Insurance Built for Associations
Enter your association’s address for a preliminary premium indication on your master policy. Then receive bindable quotes from up to 12 appointed Insurance companies, compared side by side on coverage, deductibles and limits.
Condo association Insurance
What does a condo association Insurance policy cover?
The master policy is the association’s own Insurance, funded through member assessments. It typically includes condo building Insurance for the shared structures and common elements, general liability, directors and officers (D&O) liability for board decisions, and crime coverage for the funds the association holds.
Whether your policy is bare walls, single entity or all-in (also called walls-in) helps decide where the master policy ends and a unit owner’s HO-6 begins. The governing documents, applicable law and endorsements decide the rest.
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Licensed in all 50 states and the District of Columbia -
12 markets one program -
Written rationale on every placement
Your HOA Insurance agency
The right HOA Insurance company for your association, not just the one available.
Non-renewals, rising premiums and carriers that are hard to reach can leave a board feeling stuck. ProtectMyHOA is the brand of HOA Insurance Agency, a professional condo and HOA Insurance agency, licensed nationwide, that does the shopping for you. Our agents take your association to the HOA Insurance providers that write your risk and bring the options back to your board.
Independent, so you’re never tied to one insurer
A captive agent can offer only one company’s policy. As an independent HOA Insurance agency, we’re appointed with multiple providers, so if your current carrier raises rates or non-renews, your board has other markets to approach.
Up to 12 markets, one submission
You complete one submission instead of chasing carriers one by one. We present it to the appointed markets that write condo and HOA risks like yours and bring every quote we receive back to you.
Specialists, not generalists
Condo and HOA association Insurance is all we do, so we already know the questions that come up at renewal: master policy forms, deductibles, valuations and lender requirements.
Clear compensation
Your preliminary premium indication, coverage review and market comparison cost your association nothing. Our compensation is disclosed on every option, and nothing is bound until your board chooses.
The ProtectMyHOA Board Record
You serve your association. We put every HOA Insurance decision in writing.
We know how renewal season feels: premiums rising, owners asking questions, and a board expected to make a decision it will have to explain. A quote alone doesn’t make that case. That’s why every condo association policy we place comes with the ProtectMyHOA Board Record, a short written summary built to be filed with your meeting minutes.
Board members can face personal questions, and sometimes claims, over the decisions they make. Alongside your HOA liability Insurance and D&O coverage, the Board Record documents the information you had and the reasoning behind your choice.
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What we reviewed
Your current master policy, loss runs and governing documents, read together so the coverage matches what your documents require.
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Which Insurance companies we approached
Each one named, with the response it gave, so owners can see the market was genuinely tested.
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What each option costs
Premium, deductible and limits for every option in one table, so you see the full HOA Insurance cost, not just the lowest premium.
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Why we recommended it
Our reasoning in plain language, free of jargon, so any board member can present it to owners.
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What is still not covered
Every gap named in writing, including deductible and special assessment exposure owners may face, not left out of the proposal.
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What to revisit next year
Items like building valuations and deductibles that need attention before your next renewal.
Coverage your board can defend, and owners can understand.
The process
Review. Compare. Place. Record.
Four stages, in order, on a schedule the board can hold us to.
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Review
We read the current policies, the loss runs and the governing documents, and identify where the coverage and the bylaws disagree.
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Compare
We approach our directly appointed markets that write your risk and set the responses beside one another on coverage, deductibles and limits.
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Place
We bind the option the board selects and confirm the certificates, mortgagee clauses and lender evidence are correct.
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Record
We issue The Board Record so the decision, and the reasoning behind it, is documented for the minutes.
Our markets
Markets a board will recognize
Direct appointments with twelve markets, national insurers alongside the specialists.
Carrier availability varies by state, association type and risk profile. Not every market is approached on every placement.
Compensation
Clear fees. In writing before you purchase.
- No fee to review what you already have; any placement fee is disclosed before purchase
- Compensation disclosed in The Board Record on every placement
- What we are paid is disclosed for every option, so you can weigh the recommendation against it
What Coverage Does Your Association Need?
Enter your property address for a starting coverage checklist built on your state and unit count.
Who we serve
Who we work with
Four groups, each needing something different from the same placement.
Boards & trustees
Request a board review >Property managers
Talk to us about a portfolio >Developers & sponsors
Discuss a new project >Unit owners
Get HO-6 coverage >Coverage area
HOA Insurance by State
Licensed in all 50 states and the District of Columbia. Carrier availability varies by state, association type and risk profile.
Where we place coverage
Licensed in all 50 states and the District of Columbia. Select a state to open its page.
Questions
Frequently Asked Questions About Condo & HOA Insurance
What is master Insurance on a condo?
Master Insurance is the condo association’s own policy, paid for through member assessments. It typically covers the building structure and common elements, such as roofs, hallways, elevators and grounds, along with the association’s general liability. Many associations carry D&O, crime and umbrella coverage alongside it. How far the master policy reaches inside each unit depends on whether it is written as bare walls, single entity or all-in.
Does condo Insurance cover water damage?
Often, but which policy responds depends on where the water came from and what it damaged. Sudden, accidental leaks, such as a burst pipe, are commonly covered. Gradual leaks, flooding and sewer backup usually are not unless specifically added. Damage to common elements generally falls to the master policy, while your belongings and interior finishes generally fall to your HO-6. The master policy form, deductible and governing documents decide the rest.
How much does condo Insurance cost?
It depends on the policy. A condo association’s master policy premium is driven by the building’s replacement cost, location, construction, age, loss history, deductible and the limits your governing documents require. A unit owner’s HO-6 premium is usually much lower because it covers only the owner’s share. Because these factors vary so widely, the most reliable starting point is a preliminary premium indication for your property, followed by bindable quotes from the Insurance companies that write it.
How much condo Insurance do I need?
Start with your association’s master policy. Under a bare walls form, you may need dwelling coverage for interior walls, fixtures, cabinets and flooring. Under an all-in form, you may need it only for upgrades you’ve made. Add personal property coverage for your belongings, personal liability, and loss assessment coverage at least equal to your share of the association’s deductible. Your lender may also set minimum requirements.