California HOA or Condo Association Employee Theft POSITION SCHEDULE Bond
Overview
California homeowners associations and condo associations carry real financial risk when employees or managers handle community funds. A Position Schedule Fidelity Bond protects the association against losses caused by theft, fraud, or dishonest acts committed by employees in specific positions. This bond covers each named position rather than each named individual, which means coverage follows the role — not the person filling it. Associations that collect dues, manage reserves, or cut checks need this protection in place.
Who Needs This Bond?
Property managers employed by a California HOA, the treasurer of a condo association's board of directors, and bookkeepers who process assessments and vendor payments are all exactly who this bond is designed to cover. Any California homeowners association or condominium association that authorizes one or more people to access community bank accounts or financial records should have a Position Schedule bond in force. If your association governs a planned community, a high-rise, or a mixed-use development in California, this bond applies to you.
What is this Bond For?
This bond reimburses the association — not an individual homeowner — when a covered employee in a scheduled position steals, embezzles, or commits a dishonest financial act against community funds. The Position Schedule structure means you list the roles at risk, such as Community Manager or Treasurer, and the bond covers whoever occupies those roles. It does not cover general liability or property damage — it is specifically a financial honesty guarantee tied to positions of fiscal trust within the association.
When is it Required?
Often this bond is requested at the point when a California HOA is being formally organized, when a management company is onboarded, or when the association's governing documents, CC&Rs, or bylaws require fidelity coverage as a condition of operation. Some associations are directed to obtain this bond by their professional management company's contract requirements or by a lender reviewing the association's finances before approving unit mortgages. If you have received a request from your board, your management company, or a lender asking for proof of fidelity coverage, this is the bond you need.
Where Does it Apply?
This is a statewide California bond with no county or city restriction. It applies to any HOA or condo association operating anywhere in California, from a two-unit condo complex in San Diego to a large planned community in Sacramento. The coverage follows the association's California operations and the positions designated on the schedule.
How to Buy Online
Click 'Buy This Bond Online' on this page and the secure surety portal will open in a new tab. Complete the application with your association's details and the positions you need scheduled, then submit for processing. Your bond documents are delivered digitally so you can provide proof of coverage quickly.
Why Bond Titan?
Bond Titan is a nationwide online surety bond storefront powered by The Southern Agency, which means you get direct access to a professional-grade bond without waiting on an agent callback or playing phone tag. Our catalog covers California HOA and condo association bonds specifically, so you are not navigating a generic form built for a different industry. Buy online, get your documents fast, and move on — that is the entire point.