Immediate openings for remote positions
Apply Now
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
3600 Mansell Rd #525, Alpharetta, GA 30022
  • About
  • Blog
  • Careers
  • Cause
  • Contact
SSI Logo 2021

Southern States Insurance

Georgia Insurance Brokerage

  • About
    • Blog
    • Careers
    • Cause
    • Contact
  • Business
    • Auto
    • BOP
    • Crime
    • Cyber Liability
    • D&O
    • EPLI
    • E&O
    • General Liability
    • Group Health
    • Property
    • Umbrella
    • Workers Compensation
  • Specialty
    • ATV
    • Boat
    • Farm & Ranch
    • Fine Art
    • Flood
    • Golf Cart
    • Guns, Furs & Jewelry
    • Motorcycle
    • RV
    • Special Event
  • Personal
    • Auto
    • Homeowners
    • Life
    • Rental & Vacation Home
    • Renters
    • Umbrella
  • Industries
    • Bakery
    • Church
    • Construction
    • Dietary Supplement
    • General Contractor
    • Hair & Beauty Salon
    • HOA
    • NEMT
    • Security Guard
  • (888) 971-6304
  • Request A Quote
  • Log In

HOA Insurance

› Industries › HOA Insurance

association wooden blocks surrounded with miniature house modelsPurchasing a home in a community that has a homeowner’s association is becoming an increasingly common scenario throughout the country. HOAs offer the benefit of neighborhood amenities, such as golf courses, tennis courts and swimming pools. Fees collected by an HOA also may be used for ground maintenance which helps maintain the appearance of neighborhood homes and may even increase home values.

Recurring fees paid by condominium or homeowners can also go towards an HOA insurance policy. Homeowner’s association insurance is coverage purchased by an HOA to cover repairs to common areas and to protect the HOA against liability claims.

It works similar to other types of insurance policies by protecting against personal injury and property damage. If someone sues the HOA or community property gets damaged, the insurance company will review the claim and will approve if it is deemed valid.

What Does HOA Insurance Cover?

Many HOAs carry what is known as a “master policy.” An HOA master policy generally provides coverage in the event that damage is caused to property shared by all owners, such as common walls, roofs, stairways, lobbies, basements, elevators, atriums, pools, ponds, lakes, fitness centers, clubhouses or playgrounds.

Damage may be caused by fire, wind, vandals, criminals or other sources; however, not all types of damage are covered. For example, a flood insurance policy may need to be purchased separately.

HOAs also may purchase general liability insurance, sometimes referred to as HOA liability insurance for homeowner’s associations, to cover the costs of lawsuits pertaining to medical expenses filed by people who are injured in common areas of the property. HOA liability insurance may include “directors and officers” coverage.

If a person sustains a loss due to the mishandling of funds by HOA management or from another negligent act, the insurance may cover any damages. HOA insurance does not cover damages or liability for injuries that occur within the home or on private property.

Who Should Acquire HOA Insurance?

Homeowner’s associations are required by law to obtain an HOA master policy that covers common areas shared between residents. There are different types of HOA master policies that provide varying amounts of coverage. Before selecting an HOA insurance policy, speak with an experienced insurance brokerage to determine how much coverage is needed to sufficiently protect the HOA against any risks or liabilities they may face.

homeowner association text surrounded by people holding house modelAnyone that lives in a house or condo that has a homeowner’s association is likely paying towards an HOA insurance policy through fees they pay. It is the responsibility of the homeowner’s association to acquire HOA insurance or an HOA master policy.

However, individual homeowners should continue to protect their private property with personal homeowner’s insurance or a condo insurance policy. Standard homeowner’s insurance will generally cover the interior and exterior of a property.

Request A Quote From Southern States

Located in Alpharetta, Georgia, Southern States Insurance is a leading insurance brokerage offering the coverage that HOAs need to remain protected against risks and liabilities. For more information about HOA insurance or to inquire about a new or updated policy, contact the professionals at Southern States Insurance by phone at 888.971.6304 or request a quote online today.

Primary Sidebar

Industries Served

  • Bakery
  • Church
  • Construction
  • Dietary Supplement
  • General Contractor
  • Hair & Beauty Salon
  • HOA
  • NEMT
  • Security Guard

Have a Question?

  • This field is for validation purposes and should be left unchanged.

*Insurance coverage cannot be bound or changed via submission of any online form/application provided on this site or otherwise. No binder, insurance policy, change, addition, and/or deletion to insurance coverage goes into effect unless and until confirmed directly by a licensed agent.

Refer a Friend

Know someone who needs insurance? Refer them to us, and we will give you a gift card and donate to charity.

Find out more

Agents Growth Academy

Interested in taking your insurance career to the next level? Join us on our podcast to learn how to get started!

Business woman on phone with insurance agents

Get In Touch Today!

Speak with one of our insurance brokers to receive a custom quote.

Contact Us

Footer

SSI Logo
3600 Mansell Rd #525
Alpharetta, GA 30022
(888) 971-6304

Company

  • About
  • Blog
  • Careers
  • Cause
  • Contact
  • Make Payment
  • Refer A Friend

Insurance

  • Business
  • Specialty
  • Personal
  • Industries

Disclaimer

*The above description provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.”

© 2022 Southern States Insurance · Powered by 321 Web Marketing · Website Privacy Policy & Terms of Use