What is townhome insurance?

Townhome insurance is designed for townhome owners and may help protect the portions of the structure you are responsible for, your personal belongings, and personal liability. Coverage responsibilities can vary by community and governing documents.

Is townhome insurance the same as condo insurance?

Not always. Townhome ownership may involve responsibility for more of the structure than a condo, depending on the HOA master policy and governing documents. Coverage needs vary by community.

What does a townhome insurance policy typically cover?

Townhome insurance may include dwelling or interior structure coverage, personal property coverage, personal liability coverage, and loss of use coverage after a covered loss. Coverage options vary by policy and carrier.

Does the HOA master policy cover my personal belongings?

Typically no. HOA master policies generally cover common areas and shared structures. Personal belongings are usually covered under an individual townhome policy, subject to policy terms and limits.

What is loss assessment coverage for townhome owners?

Loss assessment coverage may help pay your share of a covered association loss to common areas or shared property, depending on the policy terms and limits.

Townhome & Condo Association Insurance

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Townhome and condominium associations have unique insurance responsibilities. From protecting shared structures to safeguarding board members and association finances, the right insurance program helps support the long-term stability of the community.

At Crosswinds Insurance Agency, we help townhome and condo associations compare insurance options from multiple carriers and structure coverage that aligns with governing documents, property values, and operational risks.

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What Is Townhome & Condo Association Insurance?

Association insurance is designed to protect the HOA or COA itself, not individual unit owners. Coverage responsibilities are typically defined by the association’s bylaws, declarations, and CC&Rs.

An association policy may help protect:

Common buildings and shared structures
Common areas and amenities
Association liability exposures
Board members and officers
Association-owned property and funds

Every association is different — coverage should reflect how the property is owned and maintained.

Coverages Commonly Included for Associations

Coverage varies by carrier and policy, but townhome and condo association insurance often includes:

Master Property Insurance

Coverage for common structures, roofs, exterior walls, shared mechanical systems, and association-owned buildings (based on governing documents).

General Liability Insurance

Helps protect the association from claims involving bodily injury or property damage occurring in common areas.

Directors & Officers (D&O) Liability

Helps protect board members and officers from claims related to governance decisions, enforcement of rules, and fiduciary responsibilities.

Crime / Fidelity Coverage

Coverage for theft or dishonest acts involving association funds, including embezzlement or fraud.

Equipment & Association Property

Coverage for maintenance equipment, signage, and association-owned personal property.

How Governing Documents Affect Coverage

Association bylaws and declarations often determine:

What the association must insure
What individual unit owners are responsible for
How losses are shared

We can review:

Governing documents
Insurance certificates
Prior policies

to help ensure coverage aligns with association responsibilities.

What Impacts the Cost of Association Insurance

Premiums are influenced by factors such as:

Number of units and buildings
Construction type and age
Replacement cost values
Amenities (pools, clubhouses, playgrounds)
Prior loss history
Coverage limits and deductibles

We help associations balance protection and budget responsibly.

Why Work With Crosswinds Insurance Agency?

As an independent agency, we’re not tied to one insurance carrier. That allows us to compare coverage options and explain differences clearly to boards and property managers.

With Crosswinds, associations get:

Multiple carrier options
Assistance reviewing governing documents
Ongoing policy support and renewal reviews
A team experienced with association insurance needs