The Buckner Company partners with only the top rated insurance companies in the country. In addition to setting high standards for ourselves and the companies we work with, we strive to make connections that most benefit our clients. For those in the community association and homeowner association business, that means working with Community Association Underwriters of America (CAU). CAU is the leader in community association insurance protection, providing coverage for thousands of associations across the United States and worldwide. With broader and more comprehensive coverage than other carriers offer, CAU is a smart choice for your homeowner’s association insurance policy.CAU and The Buckner Company are able to offer you Homeowner’s Association coverage for a wide variety of situations:
Guaranteed Replacement Cost for Buildings and Structures
This for of loss settlement will pay the full cost of repairing or replacing damaged property without a reduction for depreciation and without a dollar limit. This protects you against a sudden increase in construction costs due to a shortage of labor or building materials. Most replacement cost plans have limits on how much can be collected in case of a claim.
No General Aggregate With a general aggregate, there is a limit to how much support your insurance company is willing to provide you during any given year. We offer a guaranteed replacement cost policy that will pay whatever it costs to rebuild your facility as it was before a particular disaster, even if it exceeds the policy limit. This also gives you protection against sudden increases in construction costs.
Directors and Officers Liability Coverage This coverage provides financial protection for the directors and officers of your association in the event they are used in conjunction with the performance of their duties for the association.
Environmental Impairment Liability Environmental impairment liability site coverage (EIL) is a policy that helps cover the environmental risks that come with owning or operating a facility or site.
Employee Dishonesty Coverage This protects your association from financial loss due to the fraudulent activities of one or more employees—for example, an independent contractor. The coverage includes protection for loss of money, securities, and other property of the insured.
Want more information or a no obligation proposal? E-mail info@buckner.com and we'll get started.