COA & HOA Master Policy Insurance

Condominium and Homeowners Associations need insurance coverage that aligns with their governing documents and the unique risks of shared property ownership. At SFI Group, our agents understand how to interpret condo declarations, by-laws, and HOA covenants to build build policy packages that address required coverage standards while protecting the community. The details written into your association’s documents directly determine what coverage is required and what may be optional. Our team takes the time to review your documents and confirm that every policy meets the obligations set for your association.

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Types of HOA and COA Coverage We Offer

1. Property Insurance - Protects buildings and common areas against physical damage. Whenever possible, this is written on a special form policy—the broadest property coverage available—covering everything except what’s specifically excluded. For properties near the coast, separate wind and flood policies are often required.
2. Wind & Excess Wind Coverage - In coastal North Carolina, wind coverage may be excluded from standard property policies. SFI Group helps associations secure wind or excess wind coverage through the proper markets or pools, based on your building’s construction and distance from the water.
3. Flood Insurance - For condominium associations, flood coverage is often provided through the Residential Condominium Building Association Policy (RCBAP). For HOAs or townhome communities where units are individually deeded, other flood coverage may be more appropriate. SFI Group helps determine and secure the correct flood protection for your community’s structure and ownership type.
4. General Liability - Covers the association against claims for bodily injury or property damage that occur on common property. This policy does not extend to incidents inside individual units—each unit owner must maintain personal liability coverage through their own homeowner’s policy.
5. Directors & Officers (D&O) Liability - Protects your board members from claims related to decisions made in the course of managing the association. SFI Group recommends a stand-alone D&O policy instead of adding limited coverage by endorsement to a General Liability policy, as a dedicated D&O policy provides broader and more reliable protection—often with full prior acts coverage to prevent gaps.
6. Umbrella Liability - Adds an extra layer of protection above the association’s primary liability policies, including General Liability, D&O, Workers’ Compensation, and Auto coverage. Umbrella policies offer affordable peace of mind against large or unexpected claims.
7. Fidelity/Crime Coverage - Also known as fidelity bonds or employee dishonesty coverage, this policy protects the association’s funds from theft or fraud. Many condo and HOA documents—and mortgage lenders such as Fannie Mae and Freddie Mac—require this coverage. SFI Group ensures that your policy aligns with both association requirements and lender standards.

How We Can Help

At SFI Group, our knowledgeable team helps boards navigate their insurance obligations with clarity and confidence. Whether you're managing a condominium association or a homeowner’s association, our team is here to help. Working with a team who knows the ins and outs of this type of coverage can make all the difference when the unexpected happens. Contact SFI Group today in Sneads Ferry or Surf City, NC, or request a consultation online to get started.

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