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


Is There a Condo/HOA Housekeeping or Recordkeeping Lesson in This Tale of Woe?If Your Condo/HOA Has One Person Handling Financials, Add These Checks and Balances (Add Them No Mat4 Financial Controls Your Condo/HOA Absolutely, Positively Should HaveCan Your Condo/HOA Change Its Documents to Prevent a Forced Sale? Should It?Disaster Planning for HOA and Condo Boards: How to Avoid Huge Losses in This Age of Severe Weather,Are Your Residents Renting Out Your Condo/HOA Pool—or Theirs—to Strangers?How to Protect Yourself and HOA from the Neighborhood SociopathThe Latest in the Sharing Industry: Shared Condo/HOA Pools—and MoreCan Anybody Just Claim to Be a Condo/HOA Owner's Stand-In? [ Video]Can a Power of Attorney or Proxy Holder Run for a Condo/HOA Board? [ Video]Condo/HOA Insurance Expert Reveals Your Potential Weak SpotsCondo/HOA Insurance Expert Reveals the Biggest Risks You Face TodayHOA Owner Treats Common Lawn as His Own, and Other Neighbors are Following His LeadCan a Board President Record Condo/HOA Meetings and Refuse to Share the Recordings?Is This a Real Rule in Condos and HOAs?Avoiding Personal Liability When HOA President, Treasurer Want to Do Shady DealWhy This HOA Board Member Has Every Right to Be AlarmedIs Your Community Doing Too Much About Crime? [ Video]HOAleader Video: What to Know Before Adopting a Crime App for Your CommunityHOA Policies: 43 Sample Policies Every Homeowners Association Board of Directors Should ConsiderWho Can and Can't Serve on Your Homeowners Association's Board of Directors?Condos/HOAs May Be Able to Jump Into Latest Investment CrazeI Bonds Are Hot -- Can Your Condo/HOA Invest In Them?With eBike Fires and Injuries Rising, Are They Safe in Your Condo/HOA?Living Up to Your Fiduciary Duty as an HOA Board MemberOK or Not? Condo/HOA Grants Accommodation As Long As It's Later RemovedDo Your Board Members Need to be State Certified? What About Your Community?Tips for Breaking a Two-Unit, Two Board Member Condo StalemateHOAleader Video: Appointments or Elections When Upsizing Your Condo/HOA BoardHOAleader Video: Do You Need a Bigger Condo/HOA Board? Smaller? Unchanged?It's Easiest to Just Meet in Secret, Manager Allegedly Tells Condo/HOA BoardAgain with the Secret HOA Meetings, Including No Minutes, Of CourseCourt: HOA Board Can't Take Law Enforcement Into Its Own HandsPennsylvania Court Says HOA Can't Push Out Sex Offender Owners; What About Renters?Gun Toting to Manage Condo/HOA Meetings: Our Experts Say There Are Better ToolsGuns and Brushbacks: Is This a Good Way to Control HOA Meetings?Condo/HOA Insurance: Why You Need an Inflation CheckupWhat's an HOA Managing Agent, and Should This Board Be Worried Sick?Inflation Checkup: Are Your Condo/HOA Insurance Coverages Still Adequate?Do You Know Everyone Who Is Attending Your Condo/HOA Board Meetings?Trendwatch: Why Condo/HOA Insurance Cost Increases May Shock YouHOA Owner Secretly Launches Zoom During Meeting: How to RespondHOAleader Video: Is Your Board All Business, or Should You Have a Heart?HOAleader Video: When a Board Member Needs to Take 5 (Weeks)Who Should Run Your Condo/HOA Meetings?Do You Really Need a Condo/HOA Meeting Parliamentarian?Condos/HOAs Realizing Disasters Can Happen to Them: Don't Get Caught FlatfootedSharp Reader Wants to Create an HOA Disaster Team: 6 Tips to Get StartedHow to Get a Court to Back You In a Dispute With a Rogue Condo/HOA OwnerWe're Not Making This Up: Wild Hogs Invade Retirement Community