WHO WE SERVE
Loris Moradian Insurance Agency specializes in insurance for homeowners associations and common interest developments. We will ensure that your association and board get the right coverage at the right price. We will work with you to customize a comprehensive insurance package that meets the needs of your unique community and gives you peace of mind. Please review the sections on the left for a general description of some of the products and services we offer. Then contact us to see how we can help!
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OUR COVERAGES
PROPERTY INSURANCE
Property insurance is one of the two most important coverages (the other is general liability insurance) for common interest development communities or homeowner
GENERAL LIABILITY
Homeowners’ associations must have commercial general liability insurance to protect the owners from exposure to liability from accidents or injuries that occur in the common
DIRECTORS/OFFICERS LIABILIT
HOA board members make honest mistakes from time to time. Directors and Officers Liability Insurance (often referred to as “D&O”) provides protection for them in the event they
WORKERS’ COMPENSATION
If your HOA has opted out of workers’ compensation insurance as a cost-saving measure because you don’t have any employees and think you don’t need this coverage, you
UMBRELLA LIABILITY
Umbrella liability insurance provides your association with increased limits of liability over and above those of your commercial general liability policy limits. In other words, if
CRIME/FIDELITY BONDS
Fidelity bond coverage is for “employee dishonesty” that results in the loss of the association’s day-to-day and reserve funds. Fidelity bonds are also referred to as “employee
EQUIPMENT BREAKDOWN
Equipment Breakdown coverage (also called “Boiler and Machinery” (B&M) coverage) is a form of property insurance that protects the association against financial loss from the
NON-OWNED/HIRED VEHICLE
Your HOA may need Non-Owned and Hired Automobile coverage to protect the association from property damage or bodily injury caused by vehicles that the association does
EARTHQUAKE
Earthquake insurance is optional and is not mandated by any associations’ governing documents or by California Law. Individual unit owners can purchase their own residential
FLOOD
According to the National Flood Insurance Program, flood is the most common disaster in the United States and flood damage claims average $30,000. Floods happen all over
CERTIFICATES
A HOA certificate of insurance is a document issued by an insurance company, agent or broker that verifies that your HOA has insurance coverage.
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