Question Details

Tamatha Wood, Home Buyer in 28546

what are HOA fees and what do they cover usually?

Asked by Tamatha Wood, 28546 Mon Jan 21, 2008

is homeowners insurance seperate from HOAfees

Help the community by answering this question:


Hi Tamatha,

Homeowner's Association (HOA) fees are charged for a variety of reasons, most commonly including: road and common area maintenance, upkeep of any bbq/picnic areas and parks, community signs, and a myriad of other features depending on what amenities your community offers.

As far as a monetary amount for HOA fees it can range widely, I've seen as low as $7/month all the way up to $120/month, it just depends.

Homeowner's insurance is completely separate from HOA fees and, just like your car insurance, has many options in terms of coverages and premiums.
0 votes Thank Flag Link Mon Jan 21, 2008
Home Owner Associations cover different things depending on the development. In my neighborhood they only take care of a canal that we live on. In other areas the take care of security gates, swimming pools and such.

I think they would only cover part of the insurance in the case of a common building, like in the case of a condominum development. In those that I am aware of those condominium HOA's cover only insurance for the structure and you are still responsible for contents and liability on your own (kind of like renter's insurance).
0 votes Thank Flag Link Mon Jan 21, 2008
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