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

Who�s In the Wrong Here? The Condo President or the Secretary/Treasurer (Or Both)?The Problem with a Condo Owner Being Fined $500 for a Guest�s Sandwich at the PoolCommon Area Tree Debris Falls on HOA Owners� Roofs: Who Gets the Cleanup Job?The Arguments For and Against a Fixed and Firm Condo/HOA Fining ScheduleAn HOA, a Kids� Playground, and a DIY Sunshade: What Could Go Wrong?Would This HOA Board�s DIY Suggestion Give Our Experts Pause?8 Ideas to Help Your Condo/HOA Stay Insured and Lower Costs8 Steps You Can Take to Make Your Condo/HOA More Insurable or More Affordably InsuredFlorida Court Offers Lesson in Condo/HOA Contractor LicensingPicture It: The ABC Painting HOA Clubhouse, The Zippy Printing HOA Rec CenterMake Condo/HOA Committee As Open As Your Board Meetings (Sometimes)A New Way for Your Condo/HOA to Generate Revenue?HOA Management Companies: A Practical Guide for Homeowners Association BoardsIs This Condo Board Right That It Has No Ability to Act or Is It Shirking Its Duties? [HOAleader.comReader Stumps Experts With Question About "Junior Board"Board Approves Dog, Dog Attacks, Board Claims Its Hands Are Tied [HOAleader.com Video]How To Protect Your Condo/HOA With a Strong and Fair Architectural Review ProcessOwner Sabotages His HOA�s Elevator and Himself: How to Avoid This Type of DramaIs This Condo Owner�s Sabotage Real? And Fake or Not, What Can We Learn from It?E-voting Might Not Save Your Condo/Money, But It�s Providing a Different PayoffBREAKING: Texas Federal Court Issues Sweeping Injunction Against the Corporate Transparency ActCan Your Condo/HOA Save Money on Elections? Or Will Penny Pinching Backfire?Condo/HOA Takes a Shot at Regulating the Discharge of GunsWhat Your Condo/HOA Should Know About Golf Cart InsuranceNo Discharge of Firearms in the Community: Would This Condo/HOA Rule Stand?What the Process of Declaring that a Condo/HOA Board Violated Its Duties Looks Like [HOAleader.com VBest Practices for Condo/HOA Committee ChartersIf a Condo/HOA Board Breaches Its Obligations, Is It Like Its Actions�Poof!�Never Happened? [HOAleadWhat You Can Learn from the Tale of Three Earsplitting Birds in a New York City Co-OpFeds Clip Co-Op�s Wings Over Illegal Handling of Noisy BirdsAnother Standoff: HOA Board and Owners Tussle Over Owner�s Water CoolerIs This Proper or Overzealous HOA Enforcement That Gives HOAs a Bad Rap?What Exactly Does a Former HOA President Bring That�s Worth Paying Him $60 Per Hour?HOA Board Hires Former President at $60 Per Hour: Looks Bad, But Is It Improper?Federal Court: HOA Board Improperly Veered into Religious DiscriminationCould �Reverse Mentoring� Help Your Condo/HOA Build Future Leaders?Is the Cart Before the Horse Here? Voting On an HOA Special Assessment Before Picking a ContractorHow to Fix a Prior Condo/HOA Board�s Financial MistakeHow Could Condo/HOA Owners Vote on a Special Without the Contractor Being Chosen?Can This HOA Board Just Start Towing Seemingly Abandoned Cars? [HOAleader.com Video]After a Long Lack of Enforcement, HOA Decides to Crack Down On Cars on Site [HOAleader.com Video]Will a Rule Keep a Pugnacious Nonresident from Hogging an HOA�s Amenities?Preventing a Former HOA Owner from 'Stealing' Amenities: Seems Easily Fixable, No?4 Contract Provisions Your Condo/HOA Should Look For and Closely ScrutinizeWhen An HOAleader.com Reader Asks for Contract Tips, We Give You Contract TipsFlorida Court Throws a Wrench into Developer Condo Takeovers�and It�s Not the Only State Where That�Condo Has Failed Elevator, Disabled Residents, Price Repair, and No Budget for Big-Ticket ReplacemenSmall Repair v. Big Replacement: How This Condo Board Should DecideWhat are "Sealed" Condo/HOA Documents, and Are They Important for Collections?HOA Developer Paying Some Workers Differently Than Others Raises Eyebrows

Community Associations Network

Fire warden warns against fire mitigation group (CO)Condo Laws: Panel of experts discuss new laws re: buildings and reserves (FL)Crews extinguish fire that burned through condos in Cherry Hill, NJ‘On the Record’: Relief for condo owners (FL)Apartment damaged in fire at Orlan Brook Drive condo complex, no injuries (IL)Entire Florida Condo Complex is Condemned – Just The Begining – Residents Forced To Sell Their HomesLiberty Mutual plans to exit state’s condo, rental insurance markets in 2026 (CA)Resident worried about privacy as HOA warns it is recording audio and visual at the pool (FL)Foreclosures & Financial Hardships Begin: Florida’s New Condo Laws Bring Unintended ConsequencesCarbon Monoxide Leads to Evacuations at Culver City Condo Complex (CA)My Building Is Doing Unexplained Work. Can I Stop Paying Dues Until They Explain? (NJ)Podcast: “Extreme unaffordability crisis” in wake of Surfside collapse, condo expert says (FL)Pine water district seeks to allay panic about condemnations (AZ)Clash over Munjoy Hill condo building could be resolved soon (ME)Wildfire in Southern Colorado: L.A. lessonsMayor Mike Norris: ‘Palm Coast is not an HOA.’ (FL)Zoning Board of Appeals denies Red Barn Golf Course’s request to build apartments on driving range (IL)Cedar City residents respond to allegations of HOA manager embezzling funds (UT)Canyon Lake POA moves to electronic voting of elections (CA)Renovation costs put hundreds of College Hill condo owners at risk of losing homes; fate left to a vote (OH)