HOA Management Blog

Whether you own or rent your home within a homeowners association, insurance is essential to protect your property and household goods. Comparison shopping for the best rates will certainly save you some money, but you also can save by following these tips:

While nearly all HOAs have some type of policies on the books, many HOA boards have little or no idea what type of insurance they have or need. This can potentially lead to expensive litigation and claims that can cost your homeowners association thousands, and sometimes even millions of dollars.

One common subject that often causes confusion in a homeowners association is grasping the difference between the maintenance responsibilities of an association and the items that are covered by the association’s insurance policy. Often owners and even HOA board members may not understand the differences between these two subjects.

If your homeowners association property has been damaged in a natural disaster—hurricane, tornado, flood, earthquake or fire there are some important steps you can take in the immediate aftermath to ensure your safety and minimize financial loss. Consider the following actions:

As a homeowner, you probably received a new home warranty when you purchased your home - many owners within your homeowners association may also have one. If no major problems have been encountered with your home, then you probably have not read the home warranty paperwork, but you should!

If you’re a member of an HOA board, you probably know that having insurance for your homeowners association is a necessity to protect the HOA and its members. But do you know what type of insurance you need to have or what the Association is responsible for and what the individual homeowner is responsible for? It can be a confusing topic to understand, especially if you have outdated CC&Rs – or haven’t even read your CC&Rs.