- Optional Higher Limits for:
- Earthquake
- Ordinance or Law
- 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
Underwriting Notes
This program is underwritten through an “A” rated admitted carrier (HDI Gerling), offering stability and financial strength. The program accepts risks up to $25 million in total insured value. Underwriting is focused on quality construction types and well-managed associations. There is no published minimum premium, but submissions should be complete to receive priority handling.
States and Availability
CondoPak is available on an admitted basis in the following 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 you have clients with properties in these states, this program can be a valuable solution to help you grow your condo and community association book.
Why Work With New Empire Group?
New Empire Group is a trusted program administrator with deep knowledge in the community association insurance space. With in-house underwriting authority and exclusive access to tailored coverages, they provide agents with the expertise and tools needed to place complex risks efficiently. You’ll benefit from responsive service, fast quote turnaround, and a program built specifically for this niche.
Whether you're helping a self-managed HOA in Virginia or a large condo high-rise in New Jersey, CondoPak can deliver the coverage flexibility and competitive edge your clients need.
Frequently Asked Questions
What types of accounts are a good fit for this program?
The CondoPak program is ideal for residential condominium associations, co-ops, and planned unit developments with good maintenance and acceptable construction types.
Is this program written on an admitted basis?
Yes, CondoPak is offered through an “A” rated admitted carrier, HDI Gerling, in all available states.
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 others.
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, especially for complete and well-documented submissions.
Need help placing an account? Connect with a market specialist.