Best HOA Insurance Companies 2026: Master Policy Carriers

HOA insurance protects shared property, shields board members from personal liability, and safeguards the association’s finances against catastrophic loss. Choosing the right carrier matters, but the “best” company depends on your community-not on a generic ranking.

What HOA insurance covers

Before comparing carriers, understand what you’re buying. A typical HOA insurance package includes several policies bundled together. For a deeper dive into coverage types, see our guide on what HOA insurance covers. The master policy is only half the picture: see how the master policy and your HO-6 work together to know what you still need to insure yourself. HOA insurance (the association’s master policy) is also a different product from your own homeowners or condo policy: see HOA insurance vs. homeowners insurance for exactly where the coverage splits.

• Master property policy: covers common areas, building exteriors, and shared structures against fire, wind, theft, and other covered perils.
• General liability: protects the association if someone is injured in a common area or the association causes property damage.
• Directors & officers (D&O): covers board members for claims arising from decisions made in their role.
• Fidelity bond / crime coverage: protects against theft or misappropriation of association funds by board members, employees, or management companies.
• Umbrella liability: extends liability limits above the underlying policies.

Coverage limits vary by carrier and community size. See what does HOA insurance cover for typical general liability and D&O limit ranges before you compare quotes.

Depending on your community, you may also need flood insurance, earthquake coverage, equipment breakdown, or workers compensation: see the flood and earthquake coverage exclusions common to nearly every master policy before you assume you’re covered.

Top HOA insurance companies

The carriers below are well-established insurers that write HOA master policies. Each has different strengths.

State Farm

State Farm is the largest property and casualty insurer in the United States. Its local agent network makes it accessible to smaller and mid-size associations.

• Best for: Small to mid-size communities that want a local agent relationship.
• Strengths: Broad availability, financial stability, bundled packages that include property, liability, and D&O.
• Considerations: May be less competitive for large or complex communities. Coverage options can vary by state.

Farmers Insurance

Farmers Insurance offers HOA master policies through its agent network and has experience with community associations across the western and central United States.

• Best for: Mid-size communities, particularly in western states.
• Strengths: Flexible policy options, strong agent support, experience with association-specific risks.
• Considerations: Availability varies by state. Pricing can be higher in competitive markets.

Nationwide

Nationwide writes commercial lines including HOA master policies. Its financial strength and broad product line make it a solid option for associations of various sizes.

• Best for: Communities that want a financially strong national carrier with broad coverage options.
• Strengths: Strong financial ratings, commercial lines expertise, available in most states.
• Considerations: May require working through a commercial insurance agent rather than a personal-lines agent.

The Hartford

The Hartford has a dedicated small commercial and association insurance practice. It’s a well-known name in business insurance with strong financial ratings.

• Best for: Small to mid-size associations looking for a reputable commercial carrier.
• Strengths: Experience with small business and association accounts, strong claims handling reputation, good D&O coverage options.
• Considerations: Less focused on large or high-rise communities.

Philadelphia Insurance Companies (PHLY)

Philadelphia Insurance Companies is a specialty carrier that writes a significant volume of community association insurance. Among brokers who specialize in HOA coverage, PHLY is one of the most commonly recommended names.

• Best for: Large communities, high-rise condominiums, and associations with complex coverage needs.
• Strengths: Deep expertise in community association insurance, comprehensive package policies, strong D&O and fidelity bond options.
• Considerations: Typically requires an independent agent or broker. May not be cost-effective for very small communities.

Travelers

Travelers is one of the largest commercial property-casualty insurers in the country, and it writes HOA coverage through Kevin Davis Insurance Services, its managing general agent for community-association business. Kevin Davis specializes in association D&O, crime, and cyber coverage and insures more than 40,000 community associations nationwide.

• Best for: Associations that want D&O, crime, and cyber coverage backed by a top-rated national carrier through a specialty program built for HOAs.
• Strengths: A.M. Best rates Travelers’ main subsidiaries A++ (Superior), the highest tier on this list, and its community-association program has decades of specialty underwriting behind it.
• Considerations: Coverage runs through the Kevin Davis program rather than a local Travelers agent, so ask your broker whether it’s appointed to place business there.

Carrier comparison

Carrier	Best for	D&O included	Fidelity bond	Agent model
State Farm	Small–mid communities	Yes (bundled)	Available	Captive agents
Farmers	Mid-size, western states	Yes	Available	Captive agents
Nationwide	Various sizes	Yes	Available	Independent & captive
The Hartford	Small–mid commercial	Yes	Available	Independent agents
PHLY	Large / complex communities	Yes (specialty)	Yes (specialty)	Independent agents
Travelers	HOA D&O, crime, and cyber via specialty program	Yes	Yes (specialty)	Independent agents (Kevin Davis MGA)

Other carriers people ask about

A few more well-known insurance brands come up often when people search for HOA coverage, even though they aren’t primary players in the master-policy market: USAA, GEICO, Progressive, and Erie. (Travelers, also a common search result for this topic, is profiled above rather than in this list, since it runs a dedicated community-association program.)

Most of these carriers primarily write personal lines (an individual owner’s HO-6 condo policy or a standard homeowners policy) rather than the commercial master policy an association itself buys. USAA, GEICO, and Progressive are especially well known for personal auto and homeowners coverage, and an owner can often get a competitive HO-6 quote through one of them. But that is a different product from the HOA’s own master policy, which covers the building, common elements, and the association’s liability.

Erie does write commercial lines in some states, including association business in certain markets, so it’s worth asking a broker whether it’s active for community associations in your area. Erie has a regional footprint and is not available nationwide. A regional or non-admitted carrier isn’t automatically a red flag, but if your broker has to reach for surplus lines carriers and what that means for consumer protections, it’s worth understanding the tradeoff before you bind the policy.

If your association is shopping its master policy and one of these names comes up, the fastest way to find out whether they’re a fit is to ask an independent broker who specializes in community-association insurance. A local specialist will know which carriers on this list, if any, actually write master policies in your state and can add them to a competitive quote alongside the carriers profiled above.

How to evaluate an HOA insurance carrier

Price matters, but it’s not the only factor. Here’s what to compare, and if your current carrier drops the account or won’t renew, see options if no standard carrier will quote you before the policy lapses.

Financial strength

Check the carrier’s A.M. Best rating. An “A” (Excellent) or better rating means the company has the financial resources to pay claims. This matters most when you’re insuring millions of dollars in shared property.

Most financially trusted carriers, by current A.M. Best rating:

Carrier	A.M. Best financial strength rating
Philadelphia Insurance Companies (PHLY)	A++ (Superior)
State Farm	A++ (Superior)
Travelers	A++ (Superior)
The Hartford	A+ (Superior)
Nationwide (property & casualty)	A (Excellent)
Farmers Insurance Group	A (Excellent)

All six carry a rating of “A” (Excellent) or better, meaning A.M. Best considers each financially able to pay claims. PHLY, State Farm, and Travelers currently hold the highest tier, A++ (Superior); the other three sit one notch below at A+ or A. A higher letter grade is one real signal of financial trust, but it isn’t the whole picture. Pair it with the claims-handling and association-expertise checks below, and confirm the current rating directly with A.M. Best before binding, since ratings are reviewed and can change.

Claims handling

Ask other associations or your management company about their claims experience. A carrier that’s slow to pay or aggressive about denials can cost the association more than a slightly cheaper premium would save. A claim can also affect your renewal premium and, in claims-heavy regions, whether the carrier renews you at all; see our condo association insurance guide for what typically drives a post-claim increase.

Coverage breadth

Some carriers offer comprehensive package policies that bundle property, liability, D&O, and fidelity coverage. Others sell each line separately. Bundled packages are usually simpler and may offer better pricing. Confirm the master policy insures buildings at full replacement cost rather than actual cash value; an insurance-to-value gap is one of the most common ways an association discovers it’s underinsured, and usually only after a major loss. See our condo association insurance guide for how to check that number against a current appraisal.

A condo association also has to specify the policy’s structural scope in a way a single-family-home HOA doesn’t. Condo master policies are written as bare walls, single entity, or all-in, and each draws the line between what the association insures and what an owner’s own HO-6 policy has to cover. See what does HOA insurance cover for how those three policy types differ.

Association expertise

A carrier or agent who understands community association law and governance will write better coverage. Generic commercial policies may have gaps that only surface when you file a claim.

State availability

Not every carrier writes HOA policies in every state, and several of the carriers above have pulled back or non-renewed blocks of business in the highest-risk coastal and wildfire zones in recent years: State Farm and Farmers have both publicly restricted new homeowner business in parts of California and Florida, and carriers writing commercial association policies have followed a similar pattern of tightening appetite once catastrophe exposure gets too concentrated in one area. Confirm current appetite with a broker rather than assuming any carrier profiled here is still writing new policies in your specific ZIP code. Where no standard carrier will quote a high-risk community, a state FAIR plan (California) or Citizens Property Insurance (Florida) is the practical fallback, though limits and terms there are usually narrower than the private market.

Community size considerations

Your community’s size shapes which carriers and coverage levels make sense: see exact cost ranges by community size for size-specific premium numbers.

Small communities (under 50 units)

Smaller associations often have lower premiums but fewer carrier options. A local State Farm or Farmers agent may offer the most straightforward path. Focus on getting adequate D&O and fidelity coverage: small communities are more vulnerable to a single bad actor.

Mid-size communities (50–200 units)

This is the sweet spot for most national carriers. You’ll have enough premium volume to attract competitive quotes. Consider working with an independent agent who can shop multiple carriers.

Large communities and high-rises (200+ units)

Specialty carriers like PHLY and surplus lines markets become important. Large communities need higher limits, more complex coverage, and often require separate policies for specific risks like flood or earthquake.

D&O insurance: don’t skip it

Directors and officers insurance protects volunteer board members from personal liability for decisions made in their role. Without it, a lawsuit against the board could put individual members’ personal assets at risk.

D&O policies typically cover:

• Defense costs and settlements from governance disputes
• Claims of mismanagement or failure to maintain
• Allegations of discrimination in rule enforcement
• Employment-related claims (if the association has employees)

Most carriers offer D&O as part of a package policy, but coverage limits and exclusions vary: see typical D&O coverage limits and costs to know what’s actually adequate before assuming the bundled limit is enough. Review the policy carefully.

Fidelity bonds: protecting association funds

A fidelity bond protects the association against theft or embezzlement of funds. Many state laws and governing documents require associations to carry fidelity coverage equal to at least the association’s annual assessments plus reserves.

Make sure the bond covers:

• Board members and officers
• Employees (if any)
• Management company employees who handle association funds
• Computer fraud and funds transfer fraud

Fidelity coverage works alongside the financial practices covered in a proper HOA reserve study to protect the association’s long-term financial health.

How to shop for HOA insurance

Shopping well moves the needle more than most boards expect: see ways to lower your premium beyond just comparing quotes, including deductible changes, mitigation credits, and claims-history cleanup.

Work with a specialist

A captive agent, such as a local State Farm or Farmers agent, sells policies from one insurer only. An independent agent represents multiple carriers and can shop your account across all of them. An independent agent who specializes in community association coverage will know which carriers are competitive in your area and can identify coverage gaps that a generalist might miss.

Get multiple quotes

Request quotes from at least three carriers. Make sure each quote covers the same limits and deductibles so you’re comparing fairly.

Review annually

Insurance markets change. A carrier that was competitive last year may not be this year. Review your coverage and get new quotes at every renewal.

Switching carriers

Ready to actually make the move? See how to shop for a new master policy for how to work the transition with a broker so there’s no gap between the old policy ending and the new one taking effect.

Understand your deductibles

Higher deductibles lower premiums but increase out-of-pocket costs when you file a claim. Make sure the association can afford the deductible on its master policy. This is a key reason to maintain adequate reserves.

The relationship between insurance and HOA dues

Insurance premiums are one of the largest line items in an HOA budget. When premiums rise, dues often follow. Our guide on why HOA fees keep going up walks through insurance spikes alongside the other drivers behind a rising bill. Boards that understand what’s pushing insurance costs higher can explain the increase to homeowners.

For more on what your dues pay for, see what HOA fees cover.

To understand how the master policy and your personal coverage work together, read our guide on condo association insurance.

Condo insurance markets carry their own rules and carrier landscape by state. See our dedicated guides to Florida condo insurance for the admitted-versus-surplus-lines distinction, Citizens Property Insurance, and how the state’s 2026 reforms are affecting premiums; California condo insurance for the FAIR Plan and wildfire-driven non-renewals; Texas condo insurance for TWIA windstorm coverage along the Gulf Coast; Arizona condo insurance for the statutory master-policy minimum under ARS 33-1253; Illinois condo insurance for the fidelity-bond and liability minimums under 765 ILCS 605/12; South Carolina condo insurance for the state’s minimal statutory floor and SCWHUA coastal wind pool; New Jersey condo insurance for the NJIUA FAIR Plan and coastal hurricane deductibles; and Nevada condo insurance for the NRS 116.3113 coverage floor and the 2026 wildfire exclusion law.

Key takeaways

The best HOA insurance company is the one that offers the right coverage for your community’s specific risks at a competitive price, backed by strong financial ratings and a good claims-handling track record. Work with an independent agent, compare multiple carriers, and don’t sacrifice essential coverage like D&O and fidelity bonds to save on premiums.