Community Associations Insurance

Community associations, such as homeowners associations (HOAs) and condominium associations, play a vital role in maintaining shared spaces and protecting the interests of their members. Having the right insurance coverage is essential for financially safeguarding your association’s property, finances, and leadership. At Sunstar Insurance Tennessee, our team understands the unique risks faced by community associations and is dedicated to helping you find comprehensive insurance solutions tailored to your needs.

Key Types of Community Association Insurance

Associations should consider the following types of insurance:

Liability Insurance

General liability coverage helps protect your association if someone is injured on common property or if there is property damage for which the association may be held responsible. This coverage is crucial for managing risks related to shared amenities, walkways, and community events.

Property Insurance

Property insurance covers damage to buildings, clubhouses, pools, fences, and other structures owned by the association. It can also include coverage for landscaping, signage, and equipment.

Directors & Officers (D&O) Insurance

Board members and officers make important decisions on behalf of the association. D&O insurance helps protect these individuals from personal liability if they are sued for alleged wrongful acts, errors, or omissions in their official capacity. This coverage is essential for attracting and retaining qualified board members.

Fidelity Insurance

Fidelity insurance protects your association’s funds from theft, fraud, or dishonest acts by board members, employees, or volunteers. This coverage is especially important for associations that manage significant financial assets.

How We Help Associations

At Sunstar Insurance Tennessee, we work closely with HOA and condo association boards and property managers throughout Tennessee. Our team reviews your association’s unique exposures, explains your coverage options, and helps you build a policy that fits your community’s needs and budget. We stay up to date on state requirements and industry best practices, so you can feel confident your association is protected.

Proudly serving Jackson, McKenzie, Humboldt, Martin, Memphis, Columbia, Franklin and Murfreesboro, TN.