As a homeowners association (HOA) in Santa Barbara, protecting your community is a top priority. Every homeowners association should have insurance. However, depending on the CC&Rs and the HOA’s needs, the coverages & rates can vary drastically.
When it comes to HOA insurance, there are a variety of coverage options available. Some of the most common types of coverage include:
Property damage: This coverage can help repair or replace buildings, common areas, and equipment damaged by covered perils such as fire, wind, or vandalism.
Liability: HOA liability insurance can provide protection if someone is injured on your property.
Directors and Officers (D&O) insurance: This coverage can protect HOA board members from personal liability claims resulting from decisions they make on behalf of the association.
Workers’ compensation: If your HOA has employees, workers’ compensation insurance can provide coverage for medical expenses and lost wages if an employee is injured on the job.
Umbrella insurance: Umbrella insurance can provide additional liability coverage above and beyond what is included in your primary policy.
HOA insurance can provide coverage for a variety of risks. With the right policy in place, your HOA can feel confident that it’s protected from unexpected, without overpaying.
At Baxter Insurance in Santa Barbara, we specialize in providing HOA insurance quotes and tailored solutions. Our team of experts work with the top rated insurance carriers. We can help review your needs, meet with the board of directors and find the right coverage to fit your community’s needs (and budget).
We have insured 1000’s of units and countless HOAs since 1989. Don’t let your HOA be caught off guard by unexpected events. Contact Baxter Insurance in Santa Barbara today to learn more about our homeowners association insurance options.
Our office is locally owned and operated, and have been serving the Santa Barbara community since 1989. Our team is comprised of experienced agents and a full, friendly support staff. Call, click or come in to review your options. We are always happy to help!
