Condo Association Insurance in Oak Forest, Orland Park and Surrounding areas Throughout IL
Protecting Condo Associations in Oak Forest and Throughout Northeast Illinois Against Risk
From the theft of condo funds by a dishonest employee to a slip and fall by a condominium guest that results in a lawsuit, the risks that condo associations face are many. These risks can translate into significant costs, and for this reason condo associations need protection. At Jordan Insurance Services & Associates we have a comprehensive condo association insurance program, which is flexible.
We’ve insured condo associations for many years, and we offer a wide variety of coverages. For this reason among others we’ll give you the best possible insurance. Also, we’re hands-on, and this helps us forge and nurture long-term relationships with our clients. This is why we’ll ensure that your experiences are great.
Condo Association Insurance Coverage
Condo associations have shared ownership relationships with condo building residents, and for this reason condo associations are in shared insurance situations with condo building residents. This is why all condo associations purchase master insurance policies, which provide coverage for general liability, common area property, and directors & officers liability.
Coverages that are optional for any condo association insurance policy or plan include demolition & increased cost of construction, sewer or drain backup, and hired & non-owned auto. We’ll help you select the coverages that are best for you, and we’ll also ensure that your policy fits. We insure condo associations in accordance with the Illinois Condominium Act.
The coverages from which you can choose include but are not limited to:
- General liability insurance
- Property insurance
- Directors & officers (D&O) insurance
- Ordinance or Law Coverage
- Sewer or drain backup coverage
- Hired & non-owned auto coverage
- Crime & fidelity insurance
- Umbrella insurance
- Workers compensation insurance
As a client of ours you may be able to save money and time if you take advantage of benefits and discounts for which you may be eligible. Speak with an agent to learn about these benefits and discounts.
Knowledgeable, Experienced Agents Keeping You and Your Condo Association Secure
We shop many carriers in order to get the right coverages and also to get the most competitive premiums. We inspect all associations that we quote and we stay current on developments in the community association industry. We attend expos and we’re members of the ACTHA, and this is how we stay current.
We attend board meetings of the condo associations that we insure, and we also stay in touch with the condo associations that we insure. This enables us to know of changes in associations, and knowing of changes in associations helps us keep coverage complete. We regularly monitor the solutions that we write, and this also helps us keep coverage complete. Monitoring solutions enables us to also ensure that the rates that clients pay are always competitive.
Additional Condo Association Information:
- Homeowners Association Information and Resources (The Organization of Homeowners Associations of the USA (HOA-USA)
- Homeowners Association Details and Resources (Investopedia)
- Community Association Facts and Resources (The Community Association Institute)
We’re proud to provide condo association insurance in Oak Forest, Orland Park, Tinley Park, Mokena, New Lenox, and Homer Glen, IL. We also serve other areas in the state and we serve other states.