Homeowners Association (HOA) & Condo Association (COA)
Managing a homeowners association comes with unique responsibilities—and risks. HOA & COA insurance is designed to protect the association, its board members, and shared community assets from financial loss.
From property damage to liability claims, having the right coverage in place helps keep your community running smoothly.
What Is HOA & COA Insurance?
Homeowners Association (HOA) & Condo Association (COA) insurance (often called a master policy) provides coverage for common areas, shared structures, and the association itself. It helps protect against unexpected events that could impact the entire community.
Coverage needs can vary depending on the size of the association, property types, and governing documents.
What Does HOA & COA Insurance Cover?
Property Coverage
Protects shared buildings and common areas such as clubhouses, pools, hallways, roofs, and landscaping from covered losses like fire, storms, or vandalism.
General Liability
Provides protection if someone is injured in a common area or if the association is responsible for property damage.
Directors & Officers (D&O) Liability
Covers board members and officers against claims related to decisions made on behalf of the association, including disputes with residents.
Crime / Fidelity Coverage
Helps protect association funds from theft, fraud, or embezzlement by employees or board members.
Equipment Breakdown
Covers repair or replacement of essential systems such as HVAC, elevators, or boilers in shared spaces.
Types of HOA & COA Master Policies
Understanding your HOA & COA’s master policy is critical for both board members and residents:
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Bare Walls-In Coverage: Covers only the structure and common areas
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Single Entity Coverage: Includes some built-in features inside units
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All-In Coverage: Provides the broadest protection, including fixtures and improvements within units
Each type affects what individual homeowners are responsible for insuring on their own policies.
Additional Coverage Options
To strengthen protection, many associations consider:
Umbrella liability for higher coverage limits
Flood or earthquake insurance (where applicable)
Workers compensation for maintenance staff
Ordinance or law coverage for building upgrades after a loss
Why HOA & COA Insurance Matters
Without proper coverage, a single claim could create financial strain for the entire community. HOA & COA insurance helps protect shared assets, supports board members in their roles, and provides stability for residents.
Get Started Today
Whether you manage a small community or a large association, we can help you review your current policy and identify any gaps. Contact our team today to explore HOA & COA insurance options tailored to your community.