Posts in HOA Insurance
Protecting The Community With HOA Insurance

Most HOA’s, especially newer ones, are required by their declarations or bylaws to carry one or more forms of insurance.  Acquiring the necessary coverage and paying premiums is the board’s job, and board-members should take great care to ensure all obligatory coverage remains in place.  If anything goes wrong and the association does not have insurance that it’s supposed to have, board-members or officers could end up on the hook personally. Many states have laws mandating HOA insurance. There are numerous types of insurance coverage which could potentially benefit an HOA, including the three forms required by the UCIOA: physical damage, general liability, and fidelity insurance. 

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