Homeowners Association Insurance

Homeowners association insurance to protect your assets and your future.

Homeowners, condo owners, and renters who are part of your homeowners association have their own insurance policies for their personal belongings and owned properties. However, homeowners associations (HOAs) are responsible for having insurance for properties owned by the HOA, as well as common areas.

Because of the many risks HOAs face, it’s important to have a specialized homeowners association insurance policy in place.

Don’t settle for subpar homeowners association insurance coverage. Finding the perfect HOA insurance provider can be a daunting task. That’s where our dedicated team of HOA insurance brokers steps in. We are here to guide you through the process, ensuring you get the best homeowners association insurance provider that covers all your unique needs.

Get a quote from one of our experienced homeowners association insurance advisors today.

What insurance coverages do homeowners associations need?

Homeowners associations of all types need insurance, including condominiums, planned communities, and townhouses. One of the most important coverages each of these homeowners associations need is an HOA master policy.

Homeowners or townhome association insurance provides coverage against property damage and loss, as well as liability claims from visitors or HOA members. A commercial property insurance policy offers protection for buildings owned by the HOA, but it’s important to note that it only covers the structures, not the personal contents of residents.

Stop worrying about ill-suited coverage or searching for the right HOA insurance companies. As an independent HOA insurance broker, we prioritize your needs over anything else. Our expertise and dedication will ensure you find the right homeowner or townhome association insurance that gives you peace of mind.

Let us help you secure the perfect HOA master policy from an HOA insurance provider that meets your needs.

The risks that homeowners associations face.

Homeowners associations have the responsibility of the safety and well-being of their residents and visitors on property owned by the HOA. For example, if a visitor sustains injuries while at your HOA’s common area, your liability coverage would kick in to cover costs from medical claims and potential lawsuits.

Directors and officers (D&O) insurance protects the assets of board members if the organization is sued for alleged acts of wrongdoing. Crime insurance can provide coverage to protect your HOA in event of crimes by either a 3rd party or an employee, depending on the policy.

Don’t let your HOA be vulnerable to risks. Navigating the complexities of homeowners association insurance can be a nightmare. As an independent HOA insurance brokers, we can guide you towards the best HOA insurance provider for your needs.

Let us find the right townhome association insurance for you that provides comprehensive coverage with a HOA insurance company.

Important things to know about homeowners association insurance.

Homeowners association insurance covers structures owned by the HOA, not the personal belongings of the residents. This means that if a resident does not have the appropriate coverage for their personal belongings, it would not be covered under the HOA’s policy.

The requirements of minimum coverage that HOA members need may vary depending on where your community is located. Your agent will be able to determine what is covered by the HOA and what HOA members are responsible for.

Navigating the complex world of homeowners association insurance can be overwhelming. Colby Group is an experienced HOA insurance broker that can guide you through the process of finding the best homeowners association insurance provider for your specific needs.

Fill out the form to get a quote for homeowners association insurance.

The business side of homeowners associations.

There are some policies that your homeowners association needs to consider to provide more protection. For example, if you hire employees that perform maintenance and they are injured on the job, workers’ compensation would offer coverage for their medical expenses.

A cyber liability insurance policy could benefit the HOA if you store any sort of personal information on your computer network. Also, a social host liability insurance policy is helpful to have if you allow HOA members to host events at HOA owned buildings or common areas, as it provides coverage from potential liability claims.

Do you need specialized homeowners association insurance for your HOA? Contact us to discuss your options.

Get Started Today

As an independent agency, we are here to help you find the right Homeowners Association Insurance coverage.