Condominium Association Insurance

Protect your community with the right coverage

A master condo insurance policy protects your building, common areas, and shared liability, keeping your board and residents safe from costly repairs and legal claims. At Truska Insurance, we work with top-rated carriers to provide the right coverage at the right price, backed by personal service and fast, reliable support for your association.

Protecting your community starts with the right insurance partner. At Truska Insurance, we specialize in safeguarding associations with comprehensive coverage and attentive service. Our team is here to make sure your association stays protected, your board feels confident, and your residents enjoy lasting peace of mind.

COVERAGE SNAPSHOT

Customized Coverage that fits your association

No two condo associations are alike—and neither are the risks they face. At Truska Insurance Agency, we specialize in comprehensive coverage solutions that safeguard your building, protect your board, and address your association’s unique liability needs.

We partner with top-rated carriers to deliver customized insurance plans tailored to your industry, budget, and future growth.

Let’s build a policy that fits your association perfectly.

  • Property Policy – Protects office buildings, furniture, equipment, and other physical assets from fire, theft, or other covered perils.

  • General Liability – Provides protection from third-party bodily injury, property damage, or personal injury claims (e.g., slip-and-fall incidents).

  • Cyber Liability – the risk of financial loss due to a cybersecurity incident, such as a data breach or cyberattack, which can result in legal claims, regulatory fines, and costs for business interruption.

  • Fidelity/Crime – Protects against employee theft, fraud, forgery, or embezzlement of company or client funds.

  • Commercial Auto – Covers vehicles used for business purposes, including liability and physical damage.

  • Workers’ Compensation – a system that provides financial and medical benefits to employees who are injured or become ill as a result of their work

  • Umbrella Liability – provides an additional layer of protection beyond the limits of your general & automobile liability policies.

  • Mechanical Breakdown – Mechanical Breakdown Insurance protects you from expensive repair bills from major systems failing, such as mechanical and electrical components.

  • Director & Officers Liability – Protects company executives and board members from claims alleging wrongful acts, mismanagement, or breach of fiduciary duty.

Why Choose Us

With more than 25 years of experience, we deliver personalized service and trusted guidance you can depend on.

As an independent insurance broker, we work with leading national and regional carriers that understand the unique needs of condominium associations. Our team takes the time to learn about your operations, identify potential exposures, and craft coverage that helps protect your property, employees, and bottom line.

What to Expect from us:

  • Local Expertise – Proudly serving Chicago and surrounding communities for over 25 years.

  • Access to Top Carriers – We compare multiple insurance companies to find you the best value and protection.

  • Claim Support You Can Count On – When life happens, we’re here to help you navigate the process with confidence and care.

25+

Years of experience & counting.

claim Scenarios

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.

Allianz
The Hanover Insurance Group
The Hartford
Liberty Mutual
National General
Nationwide
Openly
Safeco Insurance
Travelers
Vault
AIG

Frequently asked questions

The master policy covers the building’s structure and common areas, while each unit owner’s HO-6 policy covers their interior and personal belongings.

A: It depends on your bylaws, the building’s value, and what’s already covered under unit-owner policies. We’ll help review your documents to ensure the right balance.

A: If your property is in a higher-risk area, it’s wise to consider these as optional add-ons for full protection.

Yes, your condo associations should have workers’ compensation insurance. This type of insurance will cover volunteer board members as well as any vendors or employees of the association.

Getting Insurance Is As Easy As 1-2-3

We make getting insurance simple. In just a few easy steps, you’ll have customized coverage at a competitive rate.

Consult

We start with a conversation to learn about you and understand your needs. This may include property details, operations, vehicles, or governing documents—depending on the type of policy.

Present

We analyze your needs and present coverage options from reputable insurers, explaining limits, deductibles, and key terms so you can make an informed decision.

Bind

Once you select the best option, we bind coverage, confirm policy details, and remain available for ongoing service, renewals, and claims support.

But it doesn’t stop there…

We build long-term partnerships, building lasting relationships, adapting to your changing needs, and ensuring continued protection today and tomorrow.

latest news & insights

Expert advice and industry trends to keep you informed and empowered to make confident decisions about protecting what matters most.