The HOA's primary insurance policy covering the building structure and common areas.
The master policy is the HOA's property and liability insurance policy covering the building structure (in condominiums) and common areas. It protects the association against property damage (from fire, storms, etc.) and general liability claims arising from injuries on common-area property. There are two main types of master policies: 'bare walls in' coverage (covers only the building structure up to the unfinished drywall — owners are responsible for their own interior fixtures and improvements) and 'all-in' or 'all-inclusive' coverage (covers the unit to a defined standard including original fixtures, leaving only owner-added improvements to the individual's own policy). Homeowners need to coordinate their HO-6 unit owner's policy with the association's master policy to avoid coverage gaps.
Understanding what the master policy covers versus what your HO-6 covers is critical — a gap between the two can leave you personally responsible for major repair costs after a covered loss.
D&O Insurance
Directors and Officers liability insurance protecting board members from personal liability for governance decisions.
Fidelity Bond
Insurance protecting the HOA against financial loss from employee or officer theft or fraud.
Common Elements
In condominium law, all parts of the project owned collectively by unit owners, excluding individual units.
LotWize handles master policy tracking automatically — along with violations, ARC requests, meeting minutes, and homeowner communications, all in one platform built for self-managed HOAs.
Start 14-Day Free TrialThis page provides general information only — not legal or financial advice. HOA laws vary by state and community. Always consult your governing documents and an HOA attorney for guidance specific to your situation.