Products
Umbrella/Excess Liability
Our Community Association high-limit Umbrella Insurance Product is dedicated to Community Associations and their specialized coverage needs. The product is available for nonprofit habitational community associations including homeowners' associations (HOAs), townhomes, residential/commercial condominiums (condos), and residential/commercial planned unit developments (PUDs).
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The Umbrella policy provides additional liability coverage over the GL, EL, and D&O insurance when the association suffers a catastrophic loss that exceeds those policy limits. CAIS offers five limits - $5 Million, $10 Million, $15 Million, $25 Million, and $50 Million*.
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*$50 Million limit includes a primary layer of A+ rated $25 Million Excess Liability (including EPLI), and a secondary layer of A++ rated $25 Million Excess Liability (excluding EPLI).
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Umbrella Coverage Highlights:
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Written on Admitted A+ Paper in 49 states & DC (excludes GA)
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Competitive Rates
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Direct Bill
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Disclosure of Terrorism
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Disaster Response Coverage Endorsement $50,000
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Claims Made Endorsement (where an underlying policy is Claims Made
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Following Form Named Insured
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Following Form General Liability
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Following Form Directors & Officers Liability
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Following Form Employers Liability (Coverage E)
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Following Form Employee Benefits Liability (Coverage E)
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Following Form EPLI to the extent that insurance is provided under underlying D&O
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Following Form Aggregate Per Location (multi-location risks must have “per location aggregate” on primary general liability policy)​
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Eligibility Requirements:
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Underlying Carrier: A.M. Best Rating A-VII or better
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General Liability: $1,000,000 Per Occurrence, $1,000,000 Personal & Advertising Injury, $1,000,000 Products/Completed Operations/Aggregate, & $2,000,000 General Aggregate Per Location (no "CAP")
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Automobile: $1,000,000 Auto Liability BI/PD Combined Single Limit for all autos
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Employers Liability: All States, $500,000 Each Accident, $500,000 Each Disease/Employee, & $500,000 Each Disease/Policy Limit
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Directors and Officers: $1,000,000 Per Occurrence and Aggregate
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Liquor Liability - Employee: $1,000,000 Per Occurrence and Aggregate
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Benefit Liability: $1,000,000 Per Occurrence and Aggregate
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Coverage Exclusions:
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Lead Liability Exclusion (Coverage E & U)
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Mold, Rot or Other Fungi Exclusion
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Earth Movement or Subsidence Exclusion
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Care, Custody or Control Exclusion
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Pollution Exclusion with Named Peril Exception
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Errors and Omission Exclusion (Real Estate Agent)
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Construction Defect Exclusion
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Foreign Liability Exclusion
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Contaminated Drywall Exclusion
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War Liability Exclusion
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Communicable Disease Exclusion
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Umbrella Liability Coverage U Exclusion
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“No Fault”, “Uninsured Motorist” or “Underinsured Motorists” Laws exclusion
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Umbrella New Business Submission Requirements
Due to current market conditions, the following are required to receive a quote for an umbrella New Business submission:
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Enter application and submit via MGAlive.com
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Upload 3 years currently valued loss runs for all underlying coverages. The loss run valuation date must be within 90-days of proposed policy effective date
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Submit with 10-day lead time
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If your agency is already appointed, quote now on MGAlive.com
Not appointed with CAIS yet? Click on the Join page.
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If you’d like to learn more about insurance protection for your Community Association customers, please contact:
Gary Deck
VP of Sales and Distribution
M: 916.212.8310 (best choice)
T: 888.833.4158 Ext. 109
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