Our insurance offers the protection that every Titleholders 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 guarantee the Titleholders Council’s satisfaction.

Residential:
  • Single Line Policies (Monolinear Property)
  • Commercial Package (which allows you to add the Crime and / or Inland Marine sections to the property line)
Residential and Commercial
  • Single Line Policies (Monolinear Property)
  • Commercial Package” (where you can add the Crime and / or Inland Marine Coverage)
We cover common elements such as:
  • Real estate property or furniture of the Titleholders Council
  • Communal property (hallways, elevators)
  • Independent use areas (parking lots or premises)
Coverages:
  • Fire
  • Theft
  • Vandalism
  • Lightning
 
  • Hurricanes
  • Earthquakes
  • Flood
  • Among others
USIC - Condominium Unit Owner Policy USIC - Condominium Unit Owner Policy
02 Commercial
Condominium Unit Owner Policy

At USIC, we make products aimed at satisfying the needs of a condominium’s Owners Council by covering all communal, pro-communal and limited communal areas. Our policy provides solutions that serve to take into account the responsibilities and duties stipulated under the Puerto Rico Condominium Law.

Types of Commercial Polices for Residential Condos
  • Single Line Policies (Monolinear Property)
  • Commercial Package (which allows you to add the Crime and / or Inland Marine sections to the property line)
We cover common elements such as:
  • Property or furniture belonging to the Council of Owners (structure, accessories and the furniture in the areas of collective or communal property)
  • Personal property in the communal or collective areas belonging to the association or Council of Owners
  • Areas of independent use (eg parking lots, swimming pools, courts, recreational parks)
Coverages:
  • Fire
  • Theft
  • Vandalism
  • Lightning
 
  • Hurricanes
  • Earthquakes
  • Flood
  • Responsabilidad Pública
FAQ: Commercial Condo Policies
  • What are the requirements to evaluate the registration of a case? +
    • 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:

    Types of Commercial Polices for Residential Condos

    • Municipal ordinances
    • Removal of debris
    • Cleaning of contaminants
    • Breakage and machinery
  • Does USIC insure coastal condos? + Yes, USIC assesses all coastal risks.