Condo Association / HOA Insurance Cost Estimator (2025 Edition)
Estimate your HOA or condo association's annual insurance premium, including building coverage, shared property, and liability protection.
The Condo Association / HOA Insurance Cost Estimator helps homeowner associations, condo boards, and property managers estimate the total cost of master insurance coverage, before soliciting quotes from insurers.
Building (Master Policy)
Covers shared walls, roofs, lobbies, and exteriors.
General Liability
Covers injuries or property damage on common grounds.
Directors & Officers (D&O)
Protects board members from management-related lawsuits.
Crime / Fidelity Bond
Protects HOA funds from fraud or theft.
Flood / Earthquake (Optional)
Region-specific coverage extensions.
Note: Individual unit owners usually need HO-6 condo insurance to cover interior fixtures and personal property.
| Property Type | Units | Avg. Annual Premium | Cost Per Unit |
|---|---|---|---|
| Small (Under 10 Units) | 8 | $6,000 | $750 |
| Medium (10–30 Units) | 20 | $16,000 | $800 |
| Large (30–100 Units) | 50 | $40,000 | $800 |
| Luxury / High-Rise | 100+ | $75,000+ | $900+ |
Costs vary heavily by location and amenities, properties with pools or gyms have higher liability exposure.
Building Value & Age
Older or high-value buildings cost more.
Amenities
Pools, gyms, and playgrounds increase liability exposure.
Location
Coastal or flood zones raise property risk.
Claims History
Past claims increase future rates.
Policy Deductibles
Higher deductibles reduce premiums.
Security Measures
Gated access, cameras, alarms = discounts.
- Increase deductible thresholds (from $1k to $5k)
- Implement a safety inspection program
- Require unit-owner insurance (reduces HOA exposure)
- Bundle master + D&O + crime policies with one carrier
- Shop coverage every 2–3 years to maintain competitiveness
Q1: What's the difference between HOA insurance and condo unit insurance?
A: HOA insurance (master policy) covers shared property and liability. Unit insurance (HO-6) covers interiors and personal belongings.
Q2: Is HOA insurance mandatory?
A: Yes, most state condo laws and mortgage lenders require master policies for shared structures.
Q3: Does D&O insurance cover board negligence?
A: Yes, it protects board members from lawsuits alleging mismanagement or wrongful acts.
Q4: How often should an HOA review its policy?
A: At least annually or after major renovations or claims.