White Paper

A Growing Community: How Insurers Can Help HOAs Manage Their Expanding Risk Landscape

Homeowners' associations account for a third of the U.S. housing market and continue to grow. With that growth comes a complex mix of exposures, from pool safety to armed security contracts, that demand thoughtful underwriting and risk management support.
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White Paper Summary

Homeowners’ associations (HOAs) have become one of the most significant segments of the American residential landscape. With approximately 373,000 associations across the country housing an estimated 77 million people, HOAs now represent roughly a third of the U.S. housing market. And they’re not slowing down. The segment is growing at a rate of about 5,000 new associations per year.

That expansion creates both opportunity and complexity for insurers. Associations vary widely in size, structure, and amenities, and the risks they face are evolving alongside changing resident expectations, more elaborate community events, and increasing demand for security services.

“Homeowners’ associations have an incredible footprint in the U.S. housing market, shaping the way millions of people live and interact within their communities. Their continued growth and increasing responsibilities make them a highly specialized segment that requires thoughtful risk management and insurance solutions,” said Nicole Reed, Vice President at Philadelphia Insurance Companies (PHLY).

To learn more about Philadelphia Insurance Companies, please visit their website.

Philadelphia Insurance Companies (PHLY) offers product-specific resources, alliances, and service capabilities to achieve a multi-faceted approach to risk management, including safety program development, site audits, and training (including interactive web-based training). We offer a wide range of products and value-added services at financial terms to be agreed upon to help you achieve your risk management goals.