Habitational Insurance

Condominium Association and Apartment Insurance

Condominium Associations and Apartment owners have very special insurance coverage needs. Preferred Insurance offers flexible condominium association and apartment insurance offerings, outstanding service, and comprehensive coverage.  We understand the complexities of condominium association and apartments and work with our clients and our brokers to provide innovative solutions to the most difficult problems.

Protections to consider:

  • Building coverage
  • Guaranteed replacement cost endorsement on Building coverage
  • Loss of rental income
  • Mechanical and electrical breakdown
  • Backup of water and sewage
  • Crime coverage
  • Ordinance and law
  • Property owner’s errors and omissions
  • Tenant discrimination insurance

Property Management Risks

Our goal is to provide the best possible risk management products and services to the property management industry. The unique issues property owners and managers face can create significant liability issues without the proper coverage.  At Preferred Insurance we work closely with you to provide the following:

  • Contract review
  • Claims management and analysis
  • Insurance workshops for property managers
  • Disaster recovery planning and assistance
  • Risk Analysis
  • Risk Financing
  • Safety and Compliance Audits
  • Written service plans and annual stewardship reviews
  • Complete product line including Surety and Benefits

Learn more

  • Clothes Dryer Safety Tips The U.S. Consumer Product Safety Commission (CPSC) estimates that there are over 2,900 fires annually from clothes dryers. Unfortunately, these fires account for scores of personal injuries and cause millions in property damage each year. We know you don’t want to give up your dryer, so we’ve gathered some simple things you can do to protect your ...
  • Preparing Your Business For Winter During the past Winter, temperatures along the Eastern seaboard fell below zero with wind chills approaching -30F in parts of the Mid-Atlantic Region. Cold weather brings the danger of impaired fire protection because of water freezing in sprinkler piping, underground mains, gravity suctions tanks or fire pumps. During a severe cold spell, these pipes can freeze, ...
  • Risk Management for Your HOA Homeowners associations (HOAs) are crucial for the upkeep and peace of many residential communities. But HOAs can be threatened by a variety of risks and holes in insurance coverage: they have to handle money and hire contractors like a business, insure property like a homeowner and maintain public areas like a park service. With all ...

What Our Customers Say…

Culbertson Company of Virginia is a roofing, masonry, restoration, and waterproofing contractor serving Virginia, Maryland, and Washington, D.C for more than 60 years.  Our type of work is categorized as very high risk and so it is important that we have everything in order. In the six years we have worked with Preferred Insurance, we have found that their knowledge and expertise has consistently and reliably met our needs to sustain the well being of our company. The people at Preferred are highly conscientious and responsive.  I would not change a thing about the relationship we have developed.

Molly BarnetteInformation Technology OfficerCulbertson Company of Virginia