California - HOA or Condo Association Employee Theft POSITION SCHEDULE ($100,000) — required surety bond in California. Apply online in minutes.
This is a fidelity bond structured on a position schedule, meaning it provides coverage based on designated job titles rather than specific named individuals. It guarantees protection for a California Homeowners Association (HOA) or Condominium Association against financial loss caused by theft, embezzlement, or dishonest acts committed by individuals holding those bonded roles.
California homeowners associations, condo associations, and community management boards typically need this coverage to protect community funds. It is intended for positions that handle or have access to the association's operating accounts and reserve funds, such as treasurers, board members, or property managers.
Obligees require this bond to ensure that community association funds are safely guarded against internal fraud and financial mismanagement. Because specific regulatory and policy requirements vary, associations must verify their exact coverage needs with the appropriate governing agency or legal counsel.
Click the Apply Now button to complete a secure online application in about five minutes. Once processed, your bond will be conveniently delivered to you by email. For any questions during the process, you can contact Noah Insurance Agency at 814-718-0060.
Premiums vary based on the requested coverage amount, the specific positions scheduled, and underwriting factors. Please apply online with Noah Insurance Agency for an exact quote.
A position schedule bond covers anyone holding a specific job title, such as 'Treasurer,' regardless of who fills the role. A name schedule bond only covers the specific individual explicitly named on the document.
Coverage requirements vary widely depending on the size of the association's operating and reserve funds, as well as local regulations. Always verify your exact bond amount requirements with the issuing agency or your legal counsel.
Coverage for outside management companies depends on the specific terms of the bond and how the schedule is structured. Contact Noah Insurance Agency at 814-718-0060 to ensure your policy is set up correctly for your association's management structure.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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