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 Underwriting@SuretyOne.com 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

HOAleader

What�s Your Condo�s/HOA�s Role If ICE Seeks Access or Information?HOA Board Member Unilaterally Withholds Vendor�s Payment, and All Hell Has Broken LooseThe Pros and Cons of Community-Wide Garage SalesFannie Mae�s Condo Blacklist Is Growing, and Reports Are That It�s a Bear to Get OffDidn�t See This Coming: Vendor Hires Lawyer After Lone HOA Board Member Withholds PaymentHOA Board Member Considers Inviting Owners on Walkabouts to Hunt for Violations [HOAleader.com VideoHOA "Community Citation Walks": Why One Expert Doesn�t Even Like the Name [HOAleader.com VThat Time We Tried to Figure Out What a Condo/HOA Board Member Was Getting AtHOA Elections: A Guide to Managing the Election Process at Condo and Homeowner AssociationsCan You Change Your Condo or HOA�s Assessment Allocation?Management Company Surprises HOA Board With Charge After Charge After ChargeHOA Board Says Management Company Has Unilaterally Added New FeesFormer HOA Board Member: I Created That Board Email Address, So I Own It, Right?HOA Owner Leaves the Board But Resists Surrendering Their HOA EmailSmart, On-the-Spot Responses When Condo/HOA Owners Surprise or Challenge YouHow Expansive Does Your Condo/HOA Board Meeting Notice Need to Be?Owner�s Use of the HOA�s Meeting Room for Book Club Raises a Novel Question About Deposits [HOAleadeHOAleader.com Webinar Tip: Why An HOA Manager Says Physical Checks Should Always Go to LockboxesHOA May Be Losing More Goodwill Than Interest It Gains by Holding Onto Owners� Money [HOAleader.comLong-Term Fixes May Help Ease Your Condo/HOA Insurance PainDon't Get Soaked: What Your Condo/HOA Needs to Know to About Who Maintains, Repairs, and Pays to PreThe Alleged Roommate and a Condo Board In a Tough SpotStruggling to Get Affordable Condo/HOA Insurance? Our Experts Have IdeasOf All the Ideas to Save Money, This HOA Board Chooses This One?Bright Idea? HOA Board Considers Removing Streetlights to Save a BuckWhen You Need Raise Your Condo/HOA�s Assessments, But You�re Dreading the ComplaintsHOAleader.com Webinar Case Study: "Why Are Assessments Going Up Again?! Can�t We Just Cut the BAn HOA�s Special Assessment Work Has Stalled: Are the Idle Millions Collected Available for Other PrReasonable or Not: HOA Board Wants EV Charging Stations to Be InvisibleWhat Happens to Funds Your Condo/HOA Special Assessed for a Project That�s Now in Limbo? [HOAleader.California Case Sounds Fantastic for Condos/HOAs, But It May Not Be Much HelpCondo/HOA Leaders' Dos and Don'ts: The Roles and Duties of the HOA President, Secretary, Treasurer,Florida Says HOAs Must Permit Owners to Park Work Vehicles: Smart or Slippery Slope?California Court Gives Condos/HOAs Good News on Neighbor-To-Neighbor Disputes, But...Tempting! Just Charge Condo/HOA Owners Who Rent Higher AssessmentsReader Asks: Can We Charge Owners Who Rent Out Their Unit a Higher Fee?Feds Halt Enforcement of the Corporate Transparency ActTaking on a Big Project? Your Condo/HOA Manager Might Be Your Best Choice to Manage It (or Not)To Hire a Project Manager or Not? That Is the Question for Your Condo/HOAHow to Make Your Board Meetings Faster (Maybe. If Your State Permits It. And It�s Not a ControversiaIs Your Condo/HOA Board Going Overboard With Meetings?When Approving Your Condo/HOA Business By Consent Is a Huge Bonus [HOAleader.com Video]How to Determine Which Condo/HOA Amendments To Pursue Together and SeparatelyHow to Protect Yourself and HOA from the Neighborhood SociopathWater Damage: Who Pays When the Condo/HOA Documents Are Silent?When to Bundle Amendments to Your Condo/HOA Documents, and When to Break Them into Smaller BitesFlorida Condo Owners Are Bailing: Why You Should Be Paying AttentionIs the 118 Percent Increase in Florida Condo Listings an Ominous Warning?Is a Condo/HOA Secretary Right That Minutes Are Totally Their Call?Messy Minutes: Should These Details Be Included in Condo/HOA Minutes and Who Decides?

Community Associations Network

State Budget Lowers Bar for Rental-to-Condo Conversions (NY)On eve of hurricane season, HOA bans leaving shutters on all summer. Can they do that? (FL)Universal City neighborhood frustrated after fight for mail service (TX)HOA Q&A: Can we name a delinquent owner and the amount owed in the minutes of a meeting? (FL)City not shutting off water to HOA with $1.4 million unpaid water bill (FL)Florida condo market hits hard times as fees increaseGrande Dunes resident sues HOA, security company after 2024 home invasion, shooting (SC)Ask the HOA Expert: Who Is Supposed To Fix And Maintain What?Real estate Q&A: Should HOA pay for off-site parking during structural repairs? (FL)Carson City neighborhood holds simulated wildfire evacuation (NV)CAI Updates Reserve Study and Funding Public PolicyNeighbors Seeking Town Action On Fire Debris (WI)Woman fears she and her dog could be at risk due to condo complex’s lawn chemicals (PA)City of Phoenix tweaks new system for bulk trash pickup after HOA complaints (AZ)Uncovered documents reveal decades-long structural issues as Modesto HOA pushes $4 million assessmentGreen Terrace condos HOA begins repaying debt to city. What’s next for residents? (FL)Iowa City homeowners association fined for wastewater violations (IA)HOA that claimed Memorial Day display honoring fallen Army hero was a ‘nuisance’ does about-faceSewage spills into Escambia Bay continue as infrastructure improvement plans progress (FL)Wild Oak Golf Community HOA chips in for golf course improvements (SD)