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 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 CommunityTrendwatch: Smart Condo/HOA Communities Tapping Into Today's TechHOA Mulls Donations to Cover Owners' Renovation Costs, Then Taking Over UpkeepTrendwatch: Is There More Tech Your Condo/HOA Should Be Adopting?HOAleader Video: Using Residents as Your Violation "Police Force"HOAleader Video: Your Role as Your Condo/HOA Violation EnforcersHOA Secretary Appears to Have Duped President into Resigning: Now What?HOA Board President Wants a Do-Over on ResigningYou Can Find a Condo/HOA Manager Your Community Gels Perfectly With9 Tips for Nailing the Process of Hiring Your Next Condo/HOA Manager3 Tips for Deciphering Your Condo/HOA Budget DocumentsHOAleader Video: Are These Condo's Allegedly Big Settlements a Troubling Sign?HOAleader Video: How to Analyze a Condo's Recent Massive Legal SettlementsCondos/HOAs and the Inflation Reduction ActAre These HOA Owners Justifiably Angry?HOA Fantasy Football League: Community Builder? Or Risky Business?Colorado HOA In the News Again: This One is Charging to Park on Their Own StreetCondo/HOA Safety In the Wake of Murder, Injury of Management StaffersHOA Manager Murdered: Can You Do More to Help Your Manager Stay Safe?Trendwatch: Are Too Many Condo/Board Members Stubbornly Staying Put?Trendwatch: Are Long-Serving Condo/HOA Board Members Hogging Seats?HOAleader Video: The Risks of the HOA President Lending the HOA MoneyHOAleader Video: Is This HOA President a Hero or An Opportunist?What Could Go Wrong? Allowing Nonowners to Store Cars in Your Condo GarageReader Reports That Insurer Asked for HOA's Anti-Harassment PolicyColorado Governor Signs More-Restrictive Condo/HOA LawDoes Your Condo/HOA Need an Anti-Harassment Policy?Inflation Is Challenging Condo/HOA Boards, But There's a Bright SpotWhat Condos and HOAs Are Doing to Combat InflationCan You Guess the Rules Condo/HOA Owners Ignore Most Often?The Most-Violated Rules Driving Condo/HOA Boards Around the BendTrend Watch: Are Condo/HOA Boards Losing their Mojo?Trend Watch: Are Condos/HOAs Under Attack?When Can Condo/HOA Board Influence Voting?Can Your Condo/HOA Board Be an Advocate in Votes on Amendments? Elections?HOA Reinvestment Fees and Transfer Fees: What's the Difference (and $2,200?!)?HOAleader Video: HOA Board Tells Director to Clam UpHOAleader Video: Silencing an Allegedly Loose-Lipped Condo/HOA Board MemberHOA Could Raise Assessments to Keep Nearby (Privately Owned) Golf Course in BusinessTrendwatch: Pool Monitors Versus LifeguardsHOA Permits Renters But Limits How they Pay—and Might End Up In Court as a ResultCan You Ban Your Condo/HOA's Renters from Paying with Government Subsidies?New HOA Board Member Wants to Help Rebuild But Understands the ChallengesA New Owner's Journey onto His HOA Board: "Living in a Seinfeld Episode"HOAleader Video: OK to Special Assess to Cover Budget Shortfalls—and Who Decides?HOAleader Video: Can You Do a Special If Your Budget Is Busted?Adding Spice to Your Condo/HOA Meetings with Special GuestsThe Best Guest Speakers for Your Next Condo/HOA Meeting Are...Silly Condo Rule? Inconsistent Enforcement? Overzealous Board? None of the Above?

Community Associations Network

Northern Meadow’s Residents Frustrated With Property Owners Association (NM)Florida homeowner says hurricanes triggered sinkholes in neighborhoodWhat happens when Utahns and HOAs disagree? This man says protections are needed (UT)LOCAL NEWS Hammocks Association receiver discloses findings to Miami-Dade circuit judge (FL)Property owners appoint themselves to defunct HOA. What to do? (MI)Florida condo owners brace for rising insurance ratesA 50-year roof life? Did condo board make unwise declaration to skirt obligations? (FL)How technology is helping remove racist language in Washington state property deedsColorado wildfires are making it harder to insure homes. Could a publicly funded plan stave off an insurance crisis?Gran Paradiso property owners cry foul over water deal made before residents took charge (FL)Piano teacher’s conflict with HOA offers lesson in homeowner resources (CO)HOA does not appear to be following its rental policies (NV)HOA board can pass rules to prevent overuse of common facilities (FL)Fire at DeKalb County multi-family condo under investigation (GA)Beaver Pond residents in Saratoga Springs want development work completed (NY)HOA Homefront: What happens when they won’t pay HOA dues? (CA)Ask a real estate pro: Does condo association have to pay for repairs after water leaked under slab? (FL)‘Does our hearts good’: Residents of damaged Daytona Beach Shores condo share Thanksgiving (FL)Hammocks Association board allegedly hid documents under floorboards at main office (FL)How do you form your own town? These Coloradans are trying to find out