HOA and Condo Association Risk Management Checklist

This document is a checklist designed for homeowners considering purchasing a property in a homeowners association (HOA) or condo association. It outlines various risk management considerations that homeowners should review before making a purchase. The checklist includes sections on special limits in homeowners or condo policies, loss assessment coverage, medical payments for injuries on the property, and liability protection. It emphasizes the importance of understanding the master policy of the HOA or condo association, including coverage for both the exterior and interior of the home or unit. Additionally, it addresses the need for homeowners to ensure adequate coverage for personal property and to be aware of the implications of any upgrades or alterations made to the unit. The document serves as a guide for homeowners to engage with personal risk specialists to ensure proper insurance coverage and risk management strategies.