Our office will close at 1:00 PM EST on Friday, May 24th. We will reopen on Tuesday, May 28th at 9:00 AM EST in observance of Memorial Day.
We are excited to announce effective immediately our newest offering Ö
Workers Compensation Coverage for Property Managers; Condominium Associations and Building Operations by Owners. Coverage is provided by an A- X with a positive outlook rating from A.M. Best Company. Coverage is available in most states, excluding Monopolistic States.
Policy is written Direct Bill with up to a 10 payments option; Commission Payable is 6%. You can find this program option when you first login; just click on request Workers Compensation Quotes for Property Managers and Condo Associations.
Please click on Products & Services for full details on this and the following programs:
- Environmental Impairment Liability-Offers protections to your clients for their pollution exposures
- Equipment Breakdown coverage to your Associations, Apartments, Hotels/ Motels and now Restaurants too!
- Higher Umbrella limits up to $50 Million
- Lessor's Risk Umbrella coverage up to $50 Million
Thank you for doing business with Preferred Property Program®.
Service Is Our Specialty; Protecting You Is Our Mission.®
--Last updated: May 17 2013 8:41AM
Preferred Property Programs is excited to announce that XL Insurance Group- Greenwich Insurance Company has partnered with us to offer high limit umbrella options to our insureds.
Preferred Property Program® offers a suite of products designed for Community Associations and/or other Building Operations by Owners class of businesses. These products include:
- Umbrella Products
- Environmental Impairment Liability (Pollution)
- Equipment Breakdown/ Boiler and Machinery Policies
- Workers Compensation Policies
These Insurance Programs are designed for Condominiums, Cooperatives, Homeowners Associations, Planned Unit Developments, COA's; HOA's; PUDíS's; Co-Ops, Apartments and Lessor Risks types of accounts. Preferred Property is a Program Administrator together with JGS Insurance specializing in Community Association Insurance; for the following companies:
XL Insurance Group- Greenwich Insurance Company -This is our NEW High Limit Umbrella Program utilizing our Risk Purchasing Group. - Limits available are $5,000,000, $10,000,000, $15,000,000, and $25,000,000 from Greenwich Insurance Company. For Condo's, Co-Op's, PUD's, Apartments, Lessors Risk as well as Master Associations. This program is Available for High Rises to 35 stories (Higher Buildings may be eligible on referral). Please see the highlights of coverage available here.
Chubb Group of Insurance Companies - This is our Low Limit Umbrella Program available through JGS - Limits available is from One Million to Five Million, or anywhere in between. Underlying requirements for this program is A-VI, NEW as of 04/01/2011, a $1,000,000 underlying D&O limit is now acceptable. All other limits (General Liability, Auto Liability) are also at a $1,000,000 underlying limit. Community Associations, Condominiums, Co-Operative Apartments, COA's, PUD's, HOA's, and Master Associations will qualify for this product.
We also offer a $25,000,000 excess of $25,000,000 Chubb policy. The Chubb excess policy excludes follow form EPLI, but follows form for the other underlying coverages.
CNA Insurance Companies - Our Equipment Breakdown, Boiler and Machinery Program - Binding authority granted for this program is up to $50,000,000 in property values, We offer a combined Property Damage, Business Income and extra expense with a limit of $5,000,000. We can offer optional increased combined limits of $10,000,000, $15,000,000, $20,000,000, and up to $50,000,000. Various deductibles are available. Community Associations, Condominiums, Co-Operative Apartments, PUD's, HOA's, Hotels/Motels, Garden Style Apartments and Master Associations will qualify for this product. This product is available through JGS. Also available for Hotel and Motel exposures.
XL Insurance Group-Greenwich Insurance Company EIL - This is our Environmental Product from Greenwich Insurance Company. Limits available are $250,000, $500,000, and $1,000,000 with a $5,000 Self Insured Retention. Due to our utilization of our Risk Purchasing Group for this coverage there are no minimum premiums. We have seen quotes as low as $500.00 for a $1,000,000 limit on a typical 75 unit condominium association and apartment complexes. HOA'S are even more competitive than this.
Protect your Habitational accounts from sudden, unknown or historical pollution conditions.
- First and third-party coverage for pollution conditions
- Cleanup expenses
- Legal defense expenses incurred in the investigation, adjustment, settlement and defense of a claim.
Use the navigation bar above to find more about our community associations insurance programs, get condominium umbrella and/or equipment breakdown/boiler quotes, or click here to find out more about us!