Property Insurance for Condominium Associations & Co-Ops
Your building is more than just an address.
It is a community of discerning owners, a standard of living, and one of the most significant assets your board is entrusted to protect. LUX exists so the insurance behind your mid- or high-rise condominium or co-op reflects that same sophistication — comprehensive in its protections and precise in its engineering.
We also recognize a simple fact: property insurance is the largest line item of your building’s insurance spend. It deserves a partner who treats it with the discipline that number demands.
The LUX Standard:
Consistent, predictable coverage
Stable terms and 100% single-carrier capacity, year after year.
Underwriting built around your building
Rated on your location and fire resistive construction, not class averages.
Broad all-risk protection
15+ coverages at full policy limit, including equipment breakdown, with catastrophe (CAT) exposure addressed in writing.
Engineering-led loss prevention
Plan review plus hot work permits, red tag permits, and impairment programs.
Claims handled with urgency
An adjuster on-site with settlement authority within 24 to 48 hours.
There's simply no comparison:
The LUX Standard
Typical Habitational Market
Coverage Specifics
125% Extended Replacement Cost
Coverage up to $500M
Earthquake Sprinkler Leakage
Full policy limits for EQSL
Building Ordinance Coverage
Full policy limits for Building Ordinance
Flood
Flood sublimit up to $25M
Backed by FM Affiliated
A+ AM Best · AA Fitch Ratings · AA– S&P Global
15+ coverages at full policy limit · 100% capacity, year after year · $1B / $24.9B capacity · surplus, 2023
About FM Affiliated
Every LUX policy is underwritten by FM Affiliated — a member of the FM Group, consistently rated among the strongest carriers in commercial property insurance.
For more than 75 years, FM’s engineering-led approach has been trusted by Fortune 500 companies — and has earned 91% client retention.
Claims — the true test of the relationship
- In-house adjusters with settlement authority on-site within 24 to 48 hours
- Adjusters authorized to issue advance payments on-site
- Single point of contact for all claims
- On-site claims presence throughout the restoration process
- Policyholder workshops and pre-loss planning
#1 in property claims handling — Named the most highly regarded insurer in property claims handling. — 2020 Advisen Claims Satisfaction Survey
91% of insureds would recommend FM Affiliated — for both overall claims service and their individual claims experience.
Engineering as an investment
- FM Affiliated engineering services included with every LUX policy
- An Account Engineer dedicated to your property
- On-site Risk Reports identifying and addressing hazards
- Loss-prevention resources, including: Hot Work Permits · Red Tag Permits · Natural Hazards Checklists · Liquid Damage Loss Control Center · Know More Risk video series
Is your building a LUX building?
If this describes your building, your board owes itself a conversation with LUX.
LUX performs especially well in major metro markets — such as San Francisco, Los Angeles, Chicago, New York, and other qualified low catastrophe (CAT) exposure locations.
Eligibility and final terms are subject to underwriting, location, construction, and catastrophe (CAT) exposure.