Our insurance offers the protection that every Property Owners Association seeks for its condominium.

The Commercial Property Policy for Residential Condominiums is designed to cover incidents that affect the common interests of the owners.

USIC - Condominium Policy  (Residential and Commercial) USIC - Condominium Policy  (Residential and Commercial)
01 Commercial
Condominium Policy (Residential and Commercial)

Having the right insurance can make a big difference. We know the risks that your property is exposed to and we keep them in mind in designing our policies so that we can offer you greater peace of mind.

This policy covers the specific needs to ensure the satisfaction of the Property Owners Association. 

Residential:
  • Single-line policies (Single-line Property) 
  • Commercial Package Policies, which allow adding Commercial General Liability coverage to the property line
Residential and Commercial
  • Single-line policies (Single-line Property) 
  • Commercial Package Policies, which allow adding Commercial General Liability, Crime and Inland Marine coverage
We cover common elements such as:
  • Real estate property or furniture of the Property Owners Association
  • Common property (e.g., hall, hallways, recreational areas, among others)
Coverages:
  • Fire
  • Theft
  • Vandalism
  • Lightning
 
  • Hurricane
  • Earthquake
  • Flood
  • Commercial General Liability
  • Others
USIC - Master Policy for Residential Condominiums USIC - Master Policy for Residential Condominiums
02 Commercial
Master Policy for Residential Condominiums

At USIC, we create products aimed at satisfying the needs of the Property Owners Association, covering all the common, public, and limited common areas. Our policy provides solutions that serve to comply with the responsibilities and duties stipulated under the Puerto Rico Condominium Act. 

Commercial Policy Types for Residential Condominiums 
  • Single-line policies (Single-line Property) 
  • Commercial Package Policies, which allow adding Commercial General Liability coverage to the property line
We cover common elements such as:
  • Real estate property or furniture of the Property Owners Association
  • Common property (e.g., hall, hallways, recreational areas, among others)
Coverages:
  • Fire
  • Theft
  • Vandalism
  • Lightning
 
  • Hurricane
  • Earthquake
  • Flood
  • Commercial General Liability
  • Others
FAQ: Commercial Condominium Policies 
  • What are the requirements to evaluate the underwriting of a case? + To evaluate the registration of your case we will need:
    • Updated valuation (no more than two years from its issuance)
    • Detailed loss history
    • Risk specifications
  • Can the risk be submitted directly to USIC? + No, all condominium risks are managed exclusively by General Agencies that are appointed to USIC.
  • What are the additional covers that USIC offers? + USIC also offers:

    Commercial Policy Types for Residential Condominiums 

    • Municipal ordinances
    • Debris Removal 
    • Pollutant Clean Up
    • Equipment Breakdown
  • Does USIC insure coastal condos? + Yes, USIC assesses all coastal risks.