Protecting communities,
one policy at a time.
Andrew Bateman,
CIC, CIRMS, CMCA
Client Executive, Alera Group
andrew.bateman@aleragroup.com
(919) 795-3971
As a Client Executive and equity owner at Alera Group, Andrew brings highly-focused expertise in HOA insurance, with a particular focus on condominiums and high-rises. His consultative approach and results-driven leadership have established him as a top producer, insuring over 1,400 associations yearly. Andrew's extensive industry connections have also secured his team as an exclusive insurance distributor for CondoLogic Insurance Company in North Carolina. CondoLogic is an industry leader for providing insurance for high- and mid-rise condominiums, as well as garden-style homes. Andrew and his team are a top-producing agent for CondoLogic.
His passion for his work extends beyond professional achievements to community impact through his work with Team Dykeman, a scholarship he founded in honor of his cousin, USMC Captain Philip J. Dykeman. When not expanding business opportunities or mentoring his team, Andrew enjoys running, hiking, surfing, and cheering for his beloved Syracuse Orange.
Areas of Expertise:
• Condominium & HOA Insurance
• Amendment Change Education for Boards
• Sales Management
• Team Leadership
4
Crime and Fidelity
Protects against theft or embezzlement of the HOA’s funds, including online fraud and wire fraud.
Please review of your Community's Covenants to see what insurances you are required to carry.
5
Workers' Comp.
Covers volunteers working on HOA projects, as general liability excludes work-related injuries. If the Association doesn't do this type of work themselves, it does not need this insurance.
Each Community is different, so we recommended that you have your insurance program reviewed.
6
Umbrella
If the Community has any of the 4 P's (pools, playgrounds, ponds and parks) or common areas, it is a very good idea to carry an Umbrella as these are all high risk or high liability areas.
If you are not sure about the coverage of your Umbrella, please have a review done for your Community.
6 Key Insurance Policies for Every HOA
General Liability
1
Helps protect the Association from founded or frivolous lawsuits. These lawsuits claim negligence on or by the Association and claim the Association caused physical injury or property damage. General liability is designed to defend these types of lawsuits.
2
Property Coverage
Covers physical damage to common properties like signs, clubhouses or insured buildings. Remember to obtain an insured-to-value report for the buildings. This will give you the replacement cost, per square foot, to rebuild that building, which eliminates guesswork for the Board on the amount of insurance for that piece of property.
3
Directors and Officers
Shields board members from lawsuits related to their management of the association, such as disputes over architectural decisions or budget issues.
Non-monetary Lawsuits are the most common suits against an HOA Board of Directors. This is when you are being sued, not for money, but for action. These lawsuits must be defended. Always consult an attorney.
Every HOA needs to gather information on six insurance policies so that the Board can make an educated business decision. While every Association is different, it's important for Boards to work with legal counsel and insurance professionals to ensure that policies and coverages fit the needs of their Association.
OFFICE LOCATION
4131 Parklake Avenue, Suite 225, Raleigh, NC 27612
Meet Andrew Bateman
Habitational Quote
Get a certificate of insurance
Simply put: We love HOAs. We know the ins and outs of what is takes to create an insurance program that addresses the unique challenges that come with managing an Association.
We start by reviewing your current insurance coverage and the specific covenants of your Association. Then, we organize everything into a comprehensive spreadsheet for collaborative analysis, ensuring we identify the right coverages and carriers to meet your needs.
We work with:
✔ Condominiums
✔ Townhomes with property
✔ Townhomes without property
✔ Single family home associations
In this session recording, Andrew Bateman, CIC, CIRMS, CMCA, will break down the types of insurance every community should consider, rising costs, and how to prepare for those unpredictable “what if” moments. Whether you're a seasoned board member or new to association leadership, this webinar will provide valuable insights to help you safeguard your community's future.
Topics covered include:
- Policies every association must have
- Why rates are increasing
- Tips to reduce policy costs
HOA Insurance:
Because "What Ifs" Happen
Directors & Officers Quote
Alera Group, Inc. is aware that there are persons fraudulently impersonating our company by using fake internet domains that appear to look like our legitimate services. If you are contacted by someone claiming to work for Alera Group, or any of our partners, please carefully review the email address and domain. If you have a relationship with our company, please contact us directly and not through any information that is provided in such an email. Please be extremely careful in responding to such emails with personal and financial information, sharing passwords, or any other information of value. Alera Group, or any of our partners, will never send ACH instructions via email and thus we strongly recommend that you verify the authenticity of each wire transfer request by calling your Alera Group contact using the number you have previously called.
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