HOA Property Insurance
Protect your HOA with innovative and customized insurance strategies, so your community is prepared when you need it most. HOA property insurance (often called an HOA master policy) is designed to help cover the buildings and common areas your association is responsible for, along with key liability protections that many communities need.
Below are common coverages HOAs choose to include. If you need coverage not listed here, don’t hesitate to reach out—we can help you build a policy that fits your community.
HOA Master Property Insurance (Building & Common Areas)
This is the core of HOA property insurance. It generally covers damage to common elements and association-owned property (for example: roofs, hallways, lobbies, pools, fences, clubhouses, and other shared areas), depending on how your documents define responsibility.
Bare Walls / Walls-In / All-In (Single Entity) Coverage
Not all HOA master policies cover the same “line” inside the unit. Your community may be set up as:
- Bare walls: coverage typically stops at the “bare structure” (often drywall/subfloor), with unit owners insuring most interior items.
- Single entity / all-in: coverage often extends further into the unit to include original fixtures/finishes as built by the developer.
We help you match coverage to your governing documents so there are fewer surprises at claim time.
General Liability Insurance (Association Liability)
HOA liability coverage helps protect the association if someone is injured or their property is damaged in common areas (for example, a slip-and-fall at the pool or clubhouse).
Directors & Officers (D&O) Insurance
D&O helps protect HOA board members (and often the association) from claims alleging wrongful acts, mismanagement, or decisions made while performing board duties.
Crime / Fidelity Insurance (Funds & Fraud Protection)
This coverage is designed to help protect the association from certain theft and fraud-related losses (including scenarios involving money handling and financial transactions).
Ordinance or Law Coverage
After a major loss, building codes may require upgrades when repairing or rebuilding. Ordinance or law coverage can help address those added costs so the HOA isn’t forced to fund code-related gaps out of reserves.
Equipment Breakdown (Boilers, Pumps, Electrical, etc.)
If your community relies on mechanical systems (elevators, pumps, HVAC, electrical gear), equipment breakdown coverage can help with covered repairs and replacement related to mechanical/electrical failures.
Flood, Wind, and Other Catastrophe Options
Depending on location, HOAs often need separate or specialized coverage for flood and/or higher-wind exposures. We’ll help you evaluate what’s realistic for your geography and budget.
Umbrella / Excess Liability
An umbrella policy can add extra limits above your general liability and other liability coverages—helpful for communities that want stronger protection against severe claims.
Loss Assessment Planning (How Owners Fill Gaps)
When a master policy has a large deductible or a shortfall, owners can sometimes be assessed. Many unit-owner policies offer “loss assessment” coverage to help owners with eligible assessments, which is why aligning the HOA master policy with owner expectations matters.
At StarNet Insurance Group, we’re here to help you navigate the complexities of HOA property insurance—so your association can protect its buildings, budget, and homeowners with confidence.