HOA Insurance
Comprehensive HOA coverage that protects your property and community from liability claims, giving you peace of mind knowing both your assets and guests are safeguarded against unexpected events.
Trust your community's protection to experts who understand HOA's unique coverage requirements.
With decades of specialized experience protecting homeowners associations, our expert advisors bring deep understanding of community management risks to every client relationship. We work closely with you to develop insurance solutions that safeguard against property damage, liability claims, and board member exposures while anticipating evolving community needs. Our commitment to ongoing support ensures your association maintains comprehensive protection as your community and amenities grow.
Our licensed insurance professionals specialize in coverage for homeowners associations, from small residential communities to large-scale planned developments. Through continuous monitoring of HOA regulations, property management standards, and emerging operational risks, we stay ahead of evolving community challenges. This proactive approach ensures your policy provides comprehensive protection against board liability claims, property damage incidents, and common area liability exposures.
We go beyond standard HOA coverage to provide comprehensive protection tailored to your community's unique needs. Our policies cover everything from property and common area liability to board member defense and assessment protection, ensuring no aspect of your association remains exposed to risk.
Hear from our customers
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Have been a client for almost 7 years. Kristina catches the phone on the first ring, makes me feel like I am the most important call of her day and always goes the extra mile to meet my needs or solve my problem. She is a keeper!!! She makes TWFG Khan Insurance Services better!!!!
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My Company CDS Protective Services LLC was in need of insurance and I was so frustrated that other companies had not getting back with me. I called Kristina on a late afternoon and had it all taken care of by the next morning. Kristina was knowledgeable and explained everything to me on the phone.
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Our company was in need of insurance and we were frustrated through other companies not getting back with us. I called Sameer on a late afternoon and had it all taken care of by 11:00 the next morning. He was knowledgeable and explained everything on the phone.
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TWFG Khan Insurance Services assisted our small family owned trucking company with commercial insurance in our first year of business. They were able to get us with the best company that would provide us a policy with the lowest rate. Not only that but their staff provides the most exceptional service, especially Chandler Bennett.
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Comprehensive professional protection, tailored to your industry's unique risks and compliance needs.
• Building structure protectioncovers damage from fires, natural disasters, vandalism, and severe weather events affecting common areas and shared facilities.
• Equipment breakdown coverageincludes repair costs for HVAC systems, elevators, security systems, and other essential mechanical installations within the property.
• Common area protectionensures coverage for lobbies, swimming pools, clubhouses, and recreational facilities against damage, theft, or liability issues.
• Emergency service coverageprovides immediate response funding for water damage mitigation, debris removal, and temporary protective measures after incidents.
• General liability coverageprotects against bodily injury claims, property damage incidents, and personal injury situations occurring on association property.
• Directors and Officers protectionsafeguards board members from claims regarding mismanagement, wrongful decisions, and breach of fiduciary responsibilities.
• Employment practices liabilitycovers discrimination claims, wrongful termination suits, and harassment allegations from association employees or contractors.
• Professional liability protectionensures coverage for errors in management decisions, contract oversight, and violation of governing documents.
• Employee theft protectioncovers losses from embezzlement, fraudulent transactions, and misappropriation of funds by association employees or volunteers.
• Computer fraud coverageprotects against cybercrime, unauthorized electronic transfers, and digital theft of association funds or data.
• Forgery protection insurancecovers losses from check tampering, fraudulent signatures, and unauthorized monetary instrument alterations.
• Money and securities coverageensures protection for cash, checks, and financial instruments during storage, transfer, or deposit activities.
• Extended liability protectionprovides additional coverage beyond primary policy limits for catastrophic events, major lawsuits, and extensive damages.
• Catastrophic incident coverageensures protection against large-scale disasters, multiple-party claims, and extraordinary loss situations requiring extensive compensation.
• Legal defense expansioncovers additional attorney fees, court costs, and expert witness expenses beyond standard policy limitations.
• Supplemental damages coverageprovides extra protection for property damage, bodily injury claims, and personal injury situations exceeding primary limits.
On average, HOA insurance costs around $4,500 annually; however, individual premiums vary based on several factors:
Older buildings and wood-frame structures typically incur higher premiums due to increased maintenance needs and heightened fire risk potential.
Properties with pools, fitness centers, and playgrounds face higher insurance costs because these features increase liability exposure for accidents.
Communities with multiple past claims, especially water damage or slip-and-fall incidents, experience significantly higher premium rates over time.
HOAs with surveillance systems, gated entries, and modern fire suppression equipment often qualify for substantial premium discounts.
Communities in areas prone to natural disasters like floods or earthquakes face higher premiums compared to lower-risk geographical locations.
Frequently Asked Questions
Quick answers to questions you may have. Can’t find what you’re looking for? Contact us here.
HOA master insurance generally covers damage to common areas from covered perils like fire, storms, and vandalism. Coverage extends to shared spaces, building exteriors, and amenities, but typically excludes unit interiors and personal property. Policies may have different deductibles for various perils, and coverage limits should align with property replacement costs. Regular property valuations and maintenance documentation help ensure adequate coverage. Boards should review policy details annually and communicate coverage boundaries to residents.
Directors and Officers (D&O) coverage within HOA insurance protects board members from personal liability for decisions made in their official capacity. However, protection only applies to actions taken in good faith and within their authorized duties. Intentional misconduct or illegal activities aren't covered. Coverage typically includes legal defense costs and settlements. Boards should maintain detailed meeting minutes, follow bylaws strictly, and seek professional advice for major decisions to ensure coverage remains valid.
Coverage adequacy depends on professional property valuation, local disaster risks, and replacement cost assessments. Insurance limits should reflect current construction costs and include additional expense coverage for code upgrades. Regular insurance audits, building inspections, and market cost analysis help determine appropriate limits. Consider supplemental coverage for specific risks like earthquakes or floods. Working with an experienced insurance advisor ensures comprehensive protection aligned with community needs.
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For over a decade, TWFG Khan Insurance Services has been the trusted partner for businesses across Texas and neighboring states. We specialize in complex insurance solutions for maritime, oil & gas, and construction industries where standard coverage isn't enough.
Don't let gaps in coverage put your business at risk. Our team of specialists will work with you to create a comprehensive protection plan that keeps your business secure and compliant.
Join the hundreds of businesses who trust us with their most critical insurance needs.
