Coverage Highlights
Common Exposures With Grave Financial Impact Are Often Overlooked
In Other Insurance Policies
| Guaranteed Replacement Cost for Building and Structures |
With CAU |
Your Policy |
Normal Replacement Cost = $20 Million Policy Limit. A weather or other
natural disaster places strain on local building supplies and labor force.
Prices inflate. Your Immediate Replacement Cost Now = $27 million.
|
YOU’RE
COVERED! |
? |
| No General Aggregate |
With CAU |
Your Policy |
Your General Aggregate Limit is the most your insurance company will
pay for any and all accidents and claims for the whole year. If your General
Aggregate is $4 million and you have three claims in one year and each
one is $2 million, it could cost your association $2 million.
|
YOU’RE
COVERED! |
? |
| Employee Dishonesty Coverage for Property Manager and Firm |
With CAU |
Your Policy |
If you hired your Professional Manager or Management Firm as an
Independent Contractor, and they embezzle $300,000 from your association,
in almost all cases their bond does not cover your loss in the case of their
dishonesty.
|
YOU’RE
COVERED! |
? |
| Directors & Officers Liability Coverage for Non-Money Damage Lawsuits |
With CAU |
Your Policy |
The majority of lawsuits against association boards are non-monetary in nature.
They are often filed over such issues as enforcement of rules, pet and parking
regulations, or allegations of discrimination. CAU provides coverage for such
legal defense costs relating to non-money damage lawsuits against board members.
|
YOU’RE
COVERED! |
? |