Condo Associations Insurance

Serving the insurance needs of residential and commercial condominium associations in Massachusetts, Rhode Island, and New Hampshire since 1986.

Condominium associations are responsible for more than just buildings — they’re responsible for shared property, common areas, and the decisions made on behalf of owners and residents. From property damage and liability claims to board-level disputes, condo associations face risks that require specialized insurance coverage.

Condo associations insurance helps protect the association, its leadership, and the property they oversee.

What Is Condo Associations Insurance?

Condo associations insurance is designed to protect condominium associations and homeowners associations (HOAs) that manage shared buildings and common spaces.

While individual unit owners typically carry their own insurance, the association is responsible for insuring the structure, common elements, and certain liability exposures.

This coverage addresses both physical risk and the administrative responsibilities that come with governing a shared property.

Who Needs Condo Associations Insurance?

Condo associations insurance is commonly used by:

• Residential condominium associations
• Commercial condominium associations
• Mixed-use condominium buildings
• Self-managed condo associations
• Associations working with property management companies

Whether the association oversees a small residential building or a large commercial property, proper insurance coverage is essential to protecting shared assets and leadership.

Common Coverages for Condo Associations

Condo associations insurance policies are typically structured around property protection and governance liability. Common coverages may include:

Property Insurance
Helps cover damage to shared structures, common areas, and association-owned property caused by covered events.

General Liability Insurance
Provides protection if residents, visitors, or vendors are injured in common areas or if the association is held responsible for property damage.

Directors and Officers (D&O) Insurance
Helps protect board members and officers from claims related to management decisions, governance issues, or alleged mismanagement.

Crime Insurance
Provides coverage for losses related to theft, fraud, or dishonesty involving association funds.

Umbrella Insurance
Offers additional liability protection beyond the limits of primary policies.

Common Risks Faced by Condo Associations

Condo associations face risks tied to shared ownership and decision-making, including:

• Injuries in common areas such as stairwells or parking facilities
• Disputes over maintenance, repairs, or assessments
• Claims against board members for governance decisions
• Property damage affecting multiple units
• Financial losses related to theft or misuse of association funds

Because decisions are made on behalf of many owners, even small issues can escalate quickly without proper coverage.

How Much Does Condo Associations Insurance Cost?

The cost of condo associations insurance depends on several factors, including:

• Building size and construction type
• Residential vs. commercial use
• Number of units
• Claims history
• Coverage limits and deductibles

D’Agostino Insurance works with associations to help ensure coverage aligns with governing documents, risk exposure, and budget considerations.

Why Work With D’Agostino Insurance?

D’Agostino Insurance has worked with condominium associations throughout Massachusetts, Rhode Island, and New Hampshire since 1986.

We understand the complexity of shared ownership and help associations secure insurance coverage that supports both property protection and effective governance.

When you work with us, you receive:

• Coverage aligned with association bylaws and responsibilities
• Access to multiple insurance carriers
• Guidance for boards and property managers
• Ongoing support as buildings age or association needs change

Our focus is on helping associations protect their property, leadership, and long-term stability.

Get a Condo Associations Insurance Quote

If your condominium association needs insurance coverage that reflects the responsibilities of shared ownership and governance, request a quote from D’Agostino Insurance.

Our team can help review your current coverage and build a policy that protects your property, board members, and residents.