Hard to Place Insurance for HOAs

Associations that have been sued several times or have suffered several significant claims will often find it difficult to obtain highly competitive insurance rates with the most comprehensive coverage available. These associations can still obtain insurance. However, coverage is more limited, deductibles are higher, and the premiums are higher. The insurance may also exclude certain known risks such as a litigious homeowner. Once an association has about three years of no loss history, it can usually obtain the most competitive policy available. Contact Independent Insurance Agents of California for any questions regarding coverage and to obtain a quote for any common interest development or other property.