Condo Association Insurance from Massachusetts Specialists

Roger Keith & Sons

Protecting the property and interests of a condo association in Massachusetts involves unique responsibilities. At Roger Keith & Sons Insurance, we help condo boards and property managers across the state navigate the complexities of Condo Master Policies and other essential coverages tailored to condominium communities.

Whether your condo association oversees a handful of units or multiple buildings, having the right insurance strategy in place can help ensure the long-term stability of your property and association operations.

What Is a Condo Master Policy?

A Condo Master Policy is an insurance policy purchased by a condominium association to help protect common areas, shared building structures, and sometimes elements of the individual units themselves. It typically differs from individual condo insurance policies in scope and responsibility.

In Massachusetts, these policies are commonly required by lenders and often outlined in the condo association’s bylaws or declarations. Depending on your condo documents, the policy may be responsible for covering the exterior walls, roofing, shared hallways, stairwells, elevators, and more. However, what is and isn’t included varies widely, which is why working with a knowledgeable local insurance agency is important.

Why Does Your Massachusetts Condo Association Need Insurance?

Condo associations in Massachusetts often carry legal and financial responsibilities for maintaining common elements and protecting the community’s overall property value. Without appropriate insurance in place, repair costs after a fire, storm, or liability claim can fall directly on the association—and potentially the individual owners through special assessments.

Having the right insurance may help:

• Protect shared structures and property
• Address liability exposures in common areas
• Satisfy lender and state requirements
• Provide peace of mind for board members and unit owners

We work closely with condo boards across Massachusetts to review documents, understand obligations, and craft insurance strategies that fit the specific needs of each association.

What Does a Typical Condo Association Insurance Policy Include?

Condo association policies in Massachusetts often include several key coverages, though exact details may vary depending on the insurer and the association’s documents.

Common coverages found in a condo master policy may include:

• Commercial Property Insurance Coverage for buildings and common elements
• General Liability Insurance for injuries or property damage occurring in shared spaces
• Directors and Officers (D&O) Insurance Liability to help protect board members from legal claims related to their management decisions
• Equipment Breakdown Insurance for things like HVAC systems or boilers serving the whole building
• Crime and Fidelity to help protect association funds from theft or fraud

Some policies may also offer optional endorsements for things like water backup, ordinance and law compliance, or flood coverage.

Because each association is different, we provide individualized guidance to help you identify the protection that best fits your situation.

How Does a Master Policy Work With Unit Owners’ Policies?

Understanding the line between what the Condo Master Policy covers and what unit owners are responsible for is essential. In Massachusetts, master policies often fall into one of three categories:

• Bare Walls-In: Covers only the building’s basic structure, not the interior of units
• Single Entity: Extends coverage to original fixtures and finishes within the unit
• All-In: Includes upgrades and improvements made by unit owners

Even with a robust master policy, unit owners are typically still responsible for insuring their personal property, liability, and any upgrades within their condo. A mismatch between policies can lead to gaps in coverage or confusion during a claim.

That’s why we recommend clear communication between the association and owners, along with an insurance review to ensure coordination between master and individual policies.

How Are Premiums Determined for Condo Association Insurance in Massachusetts?

Premiums for Condo Association Insurance can vary depending on a range of factors, including:

• Location and building age
• Construction materials and updates
• Number of units and buildings
• Claims history
• Policy limits and chosen deductibles

Massachusetts condo associations located in coastal regions, for example, may face higher premiums due to wind or flood exposure. On the other hand, associations with well-maintained buildings and strong risk management practices may benefit from competitive rates.

At Roger Keith & Sons Insurance, we help you navigate the market, compare policy options, and find cost-effective coverage for your association’s needs.

What Sets Roger Keith & Sons Insurance Apart?

As a local, family-run agency serving Massachusetts communities for over a century, Roger Keith & Sons Insurance understands the specific challenges faced by condo associations in the region. Our team of experienced professionals works closely with board members, property managers, and trustees to build customized insurance programs and offer ongoing support throughout the policy term.

We also offer:

• Annual coverage reviews and document evaluations
• Risk management consultations
• Claims assistance and guidance
• Access to leading regional and national insurance carriers

Whether your condo association is in Boston, Cape Cod, Worcester, or the South Shore, we’re here to help you make informed decisions.

How Can You Get Started With Condo Association Insurance in Massachusetts?

Getting started is simple. Our team will:

1. Review your condo bylaws and declarations
2. Evaluate your current coverage (if applicable)
3. Discuss your property’s specific risk factors
4. Present tailored coverage options from trusted carriers

Whether you’re renewing an existing policy or evaluating your options for a newly formed condo association, Roger Keith & Sons Insurance is ready to help. Contact us today to schedule a consultation and learn more about how we can support your property’s future.