Get The Proper Coverage For Your Business Needs

Insurance for Home Owner’s Associations

A Homeowners Association, or HOA, requires a liability insurance policy to shield itself from potential legal and financial liabilities that may arise within the community it manages. Liability insurance is crucial for covering bodily injuries or property damage that might occur within common areas, amenities, or during association-sponsored events. In the event of a lawsuit, the policy helps cover legal defense costs, settlements, or judgments, preventing these expenses from burdening the HOA’s funds or impacting homeowners through increased fees. Additionally, liability insurance enhances the association’s overall risk management strategy, promoting financial stability and protecting the interests of both the HOA and its residents. It’s a type of business insurance in Temecula that every HOA needs to pursue.

Insurance for a Home Owner's Association

Here are just a few ways you can personalize a Farmers policy to help manage typical risks:

Property Damage

Risk: Neighborhood teenagers launch a bottle rocket that lands on your community clubhouse’s roof, setting it ablaze.

Coverage: Business property insurance can help pay for damages to association buildings and common property caused by fires and other unforeseen disasters.

Unit Owners Coverage

Risk: The fire department extinguishes a blaze before major damage is done, but floods the patios of several units in the process and damages exterior fixtures.

Coverage: Condominium property coverage can help when exterior fixtures are damaged.


Risk: A resident’s visiting grandfather is injured when he trips over broken pavement while crossing your complex’s common area.

Coverage: Business liability insurance can help offset the costs of lawsuits and other claims brought against your association due to injuries sustained on your premises.


Risk: The former treasurer of the board mis-appropriates a large lump sum right before selling his condo.

Coverage: Business crime insurance can help cover losses stemming from robbery or a board member’s dishonesty.

For an HOA, a solid liability insurance policy serves as a vital safeguard, allowing the association to fulfill its responsibilities in maintaining a safe and well-managed community. Your organization can obtain insurance protection from an insurance agency in Temecula. As you compare your options, call us here at Craig Davis Family Insurance, and we’ll help you understand what types of liability protection your organization needs.

Give us a call at (951) 699-1776 and we’d be happy to give you a quote.

Neighborhoods We Serve

Temecula, Murrieta, Menifee, Lake Elsinore, & Wildomar. Licensed in the entire state of California.

Years of Experience: Agency established in 1987
Languages Spoken: English and Spanish
States Licensed: CALIFORNIA License #0805349
IDAHO License #866667
ARIZONA License #2544757
TENNESSEE License #49677427