HOA Master Insurance Policy: A Comprehensive Overview Edit
The purpose of a HOA master insurance policyis to shield the association, building structures, and common area property from liability. Although this coverage is essential, personal property or improvements made within individual units are not covered. To be fully protected, homeowners must have their own HO-6 insurance. Given the prevalence of hazards like earthquakes and wildfires in California, it’s critical for homeowners and HOAs to comprehend coverage specifics and close any possible gaps.
