HOA insurance is a type of commercial property insurance that is paid through the dues you pay your homeowners association (HOA). It covers physical damage to structures and common spaces managed by your HOA as well as certain liability expenses. What Is an HOA? An HOA is a membership organization that operates for the benefit of a community, where residents pay dues in exchange for certain services. Run by a board of directors elected by residents in the community, the HOA ensures that common areas are maintained and enforces covenants that preserve the appearance of the community. Single-family home HOAs Single-family home HOAs aim to maintain an aesthetically pleasing look…