Why Do You Need Crime/Fidelity Insurance?
Fidelity insurance covers financial losses caused by criminal acts, such as theft or fraud committed by employees or others entrusted with association funds, including directors, officers, partners, or property management personnel. Fannie Mae and the Federal Housing Administration (FHA) require an Employee Dishonesty limit equal to or greater than 100% reserve funds plus three months of operating income to cover.
Contact us to provide you with the amount of Crime coverage needed for your association as this number can change annually.