Condo Association Insurance | Dallas TX

Texas Condo Association Insurance

Protection That Keeps Your Community Covered

Managing a condo association means protecting shared property, maintaining financial stability, and making decisions that affect every owner. The right Condo Association Insurance in Dallas TX safeguards your buildings, board, and residents when the unexpected happens.

At Thumann Insurance Agency, we help Texas condo associations find tailored coverage that fits their property type, amenities, and budget. With access to 80+ top-rated carriers, our advisors compare rates and coverages to help your board make smart, confident decisions - without the stress of shopping alone.

 

 

Why Condo Associations Need Specialized Coverage

Condo associations (COAs or HOAs) face unique risks that typical property insurance doesn’t address.

A master policy protects shared spaces, exteriors, and the association itself from costly claims.

Common risks include:

  • Fire, wind, or hail damage to shared structures

  • Burst pipes or water leaks affecting multiple units

  • Liability for injuries in hallways, pools, or parking lots

  • Elevator or HVAC system breakdowns

  • Theft, vandalism, or employee dishonesty involving association funds

Without the right protection, one event could impact every unit owner - and the financial health of your entire community.

 

 

What a Texas Condo Association Insurance Policy Covers

Every association is different, but most policies include:

Building Property (Master Policy)
Protects shared structures like roofs, hallways, elevators, and foundations against fire, wind, or storm damage.

Water Damage & Sewer Backup
Optional coverage for cleanup and repairs after leaks, backups, or burst pipes.

General Liability
Covers injuries or property damage that occur in shared areas managed by the association.

Equipment Breakdown
Covers mechanical or electrical failures of systems like boilers, elevators, and HVAC units.

Loss of Fees & Extra Expenses
Reimburses the association for lost income from dues if operations are interrupted after a covered event.

Directors & Officers (D&O) Liability
Protects board members from lawsuits alleging mismanagement or poor decisions.

Crime & Fidelity Coverage
Protects against theft, fraud, or employee dishonesty that affects association funds or property.

 

 

Who We Insure

We provide coverage for all types of shared residential properties, including:

  • Condominium Associations (small or large complexes)

  • Townhome and Villa Communities

  • High-Rise and Mid-Rise Developments

  • Master-Planned Neighborhoods

  • Mixed-Use Buildings (residential + retail)

  • Homeowners Associations (HOAs) with shared buildings

Our team will tailor protection to fit your community’s structure, size, and risk profile.

 

What Boards & Clients Say About Us ⭐⭐⭐⭐⭐ 

Real client feedback from our Texas customers. Verified Google reviews  

My agent is always pleasant and makes sure any concerns are addressed quickly. She has ensured I’m getting the best rate available and is always willing to go above and beyond to deliver satisfactory service.
 

Desni Cox went above and beyond to constantly update my insurance to help get me the lowest costs! Highly recommend this company, very quick responses and kind people.
 

I can’t say enough about how wonderful it is to work with Nida. Anytime I have a question or concern, she’s right there with a solution, often before I even realize I need one!
 

Read more Google reviews →
 

Texas Condo Association Risk Examples

Living and managing property in Texas brings its own set of challenges.

Understanding them helps ensure your policy keeps pace with your exposures:

  • Hailstorms: Among the most common causes of roof and exterior damage in North Texas.
     

  • Wind Damage: From Gulf Coast storms to inland tornadoes, wind can impact any region of Texas.
     

  • Water Leaks: Burst pipes and HVAC leaks are top causes of multi-unit property claims.
     

  • Pool Liability: Injuries or accidents in shared recreation areas.
     

  • Equipment Failures: Costly breakdowns of elevators or central HVAC systems.
     

Your Thumann advisor helps you prepare for these local risks and find a carrier familiar with Texas claim patterns.

 

 

Other Coverages to Consider

Your condo association policy can work together with other key business coverages, such as:

Our agents will help you identify where risks overlap and build a protection plan that works as hard as your board does.

 

 

Why Work With Thumann Insurance Agency

✔ ️ Independent & Local: Based in Dallas, we understand Texas risks like hail and floods. 

✔️ More Options: 80+ top-rated insurance companies. Travelers, Chubb, The Hartford, Liberty Mutual, Nationwide & more.

✔️ Same-Day Quotes: Fast turnaround so you can stay focused on your goal.

✔️ Customized Policies: Customized coverage built around you.

✔️ Texas Risk Specialists: Based in Dallas, we understand the risks people face every day.

✔️ Trusted Since 1996: Thousands of Texans rely on the Thumann Agency for peace of mind.

Since 1996, we’ve helped Texas communities protect what matters most - and we’d be honored to help yours too.

 

 

Serving Condo Associations Across Texas

From Dallas - Fort Worth to Austin, Houston, San Antonio, and beyond - Thumann Insurance Agency proudly serves condo and homeowners associations throughout the Lone Star State. Our advisors understand the regional risks, building codes, and carrier options that make a difference for your community.

 

 

Get a Condo Association Insurance Quote in Texas

Whether you manage a small complex or a large high-rise community, we’ll help you find the right coverage at a competitive rate.

Call (972) 991-9100 or Start Your Condo Association Insurance Quote Online

Protect your community. Preserve your property. Partner with Thumann Insurance Agency.

 

 

Frequently Asked Questions About Condo Association Insurance in Texas

1. Does a condo association need flood insurance in Texas?

Yes. If your property is in or near a FEMA-designated flood zone, flood insurance may be required by your lender. Even if it’s not, Texas is prone to flash floods and heavy rain, and standard condo association policies don’t cover flood damage. Adding a separate Flood Insurance Policy helps protect shared areas, foundations, and lower-level units from costly water damage.

 

 

2. What’s the difference between condo association insurance and individual condo insurance?

A condo association’s master policy covers the building’s exterior, roof, and shared spaces. An individual condo owner’s (HO-6) policy covers the inside of each unit - like flooring, cabinets, fixtures, personal property, and personal liability. Both are needed to fully protect the property and residents.

 

 

3. Who pays the deductible on a condo association claim?

It depends on your association’s bylaws and master policy. In many cases, the association pays the deductible from reserves or assessments, but some policies allow costs to be shared among affected unit owners. Your board should review its bylaws and insurance agreement to clarify this before a claim occurs.

 

 

4. How much condo association insurance does our community need?

Your policy should include enough replacement cost coverage to rebuild shared property and structures in full. Factors like building size, amenities (pools, elevators, gyms), and Texas building codes all influence the right amount. Our advisors help boards calculate accurate limits and review policies annually to stay up to date.

 

 

5. Can our condo association bundle coverages?

Yes. Many associations bundle Property, Liability, D&O, Crime/Fidelity, and Equipment Breakdown under one package policy. This simplifies management, ensures consistency, and can reduce premiums across multiple coverages.

 

 

6. Does condo association insurance cover earthquakes or windstorms?

Not always. Texas policies may exclude certain natural disasters unless they’re added by endorsement. Windstorm and hail coverage can be purchased separately in coastal regions, and earthquake coverage is available as an add-on if desired.

 

 

7. What happens if a resident causes damage to another unit?

Typically, the owner’s HO-6 policy covers interior damage they cause to another unit (like water overflow from a broken appliance). The association’s master policy steps in only when shared property or common areas are affected.

 

 

Need help reviewing your association’s coverage?

Our licensed agents will review your policy line-by-line and explain what’s covered, what’s not, and where you can save - all with the care and expertise your board deserves.

Call (972) 991-9100 Or Start Your Condo Association Insurance Quote Online

 

Disclaimer

Coverage descriptions and examples are for informational purposes only and not a guarantee of coverage. Actual terms, conditions, and exclusions of your policy will determine coverage in the event of a loss. For complete details, please refer to your insurance policy or speak directly with one of our licensed agents.

Thumann Insurance Agency, established in 1996, is an independent insurance broker located in Dallas, Texas. We work with multiple carriers to help clients find coverage options that meet their needs and budget.

Last updated 10.30.2025