What Does Home Owners Association Insurance Cover?

1. 

   7647 POINTS

   view profile
   Mark Bartlett CLCS

   Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers

   This can vary from one Association to another. As it pertains to actual property I have seen as little as the grounds only to the complete building you own. Most common coverage is what we call studs out. The HOA would cover your home from studs out in a loss and the owner would be responsible for walls in on a separate policy. Also the owner is responsible for their own personal property, liability protection, medical coverage and loss of use. Also it is very important to carry loss assessments since in an HOA situation a homeowner can be assessed for a loss even if the owner’s property suffered no damage. In an association you are one big happy family. Always get a copy of your CC&R's and consult your agent for the proper coverage’s and protection.

   Answered on April 29, 2013

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.