Condo Association Insurance in North Carolina

Managing a Condo Association Comes with Big Responsibilities

If you’re part of a condo association board in North Carolina, you’re not just looking after the building—you’re protecting the financial well-being of every unit owner. Condo association insurance, also called a master policy, is essential for covering shared spaces, the building’s structure, and liability risks that impact the entire community.

Whether your property is a coastal condo complex in Wrightsville Beach, a high-rise in Charlotte, or a townhome-style community in Raleigh, having the right master policy is critical.
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What Is Condo Association Insurance?

Condo association insurance is a policy purchased by the homeowners association (HOA) or condo board to protect the shared property and liabilities of the entire community.

The policy is separate from individual unit owner policies (HO6 policies) and ensures that major building repairs and common area damages are covered without draining association reserves
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What Condo Association Insurance Typically Covers

While coverage can vary by carrier and association agreements, most master policies include:

• Building coverage for the structure, roof, exterior walls, hallways, elevators, and shared mechanical systems.
• Common area coverage for lobbies, pools, gyms, and landscaping.
• Liability protection if someone is injured in a shared space.
• Directors & officers (D&O) liability for board members.
• Loss assessment coverage to help cover shared costs after a major claim.

What It Doesn’t Cover

Condo association insurance does not cover:

• The interior of individual units (walls, flooring, fixtures) unless the policy is “all-in” coverage.
• Personal belongings of unit owners.
• Flood or earthquake damage (requires separate policies).

For interior and personal property coverage, each condo owner needs their own HO6 policy.
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Types of Master Policies

1. Bare Walls-In – Covers only the building’s structure and common areas.
2. Single Entity – Includes fixtures and installations inside units but not personal property.
3. All-In – Covers almost everything inside and outside units except personal belongings.

Understanding your master policy type is key to avoiding costly gaps in coverage.
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Why Work with Sizemore Insurance

At Sizemore Insurance, we:

• Review your governing documents and current master policy for gaps.
• Compare multiple top-rated carriers to find the right coverage for your community’s size and budget.
• Provide board and member education so everyone understands their coverage and responsibilities.
• Offer coastal and inland expertise, making sure your community is protected from hurricanes, wind, and other regional risks.

Protect Your Community with Confidence

From small associations to large developments, we help North Carolina condo boards get clear, comprehensive coverage.

Start your condo association insurance quote or call (910) 791-1011 to speak with a Sizemore Insurance advisor today.

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