HOA Insurance
HOA Insurance Agency specializes in HOA master insurance policies for associations and HO‑6 condo unit owner insurance for residents—built to work together. If you’re an HOA board, your insurance program isn’t just a renewal. It’s a financial and legal protection plan for shared assets, shared liability, and shared decision-making. If you’re a unit owner, your HO‑6 policy isn’t optional paperwork—it’s how you protect your unit, your improvements, and your exposure to HOA deductibles and loss assessments.
What Is an HOA Master Policy?
An HOA master policy (often called a condo master policy or condominium association insurance) typically includes:
Property coverage for buildings and common areas
General liability for premises and operations
Optional/added coverages based on need: umbrella, D&O, crime, cyber, equipment breakdown, ordinance or law
Master policies differ by building type, governing documents, and how the association defines responsibility for interiors.
Key HOA Master Coverages We Place
Property (Buildings & Common Areas)
Important items boards should understand and review:
Replacement cost vs actual cash value
Building limit adequacy (valuation/replacement cost updates)
Water and freeze exposure and deductible structure
Per‑unit water deductibles (common in condo master policies)
Ordinance or law limits (code upgrades after a loss)
Equipment breakdown (boilers, HVAC, mechanical systems)
General Liability
Premises liability (slip & fall, common areas)
Operations liability
Medical payments and defense costs
Contractual/insured contract considerations (vendors)
Umbrella / Excess Liability
Umbrella extends limits above underlying liability policies—often essential for large claims.
Directors & Officers (D&O)
D&O protects the association and board members for governance-related allegations such as:
Decisions and enforcement disputes
Alleged wrongful acts in managing the association
Discrimination claims (where available/eligible)
Defense costs for covered allegations
Crime / Fidelity
Crime protects association funds against certain theft and fraud exposures such as:
Employee/volunteer theft
Forgery/alteration
Computer fraud / funds transfer fraud (often by endorsement)
Common HOA Insurance Issues We Help Solve
Master policy doesn’t match bylaws (all‑in vs bare walls confusion)
Building limit is outdated; replacement cost inflation not reflected
Ordinance or law limits are too low for older properties
Deductibles increased but unit owners aren’t informed
Missing D&O or insufficient crime coverage for association funds
Coverage gaps between master policy and HO‑6 policies
What Is HO‑6 Insurance?
HO‑6 insurance (condo unit owner insurance) is designed for individuals who own a condo unit within an association. It typically covers:
Personal property (contents)
Unit improvements and betterments (depending on what the master policy covers)
Personal liability
Loss of use
Loss assessment (important for HOA special assessments)
HO‑6 is especially important when the association has large deductibles, water losses, or potential assessments.
Why HO‑6 Matters for Unit Owners in HOAs
Unit owners are often surprised by:
Association deductibles that apply per‑unit for water losses
Special assessments after large claims
Gaps between “walls‑in” responsibilities and what unit owners assume is covered
A properly structured HO‑6 policy helps unit owners protect themselves—and reduces conflict at the board level.
HO‑6 Coverage We Focus On
Loss assessment coverage limits
Water backup and seepage considerations (where available)
Adequate Coverage A for improvements (if needed)
Personal property limits aligned with actual contents
Liability limits and umbrella coordination (if applicable)
Master Policy + HO‑6 Coordination
The best HOA insurance outcomes happen when:
Boards understand the master policy structure
Unit owners carry HO‑6 coverage aligned with that structure
Loss assessment and deductible exposure are explained upfront
We can support boards by providing a clear explanation of:
What the master policy covers
What unit owners are responsible for
What HO‑6 policies should address for that association
Frequently Asked Questions
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The master policy covers association-owned buildings and common areas (and sometimes portions of unit interiors depending on bylaws). HO‑6 covers the unit owner’s personal property, liability, and often improvements and loss assessment.
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In most cases, yes. Unit owners typically need HO‑6 for personal property, liability, and coverage gaps or assessments that the master policy does not cover.
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At a minimum: building valuation, deductible structure (including per‑unit water deductibles), ordinance or law limits, liability limits, umbrella, D&O, and crime.