Insurance Issues

Homeowner Association (HOA) insurance issues involve the types of coverage the HOA must maintain for common areas and amenities, like pools or clubhouses. HOAs typically need liability insurance to protect against injuries or damages. Additionally, they may require property insurance for shared structures. Disputes can arise over coverage responsibilities, particularly regarding individual unit owners’ insurance versus the HOA's policies. Homeowners should understand the extent of their own insurance, as it often does not cover common areas or incidents involving HOA property, which can lead to liabilities if not properly managed. Clear communication and well-defined insurance policies are essential.