Residential Condominiums and Homeowner Associations

The commercial property policy for associations provides coverage for the commonly owned association property, excluding the unit-owners property. Coverage is specific to property only and is for ISO Special Perils. Options include Ordinance or Law, or restricting the perils to ISO Broad.

American Coastal’s current primary underwriting target is “Best of Class” Florida Garden Style Condominiums. “Best of Class” risks place an emphasis on positive secondary wind underwriting characteristics such as roof shape, bracing, hurricane straps where needed, and age of roof coverings for all ISO 1-6 construction. The AmCoastal filed rating plan is designed to provide competitive pricing along with enhanced coverage, such as ISO Broad and Special Causes of Loss Forms as well as several extensions of coverage.

Target Risks

• Garden-style Condominium or Homeowner Associations

• Best of Class – properties with updated or adequate mitigation protection

Target TIV

• Garden-style $3M – $80M

Geographical Specialty 

• Florida only

Windstorm Loss Mitigation Savings

AmCoastal offers savings to consumers who install or implement windstorm damage mitigation techniques, alterations, or solutions to their properties to prevent windstorm losses. Savings, in the form of discounts, credits, other rate differentials, or reductions in deductibles, are available for properties on which fixtures or construction techniques demonstrated to reduce the amount of loss in a windstorm have been installed or implemented. The fixtures or construction techniques include, but are not limited to:

• Fixtures or construction techniques that enhance wind uplift prevention

• Roof strength

• Roof covering performance

• Roof-to-wall strength

• Wall-to-floor-to-foundation strength

• Opening protection

• Window, door, and skylight strength

Other savings may be available to you. Speak with you agent to determine your eligibility.