It’s important to realize that embezzlement affects a condo community in profound ways. In some serious situations, it can grind maintenance into a halt, increasing maintenance fees, and even price out honest people from their condos. In some cases, it can lead to homelessness. If you are worried about hearing of your condo association members picking up and running after stealing your money, you should be. It's a devastating blow, and when it happens, it can turn a fun, quiet community into an unmitigated nightmare filled with shuttered utilities, police investigations, and lawsuits. Fidelity bond insurance is designed to protect the money raised by condo owners from theft by HOA members, past members, volunteers, as well as third parties. If it’s a white-collar crime that was committed, chances are this insurance will cover it.