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Florida's Best Condominium Association Insurance

Protect your homeowners association

Historically, Florida's Condominium Associations and Property Management firms primarily have few options when it comes to insurance opportunities.

HOA insurance is heavily regulated which results in a lack of service from many insurance agencies. At Goodlad & Swank, we are proud to offer a full suite of insurance options for residential condominium associations across Southwest Florida.

It is our mission to
build strong customer relationships

Our custom condominium association services work to protect not just your board and officers, but individual residents, as well. Whether leadership groups or individual residents/tenants require insurance services our highly skilled team is prepared to protect your property.

What we cover:

Florida Property Insurance

Florida's General Liability Insurance

Florida's Directors & Officers Policies

Florida's Cyber Liability Policies

Florida's Umbrella Insurance

Florida's Boiler & Machinery

Florida's Glass or Mold Protection

Florida's Docks or Garages

What are typical coverage limits?

Coverage TypeTypical Coverage Limit
Dwelling CoverageTypically covers the interior structure of your condo unit, including fixtures, improvements, and upgrades. Coverage limits may vary based on the size and value of the unit.
Personal Property CoverageCovers personal belongings such as furniture, clothing, electronics, and appliances within your condo unit. Coverage limits vary based on the value of your belongings and can be adjusted to suit your needs.
Loss of Use CoverageProvides coverage for additional living expenses if your condo becomes uninhabitable due to a covered peril, such as fire or water damage. This coverage typically helps pay for temporary housing and other necessary expenses.
Personal Liability CoverageProtects you against claims or lawsuits filed against you for bodily injury or property damage that you or your family members may cause to others. Coverage limits typically range from $100,000 to $500,000.
Medical Payments CoveragePays for medical expenses if a guest is injured in your condo unit, regardless of fault. This coverage typically has limits ranging from $1,000 to $5,000 per person.
Loss Assessment CoverageProtects you against certain assessments levied by the condominium association for damages to common areas or shared facilities. Coverage limits vary and may be subject to policy terms and conditions.
Additional CoveragesCondominium insurance policies may offer additional coverages such as earthquake insurance, flood insurance, and coverage for improvements or additions made to your unit. These coverages can be added based on your specific needs and the risks associated with your location.

How are rates determined?

Condominium insurance rates, also known as condo insurance premiums, are determined by several factors that assess the level of risk associated with insuring a condominium unit. Insurance companies use underwriting guidelines and risk assessment tools to evaluate these factors and calculate premiums. Here’s a thorough breakdown of the key determinants:

  1. Location and Geographic Factors:

    • The location of the condominium complex plays a significant role in determining insurance rates.
    • Factors such as crime rates, weather patterns, proximity to coastal areas, flood zones, earthquake-prone regions, and fire risk zones influence insurance premiums.
    • Condominiums located in areas prone to natural disasters or high crime rates may face higher insurance rates due to increased risks.
  2. Building Construction and Materials:

    • The construction materials, age, and structural integrity of the condominium building impact insurance rates.
    • Buildings constructed with fire-resistant materials and equipped with modern safety features may qualify for lower premiums.
    • Older buildings or those constructed with materials prone to damage may face higher insurance costs.
  3. Type of Condominium Insurance Policy:

    • Condominium insurance policies typically consist of two components: master policy and individual unit owner policy (HO-6 policy).
    • The master policy, provided by the condominium association, covers common areas, building exteriors, and shared property.
    • The individual unit owner policy covers personal belongings, interior fixtures, liability protection, and additional living expenses.
    • The extent of coverage and deductibles selected for both master and individual policies influence insurance rates.
  4. Coverage Limits and Deductibles:

    • The level of coverage and deductibles chosen by individual unit owners impact insurance premiums.
    • Higher coverage limits and lower deductibles generally result in higher premiums.
    • Unit owners must carefully evaluate their coverage needs and financial capabilities to select appropriate coverage levels and deductibles.
  5. Risk Management and Loss Prevention Measures:

    • Condominium associations and individual unit owners can implement risk management and loss prevention measures to reduce insurance risks.
    • Measures such as installing security systems, fire alarms, sprinkler systems, and implementing safety protocols may qualify for premium discounts or credits.
    • Regular maintenance, inspections, and repairs help mitigate risks associated with property damage and liability claims.
  6. Claims History and Loss Experience:

    • The claims history and loss experience of the condominium complex influence insurance rates.
    • A history of frequent or severe claims may result in higher premiums as insurers perceive higher risks associated with the property.
    • Conversely, condominium complexes with a favorable claims history may qualify for lower insurance rates.
  7. Market Conditions and Underwriting Guidelines:

    • Insurance market conditions, underwriting guidelines, and regulatory factors impact condominium insurance rates.
    • In a hard insurance market characterized by increased claims, reduced capacity, or regulatory changes, premiums may rise.
    • Conversely, in a soft market, premiums may decrease due to heightened competition or favorable economic conditions.
  8. Creditworthiness and Financial Stability:

    • Some insurers consider the creditworthiness and financial stability of individual unit owners when determining insurance rates.
    • A strong credit profile may indicate financial responsibility and reduce the perceived risk of defaulting on insurance premiums.

In summary, condominium insurance rates are determined by a combination of factors including location, building construction, coverage options, risk management measures, claims history, market conditions, and creditworthiness. Insurers carefully evaluate these factors to price policies accurately and manage the risks associated with insuring condominium properties.

Why choose Goodlad & Swank to cover your condominium?

Unlock peace of mind for your condominium with Goodlad and Swank Condominium Insurance, your premier choice for comprehensive protection tailored to the unique needs of condo living. Imagine a safety net designed to safeguard not just your unit, but also your belongings and personal liability against unexpected events. At Goodlad and Swank, we understand that your condominium is more than just a residence; it’s your sanctuary, and it deserves the highest level of care and protection available.

What sets Goodlad and Swank Condominium Insurance apart is our unwavering commitment to understanding the nuances of condo ownership. Our policies are expertly crafted to address the specific risks and challenges that condominium dwellers face, providing coverage for everything from structural damage to personal property and liability protection. Whether you’re a first-time condo owner or a seasoned resident, our customizable options ensure that you receive the perfect balance of coverage and affordability, giving you the confidence to enjoy your condo lifestyle to the fullest.

Beyond the security of knowing you’re covered, choosing Goodlad and Swank means gaining access to a wealth of resources and support designed to simplify your condominium insurance experience. From streamlined claims processing to expert advice on risk mitigation and condo association requirements, our dedicated team is here to support you every step of the way. Don’t leave the protection of your condominium to chance. Join the countless condo owners who have entrusted Goodlad and Swank for their insurance needs and experience the difference today.

We offer discounts!

Looking to save on your condominium association insurance? Our professionals have the skills to help you get the best rates. Ask us about what we can do to help you save.

Deadbolt locks

Central Station Burglar Alarm

Fire Extinguishers & Fire Sprinklers

Hurricane Shutters/Impact Glass

Committed to
Serving Our Customers

Goodlad & Swank Insurance is a family-owned insurance agency founded in 2009. We’ve built a team of knowledgeable professionals that value integrity, caring for our clients, and offering you superior service.

We’ve partnered with one of the largest selections of carriers in all of Florida making it easy for you to have a one-stop-shop for all your insurance needs.

An unforeseen event coupled with inadequate insurance can quickly result in financial trouble. We recognize that addressing insurance may not be your idea of fun, but our goal is to make the process as enjoyable as possible. In the end, you may just find yourself letting us know what the grandkids are up to or how the honeymoon went. Get to know us, you’ll be happy you did. 


Our Services

Homeowners Insurance

You can access the top-rated insurance companies in Florida for primary and second homes, condos, and the property you rent to others.

Auto Insurance

You benefit because we’ve partnered with some of the largest, most-respected auto insurance carriers in the industry to provide coverage for cars, motorcycles, motor homes, and recreational vehicles.

Business Insurance

Your business is growing your business. Our business is working to guard you against the risks you face every day. Find out how to protect your business.

Condo Insurance

We work with premium carriers and brokers to offer a full suite of insurance options for residential condominium associations across Southwest Florida.

Flood Insurance

Get protected. Goodlad & Swank offers coverage through the National Flood Insurance Program as well as private flood insurance carriers.

Life Insurance

Protect your legacy. Whether life insurance is for your family or your business we can help you find the right policy at the best possible price.

Satisfied clients

Have been working with Goodlad & Swank agency for five years. Have always been very helpful!

Daniella W.

This is an amazing company to do business with. I have several properties and slowly I have changed all properties to be with Goodlad & Swank Insurance.

Ody O.

Great services. I have been using them for several years now. Thanks team!

Steve C.

Competitive rates and excellent service. Really nice folks to do business with. Highly recommend!

Mike H.

Fast, courteous, professional service with comparable rates. What else do you need?

Len M.

Had one of the best experience ever at this insurance company. You feel like family and everyone here is friendly.

Moises M.

I had a great experience with this Company! I highly recommend! Mary Beck was very helpful, very professional and very quick to respond to my emails.

Tina C.

Have been working with Goodlad & Swank agency for five years. Have always been very helpful and have given us good options to choose from.

Daniella W.

I had some issues with my previous home owners insurance company. David at Goodlad & Swank went above and beyond to try to help me out.

Chandace S.

Excellent customer service, extremely knowledgeable of all insurance needs. I highly recommend this company!

Robin Y.

Went out of their way to be professional and helpful. Would highly recommend this agency.

Carmen C.

Join our many, happy customers!

Goodlad & Swank

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