Broadwater Insurance Agency

Condo Association Insurance in California

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Broadwater Insurance Agency | Insurance in California

At Broadwater Insurance Agency, we understand the unique insurance needs of condo associations across California. Whether your community is located along the coast or nestled inland, protecting your shared property and managing association responsibilities is a top priority. With a Condo Master Policy tailored for California associations, you can help safeguard your buildings, common areas, and financial wellbeing from unforeseen risks.

Condo Association Insurance California

What Is a Condo Master Policy?

A Condo Master Policy, often referred to as condo association insurance, is designed to provide coverage for property and liability exposures related to the shared elements of a condominium complex. These typically include structures like roofs, elevators, hallways, stairwells, and exterior walls, along with common areas such as clubhouses, pools, and landscaping.

In California, the scope of a master policy can vary depending on the condominium’s governing documents and the needs of the association. Some policies may cover only the bare walls of units, while others extend to certain interior finishes. Reviewing your condo’s Covenants, Conditions, and Restrictions (CC&Rs) is an essential step toward understanding the policy that best fits your community.

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Why Do California Condo Associations Need Insurance?

California presents a diverse range of environmental and legal risks that can impact condo associations. From wildfires in the foothills to flooding in coastal areas and seismic activity across the state, the exposure to natural disasters is higher than average. Additionally, legal liability related to injuries or property damage in shared spaces is a serious concern.

Having condo association insurance may help with:

  • Repair or replacement of shared property
  • Liability claims arising from common areas
  • Ordinance or law requirements
  • Directors and officers (D&O) coverage for board members
  • Legal defense and settlement costs

These protections may help associations remain financially stable and in compliance with California’s legal requirements for homeowners associations.

  • While every policy is different, condo master policies in California may include several core components. These often include:

    • Property Coverage: May help cover damage to shared buildings, clubhouses, garages, and other association-owned property.
    • General Liability Insurance: May help protect against third-party injury or property damage claims that occur in common areas.
    • Building Ordinance or Law: May assist with costs associated with meeting updated building codes after a loss.
    • Equipment Breakdown: May provide coverage for systems such as elevators or HVAC units that fail due to mechanical issues.
    • D&O Liability: May help protect board members from claims related to governance decisions made on behalf of the association.
    • Crime or Fidelity: May cover theft or dishonest acts involving association funds or property.

     

    Each condo association has different risks and responsibilities. Working with an experienced agency like Broadwater can help you explore policy options that align with your community’s size, structure, and exposure.

  • California has specific laws governing the insurance responsibilities of condominium associations. According to the Davis-Stirling Common Interest Development Act, associations are generally required to carry property and liability insurance to protect the common interest development. In some cases, these requirements are outlined directly in the association’s CC&Rs or bylaws.

    Additionally, regulations may require transparency in how insurance decisions are made and communicated to unit owners. It’s important for board members and property managers to stay informed and work with knowledgeable insurance professionals to maintain compliance.

  • Responsibility between the condo association and individual unit owners is typically divided based on what’s defined as “common elements” versus “individual units.” The master policy usually covers the common elements and possibly certain structural parts of the units, depending on the policy type (bare walls, single entity, or all-in).

    Unit owners may still need their own HO-6 condo policy to cover:

    • Interior improvements
    • Personal belongings
    • Loss assessment
    • Personal liability

     

    Clear communication between the board, the insurer, and unit owners can help avoid coverage gaps. Understanding the boundaries of the Condo Master Policy allows both associations and residents to protect their interests appropriately.

  • Broadwater Insurance Agency brings decades of experience helping California condo associations navigate their insurance needs. From coastal communities to urban complexes and mountain resorts, we understand the regional factors that influence your coverage decisions.

    Our team takes time to review your governing documents, assess your exposures, and present coverage options from top-rated carriers. We’re available to attend board meetings, explain policy language in plain terms, and support you in making informed decisions.

    Whether your association is looking to renew an existing policy or evaluate new coverage for a developing project, we provide thoughtful, professional guidance every step of the way.

  • When seeking a quote for condo association insurance in California, it’s helpful to have the following information ready:

    • Details about the number and type of units
    • Year the buildings were constructed or renovated
    • Total insured value of property to be covered
    • Current insurance declarations pages (if applicable)
    • Loss history from the past 3–5 years
    • A copy of your CC&Rs

     

    Providing accurate and complete information enables your insurance agent to present coverage options that match your community’s needs and budget.

Condo Association Insurance California

Ready to Learn More About Condo Association Insurance in California?

Broadwater Insurance Agency is here to help California condo associations protect what matters most. Whether you’re managing a small building or a large-scale development, our team is committed to delivering personalized support and professional service.

Let’s talk about how a Condo Master Policy may help safeguard your community today—and into the future.

Contact us today to schedule a consultation or request a customized quote.

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9421 Chapman Ave
Garden Grove, CA 92841

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