Homeowner’s Association Insurance

Protect your members, your assets and your community with the best Home and Condo Association Insurance

Wilmington HOA Insurance NC

If you are looking for the best HOA and COA Insurance in Wilmington, NC and the surrounding North and South Carolina Coasts, you’ve come to the right place.

Whether your Homeowners Association (HOA) is part of a new master-planned coastal North Carolina or South Carolina development, or your association is established in another existing home community that has been around for decades, there’s a lot involved with keeping things running smoothly. Road maintenance, swimming pools, community centers, parks and playgrounds have a wide range of exposures. Your organization needs coverage to ensure that should accidents happen, your HOA’s physical and liquid property assets as well as the individual members of your association are protected from any resulting damages.
An HOA shoulders not only the wellbeing of a community but also many of its inherent risks. With few regulations and no general insurance programs able to fit all HOAs, it is important to understand the details of your association’s coverage and design it to meet your individual needs. Foresight, HOA expertise, and guidance on your policy from Wells Insurance can help fill the cracks in your insurance so that you are not making costly payments when the unexpected happens.

HOA Insurance Basics

HOAs are required to possess general property and liability insurance; however, these policies can’t cover the HOA from every angle. If you stop to think about your association’s policy, you might come up with a few questions:

  • How much coverage does general insurance actually supply?
  • Is there coverage out there for my association’s automobiles?
  • What about our employees and directors?

Property, money flow, workers, executives—a robust HOA requires much of the same insurance as a regular business. Everything from vehicle operation to officer conduct can be a source of liability. Holes in coverage should be searched out and plugged quickly, and your Wells Insurance expert can help!

What Was Missed?

Think about every official action and function your HOA takes and fulfills; nearly all of these interactions can be a source of liability for the community. Here are some policies that often are overlooked:

  • Comprehensive Equipment Coverage

    Designed to provide coverage for damages or loss caused by sudden mechanical breakdown (e.g. a water heater leaking and causing water damage.) Typically used to expand property insurance, it can be purchased for either groups of machines or specific units.


  • Workers’ Compensation

    Even if the association doesn’t think it has any true employees, workers’ comp should still be reviewed; any worker may try to claim an HOA as an employer.


  • Employee Dishonesty

    Protects the community from several kinds of theft, fraud and embezzlement carried out by HOA employees or officers.


  • Discrimination Coverage

    In the event of a foreclosure, this coverage helps protect HOAs from evicted parties claiming they are being discriminated against because of class.


  • Comprehensive General Liability

    HOAs may be protected in community-owned areas by their required liability plan, but a comprehensive policy can grant liability coverage to any location where an association function or meeting is being held


  • Director’s and Officer’s Liability

    Covers an HOA if it is sued for misappropriated funds or officer negligence.

Even the best HOA policy can’t protect against everything. Community members should know what the HOA protects so they can make sure their own property is properly insured against all types of loss.

Completing Your Coverage

The variety and depth of HOA coverage is huge and difficult to navigate. An agent who understands your community is crucial to getting excellent coverage. At Wells Insurance, our experts have access to Home Owner’s Association and Condo Owner’s Association coverage products that are hard to find, and highly in demand, such as wind-driven rain. Call Wells Insurance and discuss any changes to your community or concerns you may have about your HOA’s coverage. Working together, we can discover the exact insurance your association needs to protect the assets of your living community and provide what we feel is the best HOA and COA Insurance in Wilmington, NC and the surrounding North and South Carolina Coasts.
Give us a call at 800.849.1921 or contact us through our quick form in the link below.

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We’re passionate about providing you with the highest level of coverage for your HOA or COA!