Condo associations face unique responsibilities—maintaining shared property, coordinating with unit owners, and managing risks that affect an entire community. At Comegys Insurance Agency, we help associations review available insurance options so they can make informed decisions that align with their bylaws, budgets, and long-term goals.

As an independent agency, we work with multiple insurance carriers. This allows us to help assess a range of policies and coverage types to find options that fit your association’s needs. There is never a guarantee that coverage will be available, but our team is here to guide you through what may be appropriate for your property and governance structure.

Every association is different, and policy terms vary by carrier. Typical coverages that may be available include:

Building Coverage
Options may include coverage for the building’s structure, common areas, roofs, hallways, elevators, and other shared components as outlined in your governing documents.

General Liability
Policies may provide liability coverage for the association for certain incidents occurring in common areas.

Directors & Officers (D&O)
Options may be available for associations seeking coverage related to board decisions made on behalf of the community.

Property Damage
Depending on the policy, this may include coverage for damage to shared property caused by covered perils such as fire, storms, or vandalism.

Crime & Fidelity Coverage
Some associations may want to explore coverage options for theft of association funds or dishonest acts by individuals handling money.

Equipment Breakdown
Coverage may be available for mechanical or electrical failures involving shared systems like elevators, HVAC units, or boilers.

Flood Insurance
Flood coverage is not included in standard property policies. Flood insurance may be available separately depending on eligibility and carrier availability.

Condo associations choose Comegys for our high-level service, personal guidance, and longstanding presence in the St. Petersburg community. Since 1939, we’ve supported associations, communities, and property managers in navigating insurance options with clarity and transparency.

We help your board understand:

• What coverages your bylaws may require
• Differences between “all-in,” “walls-out,” and “bare walls” coverage types
• How unit-owner policies (HO-6) interact with the association’s master policy
• Which risks may be relevant based on location, occupancy, and property characteristics

Our goal is to provide information so your board can make confident decisions.