HOA Crime (Fidelity) Insurance
Protect your HOA with innovative and customized insurance strategies, so your community is prepared when you need it most. HOA Crime (Fidelity) Insurance — often called fidelity bond coverage or employee dishonesty coverage — is designed to help protect the association’s funds when theft, fraud, or dishonest acts cause financial loss.
Below are common coverages and situations HOAs often plan for with crime/fidelity insurance. If you need coverage not listed here, don’t hesitate to reach out—we can help you build a policy that fits your community.
Employee Dishonesty / Staff Theft
If an HOA has employees or on-site staff who handle money, crime coverage can help respond to covered losses caused by dishonest acts—such as theft or misappropriation of association funds.
Theft by Board Members or Volunteers (When Covered by Policy)
Many associations rely on volunteer leadership. Depending on how the policy is written, crime coverage may help protect against covered dishonest acts committed by board members, officers, or volunteers who have access to funds or financial controls.
Property Manager or Third-Party Theft (When Included)
HOAs often outsource financial handling to management companies. Some crime policies can be structured to include coverage for covered dishonest acts by a third-party property manager—important for associations that want protection beyond internal employees.
Forgery & Alteration (Checks and Financial Documents)
Crime coverage often includes protection for covered losses involving forged signatures, altered checks, or fraudulent financial instruments—helping the association respond when unauthorized transactions occur.
Computer Fraud & Funds Transfer Fraud
Cyber-enabled fraud is a growing risk for HOAs—especially with online banking, wire transfers, and electronic payments. Many crime policies can include coverage for certain computer fraud or funds transfer fraud incidents—helping protect the HOA when criminals manipulate transactions.
Social Engineering / Impersonation Fraud (If Added)
HOAs can be targeted by scams where criminals impersonate a vendor, board member, or manager to trick the association into sending money. Some policies offer optional social engineering coverage to help with eligible losses from these deception-based attacks.
Strengthens Financial Controls & Community Confidence
Crime/fidelity insurance isn’t just about replacing stolen funds—it’s also about protecting reserves, reducing the risk of special assessments, and maintaining trust in association leadership and financial processes.
At StarNet Insurance Group, we help HOA boards and property managers build crime (fidelity) coverage that makes sense — so your association’s funds, reserves, and financial stability are protected with confidence.