Managing or owning a condo building comes with shared responsibility—and unique insurance needs. Condo building insurance helps protect the structure, common areas, and liability exposures of the property, ensuring both the association and residents are properly covered. At Maple City Insurance Services, we help condo associations, property managers, and building owners find coverage tailored to their property, bylaws, and level of risk.

What Condo Building Insurance Covers

Building & Structural Coverage
Protects the physical structure of the building, including walls, roofs, hallways, and shared systems.

Common Areas
Coverage for lobbies, stairwells, elevators, pools, gyms, and other shared spaces.

Liability Protection
Provides coverage if someone is injured in a common area or if the association is held responsible for property damage.

Association Property
Covers items owned by the association, such as maintenance equipment or furnishings in shared spaces.

Loss Assessment (Association Level)
Helps cover certain costs shared among unit owners due to covered claims.

Understanding Condo Coverage

Condo building insurance works alongside individual unit owners’ policies. The association’s master policy typically covers common areas and shared structures, while unit owners are responsible for their individual units and personal belongings.

We help ensure there are no gaps between the master policy and individual coverage.

Who This Coverage Is For

• Condo associations (HOAs)

• Property management companies

• Condo building owners

• Multi-unit residential properties

Why Condo Building Insurance Matters

Condo properties involve shared ownership and responsibility, which can make claims more complex. Without the right coverage, damage to the building or liability claims could lead to significant financial impact for the association and its members.

Condo building insurance helps protect the entire property and supports smooth operations.

Optional Coverage Enhancements

• Ordinance or law coverage (for building upgrades after a loss)

• Equipment breakdown (HVAC, elevators, etc.)

• Directors & Officers (D&O) coverage for association leadership

• Umbrella insurance for additional liability protection