Homeowners and community association (HOA) insurance

It describes how far the master policy reaches into a unit. That determination guides what each owner’s HO6 policy should pick up, and we can help the board explain ...

Associations handle member funds and reserves. Crime and fidelity coverage may help protect those funds against theft or dishonesty.

Volunteer board members can face claims over governance decisions. D&O liability may help protect them and the association in those situations.

Typically the buildings and common areas plus the association’s general liability. Whether it extends inside individual units depends on whether it is walls-in or bare-walls.

In practice, yes. An association's governing documents, the CC&Rs, nearly always require property and general liability coverage for the common areas, and lenders financing individual units require evidence of ...

These terms describe how much of the physical structure the HOA's master property policy covers, and they directly affect what individual homeowners need in their own HO-6 policies: Bare ...

Two forces drive it, and both are about supply rather than anything specific to one association. Fewer carriers are competing for California association business than a few years ago, ...

A lapse in the master policy creates problems on several fronts at once. Lenders: mortgages on units typically require the association to maintain coverage, and a lender can force-place ...

Yes, D&O is one of the coverages most associations carry, and the reason is structural. Board members are volunteers making binding decisions for all owners, and claims can be ...

Underinsurance is the most common gap we find when we review association policies, and it usually stays invisible until there is a large claim. The mechanism is straightforward. The ...