Florida Re - Insurance

Insurance

Commercial Property Program for Residential Condominiums and Homeowner Associations

Florida Re is proud to launch its inaugural Commercial Property Program, specifically designed for residential condominiums and homeowner associations. This program focuses on providing comprehensive insurance solutions for commonly owned association property, while excluding unit-owners' property. Coverage is tailored for ISO Special Perils with additional options such as Ordinance or Law or the choice to restrict coverage to ISO Broad or Basic Perils.

Comprehensive Coverage for Florida's Commercial Residential Properties

If you are involved in managing the insurance needs of a condominium, apartment, cooperative, or a property owners’ association, Florida Re is your go-to provider. Our policies are crafted to cover the unique needs of Florida's commercial residential properties, ensuring that all commonly owned assets are protected under robust terms at a rate that is competitive for you.

Target Market:

Primary Focus: "Best of Class" Florida Condominiums and Apartment Buildings
Ideal Candidates: Properties that demonstrate superior secondary wind underwriting characteristics, including advanced roof designs, hurricane straps, and recent roof updates.
Coverage Extensions: Enhanced coverage options include ISO Broad and Special Causes of Loss Forms, along with multiple coverage extensions to cater to specific needs.
Higher Deductibles: Properties willing to retain some exposure for a substantial reduction in premium.

Target Risks:

Property Type: Condominium or Homeowner Associations, Garden Style Apartments
Quality Standards: Best of Class – properties with contemporary or adequate mitigation protections

Target Total Insured Value (TIV):

Range: $5 Million to $50 Million
Co-Insurance Options: Coinsurance options from 80%, 90% and 100% to suit your needs.

Geographical Focus:

Area: Exclusively within Florida

Why Choose Florida Re?

Matching Coverages: Our policies are designed to match or exceed industry standards, ensuring comprehensive protection without any coverage gaps.
Competitive Rates: We offer rates that are highly competitive within the industry, making our coverage affordable without compromising on quality.
No Policyholder Assessment: Unlike many insurers, Florida Re policies are free from any policyholder assessment, which can often amount to an additional 15%. This means stable premiums and no surprise charges for our clients.
Blanket Deductible Option: Opt for our blanket deductible feature to potentially realize significant savings, providing financial leverage and peace of mind during claims.

Get Started with Florida Re

Contact one of our dedicated local agents today to discuss how Florida Re can meet the insurance needs of your association with tailored solutions and expert care.