HOA/Condo Association Insurance
HOA/Condo Association Insurance for Associations & Unit Owners
Closing the Gap Between Your Association's Master Policy and Your Unit
Owning a condominium comes with a unique insurance dynamic. Your homeowners association carries a master insurance policy that typically covers the building's exterior structure, common areas, and shared amenities. However, that master policy almost never extends to the interior of your individual unit, your personal belongings, or your personal liability. An HO-6 condo insurance policy is specifically designed to fill these gaps and protect everything from your kitchen cabinets and flooring to your furniture and electronics.
Understanding exactly where your association's master policy ends and your personal responsibility begins is critical. Anker Insurance works with condo owners across Washington, Oregon, California, Arizona, and Texas to review their association's CC&Rs and master policy declarations, identify coverage gaps, and build an HO-6 policy that delivers complete protection. Whether you own a unit in a downtown Seattle high-rise, a coastal condo in San Diego, a golf course property in Scottsdale, or a townhome in Austin, we ensure that your insurance aligns with your association's requirements and your personal risk exposure.
Master HOA/COA Policy
Before addressing individual unit coverage, it is important to understand the master policy that your homeowners association or condominium owners association carries. The master HOA/COA policy is a commercial insurance policy purchased by the association's board of directors to protect the entire property. It typically covers the building's exterior structure, roof, foundation, common areas such as lobbies, hallways, pools, and fitness centers, as well as the association's general liability exposure. This policy is funded through the dues and assessments that all unit owners pay.
The scope of a master policy varies significantly from one association to another. Some master policies cover only the bare exterior walls and shared systems, while others extend coverage to interior finishes as originally built. Knowing exactly what your association's master policy covers is the critical first step in determining how much individual HO-6 coverage you need. Anker Insurance can help HOA and COA boards evaluate their master policy options, ensure adequate coverage limits for the entire property, and secure competitive rates from carriers that specialize in association insurance.
Key Benefits at a Glance
Master Policy Types and What They Mean for You
| Master Policy Type | Your Coverage Responsibility |
|---|---|
| Bare Walls-In | You are responsible for all interior finishes, fixtures, flooring, cabinets, countertops, appliances, and personal property |
| Single Entity | Master policy covers the unit as originally built; you cover upgrades, improvements, personal property, and liability |
| All-In (All Inclusive) | Master policy covers interior finishes as built; you still need coverage for personal property, improvements, and liability |
| Loss Assessment | If a major claim exceeds the master policy, the HOA may levy assessments against all owners; your HO-6 can cover your share |
| Master Policy Deductible | Some associations pass the master policy deductible to the unit owner whose unit caused the loss; your HO-6 can cover this |
Why Choose Anker Insurance for Condo Coverage?
Condo insurance requires a level of analysis that goes beyond a standard homeowners quote. At Anker Insurance, our agents review your association's master policy and governing documents before recommending coverage, so your HO-6 policy is built to complement, not duplicate, the protection already in place. We also help you understand loss assessment exposure, advise on appropriate liability limits, and identify whether additional endorsements for water backup, identity theft, or scheduled valuables would be beneficial for your situation.
Ready to Secure Your Condo Unit?
Do not rely solely on your HOA's master policy to protect your investment. Contact Anker Insurance today for a condo insurance quote tailored to your specific building, unit, and association requirements. We make it simple to understand what you need and ensure you are properly covered from the walls in.
