HOA and condo association insurance in Florida: agencies and what to know

Associations don't usually buy insurance straight from a carrier. They buy through a licensed agency that shops the policy with several insurers. Below are six Florida agencies that say on their own websites that they place association coverage, listed A–Z, plus a plain-English look at what Florida law requires.

General information, not insurance or legal advice. Statute summaries were checked against the 2026 Florida Statutes on October 17, 2026. Your declaration and bylaws may require more than the law does. Ask your agent and your association's attorney.

The agencies at a glance

What Florida law requires

Condominium associations (Chapter 718)

• Adequate property insurance. Every condo association must carry adequate property insurance, whatever its declaration says. The coverage amount may be based on replacement cost set by an independent insurance appraisal (or an update of one), and replacement cost must be determined at least once every three years (s. 718.111(11)(a)).
• Fidelity coverage. The association must insure or bond everyone who controls or disburses association money, including check signers and the president, secretary and treasurer. The coverage must equal the most money the association or its management company holds at any one time, and the association pays the cost (s. 718.111(11)(h)).

Homeowners' associations (Chapter 720)

• Fidelity coverage. HOAs have a similar requirement: insurance or a fidelity bond covering the maximum funds in the custody of the association or its manager. Unlike condos, an HOA can waive it each year by a majority vote of the voting interests present at a properly called meeting (s. 720.3033(5)).
• Everything else comes from your documents. Chapter 720 doesn't set the same property-insurance rules for HOAs that Chapter 718 sets for condos, so other coverage, such as liability, property for clubhouses and amenities, and D&O, depends on your declaration, your lenders and your board's judgment.

Coverage your board will usually review

• Property: buildings and common elements, with the named-storm (wind) deductible stated in dollars as well as a percentage.
• Flood: which buildings need it, and how it's written.
• General liability and umbrella: injuries on common areas such as pools, clubhouses and docks.
• Directors and officers (D&O): claims against board decisions. Check whether it also covers the manager and committee volunteers.
• Crime/fidelity: sized to your highest combined operating and reserve balances, as described above.
• Others as needed: equipment breakdown, cyber, and workers' compensation if the association has employees.

For the full list of questions to put to an agent, see Questions to ask an insurance agent for your Florida association.

Comparing renewal quotes fairly

• Use the same numbers. Give every agent the same building values (from your latest appraisal), the same loss history, and the same roof and wind-mitigation documents. Otherwise you're comparing different risks, not different prices.
• Line up deductibles. A lower premium with a higher wind deductible can cost owners more after a storm, especially in condos where special assessments follow.
• Ask for the marketing summary. This is a list of the carriers each agent approached and which ones declined. It shows how hard the market was shopped.
• Start early. Ask your agent how far ahead of renewal to begin. Florida association placements can take time.
• Verify the license. Look up any agent or agency on the Florida Department of Financial Services licensee search. Market information is available from the Office of Insurance Regulation.

Florida agencies that place association insurance

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