When it comes to protecting homeowners associations (HOAs), one-size-fits-all insurance often leaves dangerous gaps. After all, running an HOA requires strategic governance, legal responsibilities, and complex financial oversight. For insurance agents, partnering with a brokerage that understands these unique risks is essential to delivering the right protection.
That’s where Kevin Davis Insurance Services stands out. With more than 35 years of experience and over 40,000 community associations insured nationwide, we are the largest writer of specialty insurance for the community association industry — known for providing tailored coverage solutions, expert support, and responsive service.
Why HOAs Need Custom Coverage
HOAs are not typical commercial enterprises. They operate as nonprofit corporations with elected volunteer boards, managing shared property, enforcing governing documents, and overseeing substantial budgets. These responsibilities bring exposures that standard business insurance often fails to address.
Below are HOAs’ common risk exposures.
- Legal disputes between homeowners and the board
- Allegations of breach of fiduciary duty
- Property damage to shared spaces
- Ransomware attacks or data breaches
- Losses due to internal theft or forgery
This need for protection is especially urgent, as more than 17,900 HOAs are projected to be active in the U.S. by 2025. Without custom coverage, HOAs risk being underinsured or left vulnerable to high-cost claims. Customized policies cover the full scope of risks.
Kevin Davis Insurance’s Tailored Approach
Kevin Davis Insurance Services has developed a signature line of products designed specifically for community associations and property management companies. Every policy is structured to match the individual characteristics and risks of each HOA, from small townhome communities to large high-rise condos.
Key coverage areas include the following.
- Directors and officers (D&O) insurance: Protects board members from claims alleging wrongful acts like fiduciary breaches or failure to follow bylaws. This coverage typically excludes intentional misconduct or fraud.
- Crime insurance: Covers financial losses from employee theft, forgery, or embezzlement and may also include third-party fraud, depending on the policy.
- General liability: Protects against bodily injury or property damage claims in common property like sidewalks, clubhouses, or recreational spaces.
- Excess liability: Offers extended coverage beyond the limits of D&O, general liability, or other primary policies, helping protect against catastrophic losses.
- Cyber risk: Addresses exposures from ransomware, business email compromise, and breaches involving sensitive resident data.
Because no two communities are alike, each policy is tailored to reflect factors such as location, property type, amenities, governance structure, and emerging risks.
Supporting Agents With Expert Guidance
HOA insurance requirements vary by state, community type, and governing documents. Navigating these complexities demands a partner who understands the nuances of community association risk.
Agents working with Kevin Davis Insurance Services benefit from access to the following:
- Expert underwriting support built on decades of industry knowledge
- Flexible, tailored policy structures that match real-world HOA exposures
- Competitive premiums supported by A-rated carriers
- Exceptional responsiveness from quote to renewal
- Marketing tools and risk management insights to help agents build stronger client relationships
Whether you’re securing coverage for a newly formed HOA or reassessing risk for a complex multi-phase development, Kevin Davis Insurance Services gives agents the tools and confidence to deliver the right solution.
Strengthening HOA Protection With Custom Policies
In a climate of increased legal scrutiny and evolving threats, custom insurance solutions are a necessity. HOA boards rely on policies that align with their unique governance and operational risks.
With a national footprint and a longstanding commitment to community association risk, Kevin Davis Insurance Services continues to equip agents with the expertise and resources needed to protect clients with confidence.
Contact us today to learn how Kevin Davis Insurance Services can help you deliver tailored insurance programs for your HOA clients.
About Kevin Davis Insurance Services
For over 35 years, Kevin Davis Insurance Services has built an impressive reputation as a strong wholesale broker offering insurance products for the community association industry. Our president Kevin Davis and his team take pride in offering committed services to the community association market and providing them with unparalleled access to high-quality coverage, competitive premiums, superior markets, and detailed customer service. To learn more about the coverage we offer, contact us toll-free at (855)-790-7393 to speak with one of our representatives.