Coverage Highlights | Community Association Underwriters of America, Inc.

Common Exposures With Grave Financial Impact Are Often Overlooked In Other Insurance Policies

Guaranteed Replacement Cost for Building and Structures

With CAU YOU’RE COVERED!

Your Policy ?

YOU’RE COVERED!

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.

General Liability Coverage with No General Aggregate

With CAU YOU’RE COVERED!

Your Policy ?

YOU’RE COVERED!

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.

Employee Dishonesty Coverage for Community Manager and Firm

With CAU YOU’RE COVERED!

Your Policy ?

YOU’RE COVERED!

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.

Directors & Officers Liability Coverage for Non-Money Damage Lawsuits

With CAU YOU’RE COVERED!

Your Policy ?

YOU’RE COVERED!

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.

Claims Story

In life, there are both good and bad surprises. Finding two leaky oil tanks buried on association property definitely qualifies as a bad surprise. That’s the nightmare one condominium association insured by CAU recently faced.