HOA & Condo Association Insurance
Insurance protection for Minnesota HOA and condo communities
Burch Insurance Group helps condominium associations, HOAs, and property managers review master policies, property values, deductibles, liability, and potential coverage gaps.
Property values change
Building costs and association improvements can leave older insurance limits behind.
Deductibles shift risk
Wind, hail, water, and percentage deductibles can materially affect the association and its owners.
Boards face more than property risk
Liability, board decisions, employee dishonesty, equipment, and contractor relationships should also be reviewed.
Association coverage
Coverage your association may need to review
Buildings and common property
Coverage for association-owned buildings, structures, equipment, and common areas.
Learn more →General liability
Protection for certain claims involving bodily injury or property damage connected to the community.
Learn more →Directors and officers liability
Coverage that may help protect board members and the association from certain claims involving management decisions.
Crime and fidelity coverage
Protection that may respond to certain theft, fraud, or dishonest acts involving association funds.
Equipment breakdown
Coverage for certain mechanical or electrical failures affecting covered community equipment.
Umbrella or excess liability
Additional liability limits that may sit above eligible underlying association policies.
The review process
A clearer way to review association insurance
Tell us about the community
Complete the review form and share the current policy when it is available.
We examine the coverage
BIG reviews property values, deductibles, limits, exclusions, loss information, and association responsibilities.
You receive a clear comparison
We explain available options in straightforward language so the board can make an informed decision.
Questions from association boards
Frequently asked questions
What does an HOA master insurance policy cover?
The master policy generally covers property and liability exposures assigned to the association. The exact coverage depends on the policy, Minnesota law, and the association’s declaration and bylaws.
Does the association policy cover everything inside each unit?
Not necessarily. Unit owners commonly carry an HO-6 policy for personal property, personal liability, portions of the unit not insured by the association, and possible loss-assessment exposure. Owners should compare their coverage with the association’s governing documents and master policy.
What insurance should an HOA board review besides property coverage?
A review may include general liability, directors and officers liability, crime or fidelity coverage, equipment breakdown, workers compensation when applicable, cyber coverage, and umbrella or excess liability.
Why are property values and deductibles important?
Property values affect how much insurance may be available after a covered loss. Deductibles determine how much cost the association may retain before insurance responds. Both should be reviewed against the property, budget, and governing documents.
When should an association begin reviewing its renewal?
Associations should begin early enough to gather updated property information, loss history, governing documents, and current coverage. More complex or difficult properties may require additional time to approach insurance markets.
- Minnesota Department of Commerce, Rights and Responsibilities of Unit Owners and HOA Boards
- Minnesota Statutes §515B.3-113
Coverage depends on policy terms, conditions, exclusions, underwriting, and applicable law. Insurance products and services are available only where Burch Insurance Group and the relevant professionals are appropriately licensed.