Surety One, Inc. is a fidelity bond specialist. We offer twenty-nine years of experience underwriting fidelity and surety bond products to individuals and businesses in all fifty states, Puerto Rico and the U.S. Virgin Islands. The following is helpful information for understanding your particular jurisdictional requirement and generally what protection a commercial crime policy provides. Should you have questions about a homeowner's association fidelity bond, condominium owners' association fidelity bond or related insurance product we are always available to you at (800) 373-2804, by email at or click here for live chat.

Fidelity Bonds and Federally Regulated Condominiums and Cooperatives

With a few statutory excpetions, FreddieMac requires condominium associations and "cooperative corporations" to maintain a fidelity bond that meet the following criteria:

In States that require condominium homeowners associations or Cooperative Corporations to carry fidelity bonds on terms or conditions different from Freddie Mac's, Freddie Mac will accept compliance with the state's requirements to be adequate for Freddie Mac's.

The condominium onwers assocation fidelity bond must cover losses resulting from dishonest or fraudulent acts committed by directors, officers, managers, trustees, employees and volunteers who handle or manage funds collected and held for the condominium homeowners association or cooperative corporation. A professional property management firm is NOT exempt. It must be to the same coverage level as a COA or cooperative that manages its own operation.

Bonding of Service Providers

If your association hires outside general contractors, landscapers, janitors, pool and miscellaneous maintenance services, those parties should be covered by a third party fidelity bond to protect the association members' property from loss due to dishonesty. Business services bonds are inexpensive and well worth the investment.

Fidelity bond application review and quoting are free of charge. There is no obligation to purchase.

HOA & COA News Feeds


How Worried Should You Be About Corporate Investors Targeting Your Condo/HOA?Why An HOA Payment to Cash Should Raise Alarm BellsSomeone Wrote an HOA Check for Cash, But Nobody's Fessing Up—Now What?Were These HOA Board Members' Terms Improperly Extended?HOAleader Video: Forcing a Combative Owner to End Auto Sales in HOA Guest ParkingHOAleader Video: Why New Board Facing Belligerent Owner Must ActHow to Begin the Condo/HOA Amendment ProcessThe Pros and Cons of Unincorporated Condo/HOA AssociationsTrouble Meeting Your Condo/HOA Quorum? Ditch It (Maybe)The Latest on the Seemingly Simple Fannie Mae Form That Could Lead to Big Liability for CondosYour Condo Can Incur Liability By Just Filling Out a Routine FormWho Fills a Seat When a Condo/HOA Board Member Not Yet Seated Resigns? Video: When Owners Dispute Specials, Can You Turn to Reserves?Wildfires in New Jersey? Florida? And Other Places You Don't Expect: How to Protect Your Condo/HOAHow Your Condo/HOA Can Prevent Wildfires (and Why It's a Risk in More Areas Than You May Realize)HOAleader Video: HOA Owners Do Pool Testing and Upkeep; What's Next? Roof Repair?HOAleader Video: When Owners Do HOA Work, What Could Possibly Go Wrong?How An HOA Got Sued for Trying to Get Insurance Coverage--and Lost Its Insurance CoverageHow to Lose Your Condo/HOA Insurance Coverage In One Easy StepTexting for Condo/HOA Business? How to Start Keeping Those RecordsWhen Owners Hit Record: What to Include in a Condo/HOA Video Policy5 Reasons This Offer to an HOA Sounds Too Good to Be TrueHOA Manager Wants To Share PPP Loan--Wait, What?Sheesh, Amending These HOA Bylaws Seems Over the Top--Or Is It?5 Steps to Getting Great Bids for Condo/HOA WorkReaders Say It's a Bear Getting Competitive Bids for Condo/HOA Work TodayCommon Challenges Between Condo/HOA Main and SubassociationsTips for Handling Pre-closing Condos/HOA Buyers' ARC RequestsIs This Condo/HOA Treasurer Doing the Job or Asking Too Much?HOAleader Video: Invest HOA Funds in Crypto! What Could Go Wrong?HOAleader Video: Crypto Is a Perfect HOA Investment, Right?HOA Transition - A Guide for New Boards Moving from Developer to Owner ControlTwo State Courts Deliver Dog-Bite Decisions That Will Benefit Well-Run Condos/HOAsCourts Back HOA and Landlord in California and Michigan Dog-Bite CasesAnother Company Offers a Credit Score for Condos/HOAsNonprofit Offers Condos/HOAs a No-Cost CheckupFive Reasons Your Condo/HOA Can't Grant Memberships in Your Facilities to NonmembersMaking Bad Decisions: Granting Honorary Condo/HOA Memberships in Your FacilitiesYour Condo/HOA's Role in Fighting Climate ChangePlatform Plans to Sell Your Condo/HOA Docs and Rate Your Association: Join or Not?Should You Pursue This Potential New Revenue Stream for Condos/HOAs? What are the Risks? Video: When Police Seem Disinterested in Alleged Drug Sales in Your HOAHOAleader Video: How an HOA Deals with the Alleged Drug Dealers Next Door (Literally)Can You Just Go With the Flow with the Size of Your Condo/HOA Board?Tracking Your Owners' Vax Status and Allowing Access to Condo/HOA Facilities Based on That Status5 Steps to Fix an HOA President's $30,000 Delinquency and Refusal to Step AsideWhat to Do About HOA Board President Who's Behind $30K in Dues But Refuses to Step DownPost-Surfside Focus Shifts to Strengthening Condo Board Maintenance and Inspection DutiesFlorida Grand Jury Makes Recommendations to Prevent Another Condo TragedyNaming Names During Condo/HOA Vote Counting, and What to Include in Minutes