Tailored Protection for 55+ Communities: Why Specialized Insurance Matters
Managing a 55+ community is about more than just maintaining property—it’s about fostering a safe, comfortable, and well-governed environment for residents who expect a high standard of living. From age-restricted housing developments and active adult communities to larger master-planned neighborhoods, the risks and responsibilities are unique—and so are the insurance needs.
At Baldon Insurance Group, we specialize in providing insurance for 55+ communities, with tailored programs that align with your governance structure, property features, and resident expectations. Here’s why working with an experienced insurance partner is essential—and how the right insurance program can protect your residents, board, and budget.
Understanding the Risk Profile of 55+ Communities
Unlike traditional residential properties, age-restricted communities face a more nuanced set of risks. These include:
- Increased liability exposure due to community events, common areas, and third-party vendors
- Board governance risks, including claims against the Association Board or Property Managers
- Employment Practices Liability. Related claims coming from employees or Third Parties.
- Slip-and-fall potential on common areas including clubhouses, pools, tennis courts, parking lots, walking paths, etc…
- Cyber risks associated with managing sensitive resident data and online payments
- Environmental liabilities, particularly in coastal or high-risk weather zones
Without the right insurance strategy, even one uncovered claim can create financial strain—or worse, damage the trust your community has worked so hard to earn.
The Right Coverage for Your Community
We build policies that reflect the actual operations and exposures of 55+ communities, covering more than just the basics. Here are the key coverages we typically recommend:
🛡 General Liability Insurance
Protects your community from third-party claims of bodily injury or property damage. Critical for communal spaces like pools, clubhouses, fitness centers, and social areas.
🏢 Property Insurance
Covers buildings, signage, fencing, landscaping, and community-owned equipment against fire, theft, vandalism, and storm damage.
👥 Directors & Officers (D&O) Liability
A must-have for HOAs, this protects board members and community leaders from legal claims related to decisions they make in their official capacity.
⚖ Employment Practices Liability (EPLI)
Covers claims of wrongful termination, discrimination, or harassment—often brought by employees, vendors, or residents.
🌊 Flood, Windstorm & Named Storm Coverage
Essential for communities in coastal areas or flood zones, especially in places like Long Island or the Jersey Shore.
🔐 Cyber Liability Insurance
If your community uses software to manage dues, resident data, or communication, cyber coverage helps protect against data breaches and cyberattacks.
🛠 Builder’s Risk (for Renovations or Expansions)
If your community is undergoing major repairs or building new amenities, builder’s risk covers materials, labor, and property during construction.
Why a Tailored Insurance Review Matters
Too often, 55+ communities are either over-insured with overlapping or unnecessary coverages—or under-insured, with major exposures left uncovered. At Baldon Insurance Group, we take a different approach:
- We listen first. We want to understand your governance structure, recent updates, resident expectations, and past claims history.
- We evaluate your needs. We assess your current policies and identify potential gaps or savings opportunities.
- We shop smart. As an independent agency, we have access to a broad portfolio of top-rated carriers and negotiate directly on your behalf.
- We tailor your policy. We design coverage that’s just right—strong where you want it, streamlined where you don’t.
We Understand the Complexities—So You Don’t Have To
Our founder, Tom Donohue, has over 30 years of experience working with high-risk accounts, including residential associations, HOAs, and age-restricted developments. We know what underwriters are looking for—and how to position your community for better pricing and better terms.
Whether you’re facing rising premiums, reviewing your policy ahead of renewal, or just wondering if you’re adequately covered, a 7-minute consultation with our team can be the first step to clarity—and savings.
🔍 Let’s Review Your Community’s Insurance Plan
We’ve helped communities just like yours:
- Lower deductibles
- Improve liability protection
- Reduce premiums—without reducing coverage
Ready to see if your community is getting the best possible protection at the best possible price?
