California - HOA or Condo Association Employee Theft POSITION SCHEDULE ($50,000) — required surety bond in California. Apply online in minutes.
The California HOA or Condo Association Employee Theft Position Schedule bond is a type of fidelity bond that protects a homeowners or condominium association from financial losses caused by the dishonest acts of designated employees. It guarantees that the association will be reimbursed for funds lost due to theft, fraud, or embezzlement committed by individuals in specific scheduled roles.
Homeowners associations (HOAs) and condominium associations in California typically need this coverage to protect their reserves and operating funds. It is generally necessary for associations where specific board members, property managers, or employees have direct access to community financial accounts.
Obligees require this bond to safeguard the community's assets against internal theft or financial mismanagement by individuals entrusted with association funds. It provides peace of mind to homeowners that their dues and reserves are protected. Exact coverage requirements vary, so associations should verify guidelines with their governing documents or regulatory agencies.
To get started, click Apply Now to complete our secure online application in about five minutes. Once approved, your bond will be delivered directly to you by email. For exact figures, apply online or contact Noah Insurance Agency.
Premiums vary based on the applicant's financial history, application details, and underwriting criteria. Apply online with Noah Insurance Agency for an exact quote.
Processing times vary by applicant. Once you submit your secure online application and fulfill any underwriting requirements, the finalized bond will be delivered to you via email.
A position schedule bond covers specific job titles or roles listed on the policy, rather than naming individual people. You should verify your exact coverage needs with your governing board or issuing agency.
Coverage for third-party managers varies by policy and specific association requirements. Contact Noah Insurance Agency at 814-718-0060 to ensure your bond covers all necessary parties.
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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