How to insure a habitational association risk

1. How to insure a habitational association risk

2. Condo / Apartment WRAP • Designed to provide required coverage for condominium, apartment and homeowners association risks, other than the basic perils property policy. • A perfect fit when using Citizens Property Insurance Company on association property.

3. Condo / Apartment WRAP • Available coverages • Commercial General Liability • Difference In Conditions (DIC) • Boiler & Machinery • Directors & Officers Liability (Condo) • Commercial Umbrella • Hired & Non-Owned Auto • Garagekeepers Legal Liability • Loss of Rents (apartments)

4. Commercial General Liability • Limits available up to $1,000,000 per occurrence $2,000,000 aggregate. • Rating basis is number of units, number of swimming pools, and commercial exposures, if they exist.

5. Difference In Conditions (DIC) • This policy provides coverage for the perils excluded from the Citizens Basic Perils policy. This essentially results in a Special Form Policy also referred to as “All Risk” coverage. • This policy is available on a monoline basis or in conjunction with the GL WRAP policy.

6. Directors & Officers Liability • A current financial statement is required. • D&O application is also required.

7. Garagekeepers Legal Liability • Available for condominium associations offering valet parking to residents and guests. • Limits available up to $1,000,000.

8. Loss Of Rents • Coverage not available from Citizens. • Available ex-wind or with wind. • Available only for apartment risks. • Can be combined with our DIC policy. • Fills a gap in the Citizens policy.

9. CITIZENS POLICY Start with the “Basic Form” policy available from Citizens Property Insurance Company.

10. DIC - SPECIAL FORM CITIZENS POLICY Add Braishfield’s Difference In Conditions policy. This adds the coverage needed to equate to a “Special Form” property policy.

11. DIC - SPECIAL FORM CITIZENS POLICY Commercial General Liability is next. Available with a per occurrence limit of liability of $1,000,000. COMMERCIAL GENERAL LIABILITY

12. DIC - SPECIAL FORM If needed you can add specific coverage for generators, pumps and other equipment through our boiler and machinery policy. CITIZENS POLICY COMMERCIAL BOILER & MACHINERY GENERAL LIABILITY

13. DIC - SPECIAL FORM CITIZENS POLICY FIDELITY BOND Employee Dishonesty bond, required by most associations. COMMERCIAL BOILER & MACHINERY GENERAL LIABILITY

14. DIC - SPECIAL FORM CITIZENS POLICY FIDELITY BOND Hired and Non-Owned auto liability is a must! COMMERCIAL BOILER & MACHINERY GENERAL LIABILITY HIRED & NONOWNED

15. COMMERCIAL AUTO DIC - SPECIAL FORM CITIZENS POLICY FIDELITY BOND Although few associations own any vehicles, owned auto coverage is available. COMMERCIAL BOILER & MACHINERY GENERAL LIABILITY HIRED & NONOWNED

16. COMMERCIAL AUTO Although many condos do not have employees, they still have a work comp exposure. We can provide coverage for association risk with or without actual payroll. DIC - SPECIAL FORM WORKERS' COMP CITIZENS POLICY FIDELITY BOND COMMERCIAL BOILER & MACHINERY GENERAL LIABILITY HIRED & NONOWNED

17. COMMERCIAL AUTO DIC - SPECIAL FORM Director’s & Officer’s liability coverage is invaluable. It covers the errors and omissions of the members of the board of directors. WORKERS' COMP CITIZENS POLICY FIDELITY BOND COMMERCIAL DIRECTOR'S & OFFICER'S BOILER & MACHINERY GENERAL LIABILITY HIRED & NONOWNED

18. COMMERCIAL AUTO DIC - SPECIAL FORM The final piece of the condo association insurance puzzle is the commercial umbrella. Available limits up to $50,000,000. WORKERS' COMP CITIZENS POLICY FIDELITY BOND COMMERCIAL DIRECTOR'S & OFFICER'S BOILER & MACHINERY GENERAL LIABILITY COMMERCIAL UMBRELLA HIRED & NONOWNED

19. COMMERCIAL AUTO DIC - SPECIAL FORM Once you place the Citizens policy, all the other pieces of the condo package policy puzzle are available at one place. WORKERS' COMP CITIZENS POLICY FIDELITY BOND COMMERCIAL DIRECTOR'S & OFFICER'S BOILER & MACHINERY GENERAL LIABILITY COMMERCIAL UMBRELLA HIRED & NONOWNED

20. COMMERCIAL AUTO DIC - SPECIAL FORM When writing an apartment complex, just replace Directors & Officers with Loss of Rents. WORKERS' COMP CITIZENS POLICY FIDELITY BOND COMMERCIAL LOSS OF RENTS BOILER & MACHINERY GENERAL LIABILITY COMMERCIAL UMBRELLA HIRED & NONOWNED

21. Product availability is subject to change 5/25/06