For Minnesota association boards and property managers

Minnesota HOA & condo association master policy insurance

Your association needs a competitive premium and coverage your board can explain. BIG reviews your master policy, renewal terms and available insurance options for the buildings and common property your association is responsible for.

Managing the renewal for a condo or townhome association? Bring your property manager into the conversation so we can coordinate the information and comparison.

Request a Master Policy Review Book a Call

Association coverage for boards and property managers. This review is not an application for an individual condo owner’s HO-6 policy.

Is your association’s renewal getting harder to afford?

A higher premium can leave your board choosing between a bigger insurance budget and terms it has not had to consider before. Send the current master policy and renewal proposal so we can look at the price change alongside the building limits, deductibles and roof coverage.

If your property manager already shops the account, share which insurers have been approached. We can discuss whether other suitable options are available and coordinate the review without sending competing submissions to the same insurer.

Compare the roof coverage and the deductible together

For a Minnesota condo or attached-townhome community, ask how each quote would handle a roof loss. Replacement-cost wording, actual-cash-value provisions, roof schedules and exclusions can change the comparison. A lower premium deserves a closer look when more of a loss stays with the association.

Ask whether a wind or hail deductible is a dollar amount or a percentage, what value the percentage uses, and whether it applies by building or occurrence. We can work through the quoted terms with your board before it makes a decision.

Start with the property your association must insure

The declaration, bylaws and applicable Minnesota law help define the association’s insurance responsibilities. Bring those documents along with the building schedule, unit count and current policy. Do not assume every condo or townhome community has the same responsibilities.

Our review can include the master property coverage, association liability, directors and officers liability, crime or fidelity coverage, and other coverages appropriate to the community. We explain available options and the differences the board should consider.

For property management companies

If you manage several associations, start with the next renewal or the account whose terms changed most. Identify each association separately and tell us who handles documents and who approves coverage. We can discuss a coordinated review while keeping each board’s decisions and policy details clear.

Your management company’s own insurance is a separate conversation. Tell us if you also want to review that coverage; an association master policy should not be assumed to replace it.

Association coverage

Coverage your association may need to review

Buildings and common property

Coverage for association-owned buildings, structures, equipment, and common areas.

Learn more →

General liability

Protection for certain claims involving bodily injury or property damage connected to the community.

Learn more →

Directors and officers liability

Coverage that may help protect board members and the association from certain claims involving management decisions.

Crime and fidelity coverage

Protection that may respond to certain theft, fraud, or dishonest acts involving association funds.

Equipment breakdown

Coverage for certain mechanical or electrical failures affecting covered community equipment.

Umbrella or excess liability

Additional liability limits that may sit above eligible underlying association policies.

The review process

A clearer way to review association insurance

Tell us about the community

Complete the review form and share the current policy when it is available.

We examine the coverage

BIG reviews property values, deductibles, limits, exclusions, loss information, and association responsibilities.

You receive a clear comparison

We explain available options in straightforward language so the board can make an informed decision.

Request a Master Policy Review

Questions from association boards

Frequently asked questions

Who is this master policy review for?

Minnesota HOA boards, condominium and townhome associations, and property managers arranging insurance for an association. It is not an individual condo-owner policy quote.

Can you review a policy our property manager already shops?

Yes. Share the current renewal and the insurers already approached. BIG can discuss whether additional suitable options are available and coordinate with your property manager.

What should our board send first?

Start with the association name, property address, unit count, renewal date and current premium. The current policy, renewal proposal, building schedule, loss history and governing documents help complete the review.

Will a lower premium mean less coverage?

Not necessarily, but compare the policy terms before deciding. Deductibles, building values, roof settlement terms, limits and exclusions can explain part of a price difference. A review does not guarantee savings or an offer of coverage.

Does this review cover townhome associations?

Yes. For a Minnesota townhome association, start with the buildings and common property the association is responsible for insuring. Share the governing documents and roof information so the review can address coverage responsibilities and deductible terms.

Coverage depends on policy terms, conditions, exclusions, underwriting, and applicable law. Insurance products and services are available only where Burch Insurance Group and the relevant professionals are appropriately licensed.