Condo Association Master Insurance in Boston: How to Choose the Right Coverage

Choosing the right Condo Association Master Insurance in Boston is an important responsibility for every condominium board. The right policy can protect the building, common areas, association assets and board members from significant financial losses.

At Savin Jones Insurance Agency, we help condo associations in Boston and throughout Massachusetts compare coverage, understand policy limits and find competitive insurance options.

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What Does a Condo Master Insurance Policy Cover?

A Condo Association Master Policy typically covers the building and common areas, which may include roofs, exterior walls, hallways, stairways, elevators and other association-owned property.

The Master Policy works alongside each unit owner’s HO-6 condo insurance policy. The condominium documents and by-laws determine which property the association must insure and which property remains the unit owner’s responsibility.

Important Condo Association Insurance Coverage’s

When comparing Condo Master Insurance in Massachusetts, boards should consider more than the annual premium. Important coverage’s may include:

• Building Replacement Cost – Helps cover rebuilding costs after a covered property loss.
• General Liability – Protects the association against certain bodily injury and property damage claims.
• Ordinance or Law Coverage – Helps address eligible additional costs associated with current building codes after a covered loss.
• Directors & Officers (D&O) Insurance – Protects the association and eligible board members against certain claims related to board decisions.
• Fidelity and Crime Coverage – Helps protect association funds from certain theft or fraud losses.
• Equipment Breakdown – Provides coverage for certain mechanical and electrical equipment losses.
• Flood Insurance – May require a separate policy and should form part of the association’s insurance review.

Master Policy vs. HO-6 Insurance

Condo boards should make sure the Master Policy and individual HO-6 policies align properly.

The association’s condo documents and by-laws establish many of the insurance responsibilities between the association and individual unit owners. A professional review can help identify potential gaps before a claim occurs.

Looking for Condo Association Insurance in Boston?

Savin Jones Insurance Agency helps condominium associations compare Master Insurance Policies in Boston, Cambridge, Somerville, Brookline, Newton, Quincy and throughout Massachusetts.

Already have a Master Policy? Send us your current policy and condo documents. We can review your coverage, identify potential gaps and compare available insurance options.

Save up to 40% on Condo Association Insurance. Click above for a quote.

📞 Call (617) 474-9900 today or request your quote online.
👉 Get a Condo Association Insurance Quote in Massachusetts

Call Savin Jones Insurance Agency at 617-474-9900 today to request a Condo Association Master Insurance review.