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Master Policies & Required Coverage
Property, deductibles, flood and keeping your community fully insured.
What insurance does a condominium association or HOA need?
Most associations need property coverage for buildings and common areas, general liability, directors and officers liability, crime and fidelity coverage, an umbrella, and workers comp if they have employees. Flood may also be needed.
What does a condominium master policy cover?
The master policy insures the building, common elements and shared amenities, and depending on your declaration and bylaws it may also cover parts of the units themselves. Owners insure whatever the master policy leaves to them.
How much of the association deductible can a Maryland condominium owner be charged?
When a loss starts in a unit, Maryland currently lets the council of unit owners charge that owner up to $10,000 of the master policy deductible. Under a law passed in 2026, the cap rises to $25,000 on October 1, 2027.
What does the 2027 Maryland condominium insurance law mean for boards?
Starting October 1, 2027, condominium owners must carry HO-6 policies with minimum coverage, and the law also calls for proof of owner coverage and an annual notice to owners about their deductible exposure. Review the details with your association’s attorney and us.
Does an HOA need a master property policy?
It depends on your governing documents. Many single-family and townhome HOAs insure only common areas like clubhouses, pools and entrances, while owners insure their own homes. We review your documents to confirm.
Do condominium buildings need flood insurance?
If any part of the community is in a flood zone, or your lender or documents require it, the association can buy building flood coverage through the NFIP Residential Condominium Building Association Policy (RCBAP) or a private insurance company.
What is ordinance or law coverage?
When an older building is damaged, current building codes can require costly upgrades during repairs. Ordinance or law coverage helps pay for those code upgrades, which standard property coverage may not include.
How often should we update our building values?
Construction costs change quickly, so review building values at every renewal and update insurance appraisals periodically. We also review reserve studies to make sure community assets are properly insured.
Board Protection, Certificates & Service
Protecting volunteer boards and supporting property managers.
What is directors and officers (D&O) insurance?
D&O protects volunteer board members and the association from claims about their decisions, such as rule enforcement, assessments, contracts or alleged discrimination, and pays legal defense costs.
What is crime or fidelity coverage?
It covers theft or misuse of association funds by board members, employees or a management company. Lenders and governing documents often require it, with limits tied to reserves and operating funds.
Does our association need workers compensation?
If the association has employees, Maryland generally requires workers comp, even for one part-time employee. Some associations also carry coverage for volunteers or rely on their management company’s policy, which we can review.
Does a condominium association or HOA need an umbrella policy?
Yes, most do. A commercial umbrella adds liability limits above general liability and D&O, protecting the association from serious injury claims at pools, playgrounds, parking lots and walkways.
How fast can you send certificates of insurance?
Usually the same business day. We know property managers, lenders and closings work on deadlines, and we turn around certificates and master policy evidence quickly.
Which insurance companies do you use for associations?
We compare specialty association markets such as CAIS, LIO, McGowan, Philadelphia Insurance, Nationwide, Hanover, GIG, Frederick Mutual and Pathpoint, and use Wright Flood for flood coverage.
Do you insure self-managed associations?
Yes. We work with professionally managed and self-managed condominium associations, HOAs and townhome communities across Maryland, DC and Virginia.
How do we get a quote for our association?
Send us your declaration and bylaws, current policies, five years of loss runs, a building schedule or appraisal and your reserve study if available. Call (301) 386-0900 to talk with our association team.
