Residential Complex insurance
Multi-building managed housing
developments and associations

What are the insurance needs of a centrally managed residential complex?
Your common-interest development
Your homeowners’ association or its property manager is in charge of managing and possibly selling the homes in your development. Associations are usually formed to allow the original planners and developers to separate from the community’s financial and legal responsibilities and turn over the reins to residents to manage their own common interests.
The property and its common areas require the management to insure against a host of potential risk and liabilities. The governance of your residential complex is similar to that of a municipality in that your homeowners association is responsible for the safety and security at common-use areas, as well as financial management. Maintenance fees paid by residents usually cover premiums for insurance of commonly-owned structures and areas.
CIG’s speed On-the-Spot Response™ and FastTrack Processing™ of claims can make a big difference in rectifying damage or loss before residents become irritated. Our risk management assistance can also help owner-residents participate in safety and security planning and prevention.
Types of organizations covered:
- Townhome complex or association
- Assisted living association
- Co-op or condo apartment complex
Coverage descriptions are for illustrative purposes and are intended solely to provide a general overview of potential coverage. Information included does not represent a contract or any other obligation. Only an insurance policy can define actual terms, conditions, rates and exclusions. Please consult your local agent for complete details.
Availability: CIG Commercial coverage is currently available in Arizona, California, Nevada, Oregon and Washington. Types of policies may vary from state to state.
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