Do I need my own insurance if I pay a homeowners association fee?

I know part of my homeowners association fee goes toward insurance. Does this mean I'm covered, or do I need to buy my own home insurance?

Answer
Great question! Yes, you still need to secure and pay for your own homeowners insurance in addition to paying a homeowners association fee. The homeowners insurance will cover your individual residence and liability, while the association’s fee goes toward the shared space in your community. The fee typically covers lawn maintenance, community areas like clubhouses and pools, and the insurance needed for those areas.
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Shannon Martin
Answered on Mar 08, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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