Homeowners Association Liability

Homeowners association insurance provides coverage for common areas, shared amenities, and liability within a community.

Homeowners Association Liability insurance is a type of insurance coverage designed specifically for homeowners associations (HOAs). HOAs are responsible for managing and maintaining common areas, amenities, and shared facilities within a community or development. This insurance coverage protects the HOA from financial losses and liability claims resulting from accidents, injuries, property damage, or legal disputes.

• Coverage: HOA Liability insurance typically provides coverage for bodily injury or property damage claims that occur within the common areas under the association's responsibility. It may also include coverage for legal defense costs, settlements, or judgments related to covered claims.
• Liability Protection: This insurance protects the HOA against claims and lawsuits brought by residents, guests, vendors, or other third parties who suffer injuries or property damage within the common areas. It can also cover claims related to errors or omissions in the HOA's management or decision-making processes.
• Common Areas Coverage: Common areas commonly include amenities like swimming pools, playgrounds, clubhouses, fitness centers, parking lots, and sidewalks. The insurance may also extend coverage to other shared elements, such as landscaping, signage, and security systems.
• Directors and Officers (D&O) Coverage: HOA Liability insurance may include D&O coverage, which protects board members and officers from personal liability claims arising from their actions or decisions made on behalf of the association.
• Additional Coverages: Depending on the policy, additional coverages may be available, such as employment practices liability coverage, which protects against claims related to wrongful termination, discrimination, or harassment by HOA employees or volunteers.
• Policy Limits and Deductibles: HOA Liability insurance policies have coverage limits that define the maximum amount the insurance company will pay for a covered claim. Deductibles may also apply, which is the amount the HOA is responsible for paying before the insurance coverage kicks in.

Please contact us so that we can provide you with details about our available policies, coverage options, and any specific requirements for your situation.