Homeowners Associations and PUD

U.S. Insurance Services offers a comprehensive property and liability policy that addresses the unique coverage requirements of single family homeowner associations. In addition to providing many limit options, this program can be tailored to meet the requirements of lending institutions as well as regulatory authorities. Coverage Features Liability Comprehensive General Liability – Limits to $3,000,000 Coverage for golf courses available Property management companies named as additional insured on crime coverage Landscape coverage including vandalism Coverage for fund raising events Club members named as additional insureds Employee Benefits Liability Umbrella Coverage – Limits up to $10,000,000 Property Blanket limits Pollutant clean up and removal — $25,000 Fire department service charge — $25,000 Newly acquired property — 90 days Personal effects — $5,000/$25,000 Property of others — $10,000 Valuable papers — $50,000 Outdoor property/debris removal — $25,000 Emergency vacating expense — $15,000 Identity theft expense — $2,500 Terrorist travel reimbursement — $1,000 Kidnap/ransom — $50,000 Key individual replacement expense — $50,000 Accounts receivable — $25,000 Business income and extra expense (including contingent) — $100,000 EDP equipment — $50,000 Fire extinguisher recharge — $1,000 Reward reimbursement — $5,000 Inventory and appraisals of loss — $1,000 Spoilage — $25,000 Fine arts — $25,000 Backup of sewers/flood damage- $25,000 Property in transit — $50,000 Off-premises power failure — $25,000 Earthquake sprinkler leakage — $10,000 Documents Required for Proposal Completed and signed company application Current financial statement or budget Plot plan of the community Photo of any added exposure (playground, pool, etc.) Loss run s or statement of losses on the community’s letterhead Call 1-800-874-1738 x201 Directors & Officers Liability Program U.S. Insurance Services Community Association Directors & Officers Liability insurance is uniquely designed to meet the needs of condominium & homeowner associations with less than 250 units or 1,000 lots. The policy is enhanced by the Community Association Pro-Pak endorsement (PI-DO-100). Coverage Highlights Broad definition of individual insured includes director, officer, trustee, volunteer and committee member Defense costs for non-monetary relief claims Defense costs for breach of contract Coverage can be scheduled to include an outside property manager Defense costs for failure to seek legal action against developer Optional duty to defend provision, affords insured’s participation in selection of counsel Defense costs for failure to collect or assess dues Defense costs for American with Disabilities Act claims Modified insured vs. insured exclusion for unit owners Bell Endorsement – provides coverage for indentify theft expenses, terrorism travel reimbursement, emergency real estate consultation, temporary meeting space expenses, workplace violence counseling, theft of work materials, kidnap ransom expenses, key individual replacement and crisis management expenses. Underwriting Criteria Available in all states except CA, FL, TX Condominium / Homeowner Association D & O Liability Application or current version of competitor application Supplemental claim form if applicable Purchase of Condo / HOA Package Policy Average unit value of $500,000 or less No builder or developer on the board 100% residential occupancy No employees 10 reasons to choose U.S. Insurance Services Crime/employee dishonesty that provides additional insurance to the property management company Coverage for golf course and homeowners association available under the same package policy Backup of sewers — $25,000 Loss control services available Direct bill interest-free installments Coverage for pools, playgrounds, lakes, and trails Underwriters who understand the homeowner association’s operations Volunteer workers covered while performing duties for the association Coverage for special events A+ Rated Company