Residential Condominiums and Homeowner Associations

The commercial property policy for associations provides coverage for the commonly owned association property, excluding the unit-owners property. Coverage is specific to property only and is for ISO Special Perils. Options include Ordinance or Law, or restricting the perils to ISO Broad.

American Coastal’s current primary underwriting target is “Best of Class” Florida Garden Style Condominiums. “Best of Class” risks place an emphasis on positive secondary wind underwriting characteristics such as roof shape, bracing, hurricane straps where needed, and age of roof coverings for all ISO 1-6 construction. The AmCoastal filed rating plan is designed to provide competitive pricing along with enhanced coverage, such as ISO Broad and Special Causes of Loss Forms as well as several extensions of coverage.

Target Risks

• Garden-style Condominium or Homeowner Associations

• Best of Class – properties with updated or adequate mitigation protection

Target TIV

• Garden-style $3M – $50M

Geographical Specialty 

• Florida only