Insurance Program and Coverages

  • HOA Boards and Timeshare Companies
  • Timeshare and HOA risks have specialized needs and require a customized insurance program. Several factors need to be considered when structuring a program:
    • Does the program comply with the CC&Rs?
    • Is the Board protected from the individual owner lawsuits?
    • Does the program include excess liability over D&O and EPLI limits?
    • Are the present property values adequate?
    • Are the Flood, Earthquake, and Wind limits high enough?
    • Is there a disaster plan in place?
    • Is there a designated adjuster on 24/7 call?
    • Is there a pre-approved loss mitigation contractor in place?
  • Armstrong has worked with over 150 unique timeshares for more than 30 years with an annual client retention rate of more than 95%. The program’s workers’ compensation and property coverages have been underwritten by the same carriers for 21 years and 10 years respectively. Because of our program management success, there are no coinsurance penalties for property claims. Additionally, the ATA program (if this protection is selected), includes wind coverage even in coastal areas.
  • Our team has extensive experience in handling Timeshares and HOAs nationwide so we are well educated on coastal area problems, California earthquake issues and northeast storm patterns. Armstrong Timeshare Association has partnered with select insurance companies that understand Timeshares and HOAs and the exposures associated with them. We also understand the related items that drive insurance costs. Accordingly, ATA is partnered with the worldwide leader in disaster recovery and property restoration.
  • Available Coverages:
    • Commercial Property: all risks, unless specifically excluded
    • General Liability
    • Workers Compensation
    • Fidelity and Forgery
    • Directors & Officers
    • Employee Practices Liability
    • Excess and Umbrella
    • Employee Benefits
    • Commercial Auto
    • Boiler & Machinery
    • Cyber Liability Insurance

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