Condominium & HOA Insurance
Protect the value of your properties and safeguard against unexpected events so your community can thrive.
A Thriving Community Starts Here
Safeguard the financial health and harmony of your condominium or homeowners association (HOA). At Manna Insurance, we fully understanding the unique needs and complexities faced by community associations.
With us, you have access to a team of experts who can navigate the intricacies of condo and HOA insurance on your behalf.
Whether you manage a small condominium complex or a large-scale community, we can tailor a policy that fits your needs.
We will work to ensure that your association can thrive and endure, no matter what unexpected challenges, liabilities, or disasters may come your way.
So what coverage do I need?
Protecting Condo Owners & HOAs
Property Insurance
Condo associations and HOAs often need property insurance that covers the common areas and shared structures. This includes things like roofs, elevators, lobbies, and swimming pools. If something happens to these shared spaces, property insurance helps foot the bill for repairs or replacements.
Liability
Accidents can happen anywhere, and common areas are no exception. Liability coverage steps in to protect your association if someone gets injured on the property or if your property causes damage to someone else's. It's like a safety net against unexpected legal expenses.
Directors & Officers (D&O) Insurance
If you serve on the board of your condo association or HOA, D&O insurance is a must. It shields you from personal liability if decisions made on the board lead to legal troubles.
Fidelity & Crime Coverage
Unfortunately, not everyone plays by the rules. Fidelity and crime coverage helps protect your association from embezzlement, theft, or fraud by employees or board members.
Loss Assessment Coverage
This is a unique feature. If your condo association or HOA faces a loss that exceeds its policy limits (like a major fire), the cost may be assessed among the members. Loss assessment coverage helps individual members cover their share of the expense.
Customizations
Just like a condo unit or a home, insurance policies aren't one-size-fits-all. We will work with you to customize your condo or HOA insurance policy to fit the unique needs and size of your association.
Ways to Save on Condo & HOA Insurance
Implement strong risk management practices within your community, such as regular safety inspections, maintenance, and emergency preparedness plans. Insurers often offer lower premiums to well-managed associations with fewer claims.
Risk Mitigation
Review and customize your insurance policy to match your community's specific needs and risk profile. Ensure that you're not over-insured and that your coverage aligns with the size and amenities of your association.
Policy Customization
Maintain a positive claims history by addressing issues promptly and efficiently. A clean claims record can result in lower insurance premiums when renewing your condo and HOA insurance policy.
Claims History
Frequent Questions About Condo & HOA Insurance
Insurance can be complicated and confusing. We’re here to help answer your most common questions about condominium & homeowners association insurance coverage.
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Condo and HOA insurance, often referred to as association insurance, is a specialized insurance policy that provides coverage for the common areas, shared structures, and liabilities associated with condominiums and homeowners' associations.
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Condo and HOA insurance typically covers common area property damage, liability protection for accidents in shared spaces, directors and officers (D&O) liability, fidelity and crime coverage, and loss assessment coverage.
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Yes, individual condo owners and HOA members typically need their own insurance policies. Condo owners should have a condo insurance policy (HO-6) to cover their personal property and liability. HOA members may also need homeowners insurance (HO-3 or HO-5) for their standalone homes.
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While condo and HOA insurance is typically not required by law, it is often a requirement in governing documents and is considered essential to protect the interests of the association and its members.
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Condo and HOA insurance typically do not cover individual unit or home interiors. It is primarily focused on common areas, shared structures, and association-related liabilities. Individual unit owners and homeowners should secure their own insurance policies for personal property and interior coverage.
More Coverage Options
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Apartment Complex Insurance
Protect your property investment from potential risks, including property damage, liability claims, and loss of rental income.
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Excess Liability - Umbrella Insurance
Go above and beyond. Protect your business assets with coverage that extends beyond your primary insurance policies.
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Commercial Real Estate Insurance
Protect your property investment from a wide range of risks, including property damage, liability claims, and income loss
Kind Words from Our Customers:
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Ciarra Flint
★ ★ ★ ★ ★
Kyle and Jen are incredible! They walked me through the whole process and were so patient with all of my questions and fully explained everything to me! Thank you so much!
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AJ Johnson
★ ★ ★ ★ ★
The entire staff at Manna Insurance is personable and professional. Rare these days. We are very satisfied with our new policies. We highly recommend Manna!
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Emily Kooistra
★ ★ ★ ★ ★
Last year my home suffered some roof damage due to wind storms. Daniel and Kailey were quick to offer help in any way. Both went above and beyond in communicating with the insurance company to ensure that I was taken care of quickly and efficiently. I would highly recommend Manna Insurance to my family and friends!
Welcome to the Family
As a Manna Insurance customer, you are not just a number to us. We see you as part of our family and all that goes with being part of the #MannaFam.