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PROPERTY INSURANCE
HOA property insurance covers all common physical
property and its contents that the association is
required to insure. This may include your HOA's
clubhouse, outdoor property, condominium
residential buildings, or other shared facilities
damaged by an insurable peril.
What it covers:
• Common buildings and structures
• Shared outdoor property
• Furniture and fixtures
• Other property owned by the association
Whether you have multiple common buildings
or very little shared property, most insurance
companies offer different options for HOAs. Having
your community evaluated regularly will confirm
you have enough coverage to repair and replace
damaged property if something happens. Just
be sure to analyze deductibles carefully and add
coverage enhancements when needed.
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