Your HOA should obtain adequate coverage for your community's
needs, which isn't always the bare minimum. Your governing documents
may establish a minimum amount for your HOA insurance policy, but it's
important to understand that you can consider additional coverage if
needed. To ensure proper coverage, consult your association attorney.
Some types of coverage that may be part of your HOA master
policy include:
• Property value and replacement cost
• Directors and officers (D&O) insurance
• Workers' compensation
• Discrimination claims coverage
• Commercial general liability
• Commercial umbrella policy
5. What type of coverage
does my HOA need?
