HOA, Condominium & Townhome Association Insurance Solutions

🏔 The Schad Agency Difference

For over 50 years, The Schad Agency has been a trusted insurance partner to Colorado’s homeowners associations, condominium associations, townhome associations and property management professionals. Family-owned and locally rooted, we deliver the responsiveness and care of a boutique agency with the reach, technology, and market access to compete with Fortune 500 companies.

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Leadership & Expertise

Devon Schad, President of the Schad Agency and President-Elect of the CAI Rocky Mountain Chapter leads education for the community management industry, teaching certified CMCA courses, contributing to insurance and legal publications, and partnering with attorneys and boards on complex coverage and CC&R amendments. That means you’re getting true industry leadership, not just an agent.

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Market Access & Custom Programs

We maintain direct relationships with top-rated national carriers and exclusive HOA programs that many competitors can’t access. This gives our clients a broader range of coverage options, more favorable terms, and the ability to strategically design deductible and loss-pick structures that balance cost and protection.

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Hands-On Service & Claims Advocacy

When a loss occurs, our claims team delivers prompt, expert handling, not call-center transfers. We guide every step of the process to ensure fair, timely outcomes, protecting both the board and individual homeowners. We also provide free certificates of insurance for owners, associations, and lenders, an added service many agencies charge for.

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Technology & Precision

Our agency uses world-leading valuation software to keep building values up to date and ensure coverage aligns with current reconstruction costs, and the Covenants, Conditions & Restrictions (CC&R's) Insurance article, a crucial step often overlooked in today’s inflationary environment.

 

​Commitment & Continuity

With over five decades of experience and two generations of family leadership, we combine tradition with innovation. We stay on top of emerging market trends, reinsurance shifts, and regulatory changes to keep our clients protected and prepared year after year.

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🧩 Tailored Solutions for Every Association

Whether you manage a small condominium, a townhome community, or a large single-family HOA, The Schad Agency delivers insurance solutions designed specifically for community associations. Our team understands the unique exposures, budget constraints, and board dynamics that come with every type of property and we know there’s no one-size-fits-all policy.

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We excel at helping both standard and hard-to-place associations secure the right coverage, including:

• 🏚  Associations with multiple or severe claims — we help stabilize your loss history and rebuild insurability.

• ⚡ Properties with aluminum or mixed wiring — leveraging markets that understand these legacy systems.

• 🔥Communities in high fireline or hail-prone zones — with layered options and deductible strategies to control premium impact.

• 🏢 Older buildings or mixed-use properties — ensuring accurate valuations and compliance with modern ordinance or law requirements.

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No matter your challenge, our approach is hands-on, data-driven, and association-focused ensuring your coverage is as resilient as your community.

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Why Settle for Less?

Choose the Schad Agency for unparalleled service, expertise, and peace of mind. Let us help you protect your community and enhance your reputation.

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🛡 Essential Coverages Every Association Should Carry

Every community association, from small condos to large master HOAs need a comprehensive insurance program that protects the property, board, and members. We help boards understand, design, and maintain complete coverage portfolios that meet CCIOA, lender, CC&R and management contract requirements.

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Below are the core coverages most associations need:

🏠 Property Coverage

Protects buildings, common elements, and shared structures against fire, hail, wind, and other covered perils.
Includes options for:

• Guaranteed or extended replacement cost

• Ordinance or law (building code upgrades)

• Equipment breakdown

• Inflation guard

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👥 General Liability

Protects the association from bodily injury or property damage claims arising out of common areas, board decisions, or negligence.

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⚖ Directors & Officers (D&O) Liability

Covers board members, volunteers, and the association for decisions made in good faith that result in lawsuits or allegations of mismanagement.

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🧾 Fidelity / Crime Coverage

Protects against theft or embezzlement of association funds by board members, employees, or management company staff and is required under CCIOA 313 and by most management contracts & CCR's.

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🏗 Building Ordinance & Law

Covers additional costs to bring damaged property up to current code after a loss,  especially important for older or historic buildings.

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💧 Sewer Backup / Water Damage

Extends property coverage to include water or sewage backup into units or common areas, one of the most common HOA losses.

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💥 Umbrella / Excess Liability

Adds an extra layer of protection above your liability and D&O limits — critical for associations with pools, playgrounds, or large reserves.

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🚗 Hired & Non-Owned Auto Liability

Protects the association if someone driving on its behalf (for errands, inspections, etc.) causes an accident.

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👷 Workers’ Compensation

Required if your association has employees or hires independent contractors (like maintenance staff or snow removal) that could be considered employees under state law. Also, can provide coverage for volunteers and gaps from contractors.

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💰 Cyber Liability / Data Breach

Protects against theft of association or homeowner data which is an emerging risk for modern associations handling online dues and board portals.

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