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Author Topic: HOA Insurance  (Read 1153 times)

Offline MikeInCali

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  • Posts: 169
HOA Insurance
« on: April 22, 2008, 04:34:51 pm »

Any landlords out there with townhouses where the HOA pays the insurance.  I understand that this covers the structure down to the drywall.  I'm wondering if you guys buy additional insurance on top of this.

Thanks,

Mike

Offline 71tr

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Re: HOA Insurance
« Reply #1 on: April 22, 2008, 05:58:45 pm »
Typical HOA insurance covers only the structure.  If you want to protect your contents (drywall, bult-ins, appliances, kitchen cabinets etc.) from fire, water etc. you should have an individual policy covering these things.  Also, don't forget liability insurance should someone be injured in your unit.

Offline NCREI

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Re: HOA Insurance
« Reply #2 on: April 23, 2008, 07:02:23 am »
Yes.  You need liability insurance in addition to the HOA insurance.  Mine's $129/year.  Optionally, you can cover appliances for 5-6 dollars extra/year.

 




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