Condominium and Homeowners Association (HOA) Insurance

It takes a community to protect your property and association against risk, we can help.

Why you need Condominium and Homeowners Association Insurance

Whether you’re a member of a condominium (condo) association or homeowners association (HOA), we can help cover your residential community.

With State Farm®:
  • Condo Association Insurance - Protects against damage to the condo building as well as common areas, like the clubhouse, pool, rental office, etc.
  • Homeowners Association Insurance - Protects against damage to common areas, like fencing or the shared gym.
In addition, we can protect against lawsuits related to ownership and management of your condo association and HOA property.

What Condo and HOA Insurance covers

We’ll start with a package of coverages fit for most condo and homeowners associations. Then we’ll help you customize your policy to fit your unique needs.
  • Building Coverage – Covers the building and things attached to it, such as fixtures, flooring and cabinets as well as any common buildings, like a clubhouse or garage.
  • Backup of Sewer and Drain– Covers building and business personal property damaged as a result of back up of sewers or drains.
  • Employee Dishonesty – Provides coverage for certain losses caused by a dishonest employee.

If an association contracts someone to manage the property for them, i.e., a property management firm, the association should consider obtaining a Fidelity Bond.

  • Inflation Coverage – Automatically increases the amount of insurance on your buildings and association's personal property to help keep pace with inflation.
  • Replacement Cost Claim Settlement – Provides claim payments that are based on the cost of replacing your damaged property, subject to policy conditions or provisions.
  • Ordinance and Law – Covers the increased cost to upgrade the building due to enforcement of municipal laws and ordinances.

Consider adding additional coverages

Some condominium and homeowners associations need additional coverages to deal with increased risk. Not a problem because your State Farm agent will work with you to understand and help meet your needs.

Commercial auto

Commercial auto covers the cars, trucks, vans, and other vehicles used for business. If you have multiple vehicles, talk to a local agent about available options.

Condo and Homeowners Association Directors and Officers Liability with Employment Practices Liability Insurance (EPLI)

Directors and Officers Liability Insurance with EPLI protect against lawsuits related to:

•  An act, error or omission, misstatement or misleading
    statement, neglect or breach of duty by the organization or
    by the individual insureds

•  Discrimination against someone who is not an employee or
    applicant for employment

•  Wrongful employment practices, including discrimination,
    harassment, employment termination and retaliation

Rated “the best overall” insurance company for small business

We’re not ones to brag (okay maybe a little), but Investopedia
recognized State Farm insurance as the top choice for small businesses 1 like yours. Here’s why:

Agent know-how

Our agents are business owners too. They understand the unique needs of small business owners.


Customizable insurance

We offer an array of coverage options that can be combined into one policy for you.


Exceptional service

Since 1935, we’ve been here to help small business.

Talk to a local State Farm agent

This is only a general description of coverages of the available types of business insurance and is not a statement of contract. Details of coverage, limits, or services may not be available for all business and vary in some states. All coverages are subject to the terms, provisions, exclusions, and conditions in the policy itself and in any endorsements. Contact a State Farm agent for more information and a customized quote.

State Farm (including State Farm Mutual Automobile Insurance Company and its subsidiaries and affiliates) is not responsible for, and does not endorse or approve, either implicitly or explicitly, the content of any third party sites hyperlinked from this page. State Farm has no discretion to alter, update, or control the content on the hyperlinked, third party site. Access to third party sites is at the user's own risk, is being provided for informational purposes only and is not a solicitation to buy or sell any of the products which may be referenced on such third party sites.

Life Insurance and annuities are issued by State Farm Life Insurance Company. (Not Licensed in MA, NY, and WI) State Farm Life and Accident Assurance Company (Licensed in New York and Wisconsin) Home Office, Bloomington, Illinois.

  • State Farm Mutual Automobile Insurance Company
  • State Farm Indemnity Company
  • Bloomington, IL
  • State Farm County Mutual Insurance Company of Texas
  • Richardson, TX
  • State Farm Fire and Casualty Company
  • State Farm General Insurance Company
  • Bloomington, IL
  • State Farm Fire and Casualty Company
  • Winter Haven, FL
  • State Farm Lloyds
  • Richardson, TX
  • State Farm Life Insurance Company (Not licensed in MA, NY or WI)
  • State Farm Life and Accident Assurance Company (Licensed in NY and WI)
  • Bloomington, IL