Habitational Insurance


Habitational Insurance

Habitational Insurance is an all encompassing term that means insurance for Homeowners Associations and Condominium Unit Owners Associations. This type of policy is usually referred to as "The Master Insurance Policy." When insuring HOA's and UOA's there are many things to consider such as Directors & Officers Liability, Community Property and General Liability. You will also want to consider whether or not the HOA/UOA hosts community events, encourages volunteering or community projects, and how the Master Insurance Policy will cover such events.

Apartment, condominium, and other multiple-residence property owners have specialized needs when it comes to finding comprehensive insurance coverage. Habitational property owners insurance protects your assets as well as offers options such as liability protection for condominium association members and loss of rental income for apartment owners.

Habitational insurance provides liability coverage in case of tenant injury, and covers losses caused by:

  • Fire
  • Wind
  • Storms
  • Theft
  • Malicious damage or vandalism by the dwelling's tenants

Because different types of properties have different types of exposures, ensuring adequate limits and proper coverage is our specialty. When selecting an insurance agency to manage your Master Insurance Policy you will want to consider the agency's experience with providing recommendations for the appropriate coverage limits and managing relationships with the homeowners, property managers, the board of directors and mortgage companies. This level of expertise cannot be found at your average insurance agency and this should be taken into consideration when making your selection. Metheny Insurance Professionals manages the accounts of hundreds of associations and we personally attend board meetings to review coverages with the board of directors and homeowners. This is a very dynamic type of insurance and requires true insurance professionals. Metheny Insurance Professionals can guide you through the complexities of habitational insurance to ensure your properties will have the best coverage for your needs.