November 21, 2008

Environmental Impairment Liability Coverage For Condominium And Homeowners Associations from Preferred Property Program

Is your association covered for pollution claims?

Environmental claims can impose a tremendous financial burden on condominium and homeowner associations that do not have adequate insurance protection. Due to a dramatic increase in pollution claims, many insurance companies have completely removed pollution coverage from their general liability policies.

There is a solution from Preferred Property Program

Preferred Property Program, a subsidiary of JGS Insurance, is pleased to offer this valuable protection to condominium and homeowner associations. Environmental Impairment Liability (EIL) coverage provides protection against the following risks of financial loss:

• First and third-party coverage for pollution conditions
• Cleanup expenses
• Legal defense expenses incurred in the investigation, adjustment, settlement and defense of a claim

Please visit our storefront Condominium, Apartment & Time Share Umbrella Program, Equipment Breakdown, Environmental Impairment