Insurance for an HOA-new Townhome development

[Katie Neason]

I just finished phase I of a small Townhome development. I have set up the HOA and CCRs. The HOA covers roof repairs, common drive and fencing. I need to get a property insurance policy for the HOA to cover these items. My insurance broker is trying to sell me a policy that covers everything from the studs out like a condo. It is very expensive and covers items not covered by the HOA. Has anyone insured an HOA before with Townhomes?