Call NRS 1-866-417-4855 | Instant Phone Quote 1-888-875-1969

    Condo Program Quoting


    All carriers are A.M. Best rated A or higher. Not all business will qualify and may not be available in all states. The Underwriting and Coverage options below are a general summary. Coverage may vary depending on the state and risk. Please contact your Account Executive for details specific to your risk.

    Click on the Products Below

    Condo HO6 (Submit for Rate)

    Product Advantages

    • Available in all 50 states
    • Wind/Hail deductibles 2%, 3%, 5% or 10% (Some states may require construction to be Masonry/Concreate if risk is a coastal exposure)
    • AOP deductibles $1,000, $2,500, or $5,000
    • Coverage for Hurricane shutters (electric/manual roll down) if not installed by condo association
    • Coverages included in rate:
      – Personal Liability $300,0000 limit
      – Water Backup $5,000 limit
      – Mold $5000 limit
      – Loss Assessment $5,000 limit
      – Loss of Use up to 50% of Coverage A

    Eligibility Criteria

    • Owner, secondary or tenant-occupied condominium units
    • Vacant and Renovation acceptable
    • Minimum TIV $25,000 up to a Maximum TIV $1 million
    • Risks in Protection Class 1 through 10
    • Coastal exposures (some restrictions may apply)

    Ineligible Risks

    • Year built older than 1980
    • Risks with wood stoves or space heaters
    • Units with business exposures (except incidental office occupancies), child care, and farm/ranch exposures
    • Rented to college students
    • Plumbing systems with galvanized pipes
    • Electrical systems utilizing fuses
    • Knob and tube and aluminum wiring
    • Electrical systems with less than 100 amp service
    • Risks located in Monroe County, FL

    Submission Requirements

    • A completed application

    Condo Owners & Renters (HO4/HO6)

    Product Advantages

    • Available in all states (except where risk is located in AK, AL, CA, FL, HI, KY, LA, MS, OR WV)
    • Personal lines forms for entities other than individuals
    • Can include Condo. Association as additioCondo Owners & Renters (HO4/HO6) nal insured
    • Business Resource Center: Provides centralized access to business solution vendors for all policyholders including:
      • – Human resources services
      • – Pre-employment and tenant screenings
      • – Identity theft protection
      • – Marketing resources
    • Personal Injury included
    • Medical Payments included at $5,000

    Eligibility

    • Applicant is owner of condominium unit or co-op unit
    • Named insured can be individual (s), trust, estate, limited partnership, family partnership, or LLC
    • Coastal exposures are acceptable (excluding wind and hail coverage)
    • Short-term rentals
    • Applicants with one prior loss in the last three years
    • Protection class 1-9

    Available Limits & Deductibles

    • Coverage A up to $500,000
    • Coverage C up to $200,000
    • Coverage D up to $50,000
    • Loss assessment up to $50,000
    • Personal Liability up to $1M
    • $500 base deductible for non-coastal unit occupied annually by renter or owner
    • $1,000 base deductible for unit occupied seasonally

    Ineligible Risks

    • Applicant is an entity who purchased the unit for use by employees
    • Unit has wood stoves or space heaters
    • Unit has a business exposure, child care or farm exposures
    • Unit is undergoing renovation
    • Unit is rented to college students or has roomers/boarders
    • Protection class 10
    • Risks located in AK, AL, CA, FL HI, KY, LA, MS, or WV

    Submission Requirements

    • A completed application

    Maximus Online Condo Program

    If you do not have access to Maximus or the Aspen product in Maximus, please send an email to maximussetup@nrsinsurance.com including the name of your agency, producer ID, your first and last name, and email address.

    *Online quoting available in AL, FL, GA, NY, NJ, & TX. For all other states, please contact your Account Executive.

    Product Advantages

    • Minimum premium starting at $500
    • Premium credits available
    • $10,000 Loss of Use Included
    • $300k and $500k Liability Limits available
    • Replacement Cost (Additions & Alterations and Contents)

    ProductEligible Risks

    • Coastal risks acceptable
    • Wind, Flood & Earthquake available (special restrictions apply)
    • Occupancies – Primary, Secondary, Seasonal & Rentals
    • Frame & Masonry structures
    • Corporate Names acceptable
    • Maximum TIV $800,000