If there is a master policy, you will need to check the bylaws to find out what exactly you are responsible for. The master policy will likely cover the frame of the building, common areas, and the physical exterior (outer walls and roof).
If your townhouse HAS a homeowner’s association master policy? Visit our condo insurance page to find out more about!
Just because your community has an HOA or even a master policy this DOES NOT mean that the master policy necessarily covers your townhome. Some Associations put a master policy in place just to take care of common areas/buildings (ex. Gym or pool) so don’t let that fool you into thinking you have coverage.
No HOA Present
On occasion, some townhome complexes do NOT have a homeowner’s association with a master policy. This means that YOU are responsible for covering the exterior structure, interior structure, and all its contents. You will need an HO-3 commonly referred to as the normal home insurance policy!
It is very important to check with the homeowner’s association and to read the bylaws OR something we offer at North Point Insurance Group is to do the research for you! We will find out who wrote the master policy for the HOA and call the insurance company directly to clarify coverage FOR YOU!