A Homeowners Association (HOA) creates and enforces rules for properties within a subdivision or planned community. When insuring a home located within an HOA, specific eligibility criteria and coverage considerations apply.
An HOA can only be listed on an Openly policy as an additional interest. To add an HOA, navigate to the Parties tab within the Portal and select Additional Interest from the party type dropdown.
Property Eligibility
Before binding a policy, verify the exact breakdown of property maintenance responsibilities between the homeowner and the association. If the HOA is responsible for maintaining the home's exterior or the roof, the dwelling is completely ineligible for coverage under Openly. The individual property owner must be legally and financially responsible for the exterior structure to qualify for our program.
HOA-Specific Coverages
Openly provides robust protection against collective community liabilities through our built-in and optional assessment coverages. These are highly valuable for policyholders residing in an HOA:
| Coverage | Status | Details |
|---|---|---|
| Loss Assessment Coverage | Automatically included (non-removable) | Helps protect the policyholder if the HOA issues a special assessment to residents for covered property damage or liability claims occurring within common areas. |
| Earthquake Loss Assessment Coverage | Optional endorsement for earthquake-prone areas. | This optional coverage can be added to protect the homeowner against special assessments levied by the HOA specifically for earthquake-related damages to common property. |
The above is meant as general information. This information does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Descriptions of all coverages and other features on this page are necessarily brief; in order to fully understand the coverages and other features of a specific insurance policy, we encourage you to read the applicable policy. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. References to general claims handling steps, average or typical premiums, amounts of losses, deductibles, costs of coverages/repair, etc., are illustrative and may not apply to your situation.
For further assistance, contact us via our webform or Live Chat.