Program Highlights and Benefits

Arden Condominium Association Package Program

First program designed exclusively for condominium associations

Arden Insurance Services, LLC is a specialty managing general underwriter/agency with over 100 years of combined expertise providing broad, comprehensive coverage for condominium associations. Coverage is underwritten on behalf of AM Best “A” and “A-“ Rated Insurance Companies and supported through a panel of AM Best “A” rated global reinsurance carriers.  We offer both admitted and non-admitted solutions. Our program is only available through select experienced brokers. You cannot find this comprehensive program on the open market.

Program Highlights

  • Guaranteed Replacement Cost (GRC) – No dollar limitation for buildings, community personal property and structural glass and signs. If you don’t have GRC, you may not have full coverage.
  • Building Code Coverage – Automatically includes demolition and increased cost of replacement construction due to more stringent building codes.
  • Employee Dishonesty Coverage – Protects association funds from theft and embezzlement and coverage for the property manager is available. 
  • Machine and Equipment Coverage – Automatically includes damage caused by explosion of vessels under pressure and mechanical breakdown at Guaranteed Replacement Cost.

Key Benefits

Property
  • Guaranteed Replacement Cost
  • Property limits up to $200,000,000
  • Building Ordinance or Law Coverage – $300k included (higher limits available)
  • Sewer backup
  • Earthquake Sprinkler Leakage (EQSL)
  • Split deductible options available
  • Bare walls, Original specs, and All-in coverages available 
General Liability
  • Comprehensive General Liability – limit of $1M / $2M
  • Medical payments coverage for unit owners injured in common areas
  • Extended definition of bodily injury
  • Board members and officers included as insureds
Automobile
  • Hired & Non-Owned Auto
  • Garage and Parking Liability coverage
Crime & Fidelity
  • Employee Dishonesty
  • Forgery or Alteration
  • Computer and Funds Transfer Fraud 

Compare and see the difference:

Eligible Classes: Residential Condominium Associations, Mixed Commercial/Residential, Mixed Residential Condominiums with single family homes, and Phasing Associations

Available States: AZ, CA, IL, MI, NV, OR, UT, WA, WI

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