Business Insurance for Homeowners Associations

If you’re on the board of a homeowners association (HOA), you know the challenges of maintaining your community’s high standards — especially when the unexpected happens.

Be sure to ask a Farmers® agent about insurance options for your condominium, townhouse or planned community — and choose the coverage your HOA wants.

Here are just a few ways you can personalize a Farmers policy to help manage typical risks:

Risk:

Neighborhood teenagers launch a bottle rocket that lands on your community clubhouse’s roof, setting it ablaze.

Coverage:

Business property insurance can help pay for damages to association buildings and common property caused by fires and other unforeseen disasters.

Risk:

The fire department extinguishes a blaze before major damage is done, but floods the patios of several units in the process and damages exterior fixtures.

Coverage:

Condominium property coverage can help when exterior fixtures are damaged.

Risk:

A resident’s visiting grandfather is injured when he trips over broken pavement while crossing your complex’s common area.

Coverage:

Business liability insurance can help offset the costs of lawsuits and other claims brought against your association due to injuries sustained on your premises.

Risk:

The former treasurer of the board misappropriates a large lump sum right before selling his condo.

Coverage:

Business crime insurance can help cover losses stemming from robbery or a board member’s dishonesty.

Farmers offers some of the most comprehensive HOA coverage choices

Here are some HOA policy highlights:

Building ordinance coverage can help when new or updated regulations increase the cost of repairing or replacing an older building.
Farmers writes policies for HOAs based on location rather than individual structures. This means multiple buildings can share a single coverage limit — and just one line on insurance forms.

With Farmers, you can also customize your policy:

Directors and officers liability insurance can help cover costs if lawsuits or dispute claims are filed against an HOA’s board members.
A guaranteed replacement cost option might help restore a building to its original condition if costs exceed your policy limit.

Farmers works to build strong customer relationships

Farmers has spent 90 years putting customers first. Are you shopping for coverage, or do you have a question about your policy? Maybe you’re ready to get an HOA insurance quote. Be sure to let a Farmers agent deliver personalized service and support.

You’ll experience a similar level of care from our knowledgeable claims representatives, who will provide assistance as quickly as possible.

To learn more about what Farmers can do for your homeowners association, call an agent today.

Customizable options, personalized advice.

Talk to a Farmers® agent in your area, and get to know our coverage for homeowners associations.

Find a Farmers agent

Advertisement produced on behalf of the following specific insurers and seeking to obtain business for insurance underwritten by Farmers Insurance Exchange, Fire Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company, Civic Property and Casualty Company, Exact Property and Casualty Company, Neighborhood Spirit Property and Casualty Company, Farmers Insurance Company of Washington (Bellevue, WA) or affiliates. In TX: insurance is underwritten by Farmers Insurance Exchange, Fire Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company, Farmers Texas County Mutual Insurance Company, Mid-Century Insurance Company of Texas or Texas Farmers Insurance Company. In NY: insurance is underwritten by Farmers Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company or Farmers New Century Insurance Company. Home office, Los Angeles, CA.

Each of following insurers who transact business in California are domiciled in California and have their principal place of business in Los Angeles, CA: Farmers Insurance Exchange (#R 201), Fire Insurance Exchange (#1267-4), Truck Insurance Exchange (#1199-9), Mid-Century Insurance Company (#1428-2), Civic Property and Casualty Company (#4241-6), Exact Property and Casualty Company (#4240-8), Neighborhood Spirit Property and Casualty Company (#4242-4).

Life insurance issued by Farmers New World Life Insurance Company, a Washington domestic company: 3120 139^th Ave. SE, Ste. 300 Bellevue, WA 98005 (CA#: 0378-0). Farmers New World Life is not licensed and does not solicit or sell in the state of New York.

Securities offered through Farmers Financial Solutions, LLC, (In NY: Farmers Financial Solutions and Insurance Agency), 31051 Agoura Road, Westlake Village, CA 91361. Member FINRA & SIPC

Each insurer has sole financial responsibility for its own insurance. List of all insurers at farmers.com. Not all insurers are authorized in all states. Not all products, coverages, features and discounts are available in every state and may vary by state. Restrictions, exclusions, limits, and conditions apply. See agent for details.