Condominium Association Insurance
We insure associations of all sizes
Protect your community with the right coverage
A single gap between your master policy and unit-owner coverage can lead to significant liability and costly special assessments.
At Truska Insurance, we specialize in condo association insurance in Chicago—designing master programs that align with your governing documents and protect your board, residents, and community. With experience insuring everything from small buildings to high-rise towers, we understand Chicago’s unique risks and tailor coverage to match.
Chicago condo associations choose Truska for our deep expertise in this niche
No two associations are structured the same way — which is why a one-size-fits-all policy rarely provides adequate protection. Truska Insurance designs condo association insurance programs in Chicago tailored to your community’s governing documents, shared elements, reserve fund strategy, and long-term capital plans. We insure the following association types throughout Chicago and Chicagoland:
Condo Assoc
Co-ops
Homeowner Assoc
Townhouse Assoc
Why Chicago Condo Associations Trust Truska With Their Insurance Program
Chicago condo associations choose Truska for our deep expertise in this niche. We guide boards through key decisions—from selecting the right master policy structure to ensuring D&O coverage protects individual members. As an independent agency, we compare top carriers to design programs tailored to your building—so your board can act with confidence and your residents are fully protected.
Customized Condo Association Insurance Coverage
Commercial Property
Commercial property coverage is the foundation of every condo association master policy. It protects the building’s structure, common area finishes, shared equipment, and physical assets against fire, theft, vandalism, water damage, and severe weather — including Chicago’s harsh winters. We work with you to establish replacement cost values that reflect actual rebuilding costs, not outdated estimates.
Commercial General Liability
General liability insurance protects your business from financial losses related to third-party claims of bodily injury, property damage, and personal or advertising injury. It covers situations such as a customer slipping and falling at your location, accidental damage to a client’s property, or claims of libel or slander.
Cyber Liability
Cyber liability insurance protects your business from financial losses related to data breaches, cyberattacks, and other digital threats. It can cover costs such as data recovery, system restoration, legal fees, regulatory fines, customer notification, and credit monitoring for affected clients.
Fidelity | Crime
Fidelity and crime coverage is essential for any condo association that collects assessments, maintains a reserve fund, or works with a property management company. It protects against embezzlement, employee theft, forgery, and fraud — risks that are more common in community associations than most boards realize. Illinois law and many lenders require a minimum fidelity bond; we ensure your coverage meets those requirements and reflects the actual funds at risk.
Workers’ Compensation | Employer Liability
Workers’ compensation covers medical expenses, lost wages, and rehabilitation costs for employees injured on the job, regardless of fault. Employers’ liability coverage helps protect the business from legal costs and damages if an employee sues over a work-related injury or illness not fully covered by workers’ compensation.
Commercial Umbrella
A commercial umbrella policy gives your condo association an extra layer of liability protection above your general liability, D&O, and employer liability limits. For Chicago high-rises and larger communities where a single slip-and-fall or construction defect claim can quickly exceed primary policy limits, umbrella coverage is not optional — it’s essential risk management.
Real Claim Scenarios Chicago Condo Associations Face
Water Damage from a Burst Pipe
A pipe bursts in a shared wall, flooding the lobby and several hallways. The master policy covers repairs to the building’s structure and finishes in common areas, as well as water extraction and restoration.
Equipment Breakdown
A power surge damages the building’s central HVAC system, leaving residents without heat. The equipment breakdown coverage in the master policy pays for repair or replacement, minimizing financial strain on the association’s reserve funds.
Board Liability
A group of owners alleges that the condo board mismanaged funds related to a special assessment. The Directors & Officers (D&O) coverage under the master policy helps cover defense costs and potential settlements.
