--- title: How to Save on Home & Renters Insurance in Your Homeowners Association description: If you own or rent your home within a homeowners association, find out why insurance is essential to protect your property and household goods. image: https://blog.hignellhoa.com/hubfs/Imported_Blog_Media/home%20owners%20insurance%20policy%20ThinkstockPhotos-488941211-1.jpg --- [Skip to content](https://blog.hignellhoa.com/how-to-save-on-home-renters-insurance-in-your-homeowners-association#main-content) [OWNER PORTAL](https://www.hignellhoa.com/owner-portal)|[CALL (530) 419‑6032](tel:5304196032)[![GET A FREE HOA ANALYSIS](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/47820439/5c25c044-6299-494a-9ee9-03dd5dfc13a5.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/47820439/5c25c044-6299-494a-9ee9-03dd5dfc13a5)[![PURCHASE CONSULTING HOURS](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/47820439/3958a588-baae-4ff9-bd9d-021be597a7be.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/47820439/3958a588-baae-4ff9-bd9d-021be597a7be) Close ** Click to close ![How to Save on Home & Renters Insurance in Your Homeowners Association](https://blog.hignellhoa.com/hubfs/Imported_Blog_Media/home%20owners%20insurance%20policy%20ThinkstockPhotos-488941211-1.jpg) [Insurance CoverageInsurance Coverage](https://blog.hignellhoa.com/tag/insurance-coverage), [Member of HOAMember of HOA](https://blog.hignellhoa.com/tag/member-of-hoa), [Resident TipsResident Tips](https://blog.hignellhoa.com/tag/resident-tips) --- # How to Save on Home & Renters Insurance in Your Homeowners Association By  [ HOA Manager Written by HOA Manager ](https://blog.hignellhoa.com/author/hoa-manager)    |    May 11, 2021 12:00:00 AM Share this Blog [![Share on facebook](https://fs.hubspotusercontent00.net/hubfs/4172253/OneTheme/social-icons/facebook-icon.svg) ](http://www.facebook.com/share.php?u=https://blog.hignellhoa.com/how-to-save-on-home-renters-insurance-in-your-homeowners-association&utm_medium=social&utm_source=facebook) [![Share on twitter](https://fs.hubspotusercontent00.net/hubfs/4172253/OneTheme/social-icons/twitter-icon.svg) ](https://twitter.com/intent/tweet?original_referer=https://blog.hignellhoa.com/how-to-save-on-home-renters-insurance-in-your-homeowners-association&utm_medium=social&utm_source=twitter&url=https://blog.hignellhoa.com/how-to-save-on-home-renters-insurance-in-your-homeowners-association&utm_medium=social&utm_source=twitter&source=tweetbutton&text=) [![Share on instagram](https://fs.hubspotusercontent00.net/hubfs/4172253/OneTheme/social-icons/instagram-icon.svg) ](http://www.instagram.com/share.php?u=https://blog.hignellhoa.com/how-to-save-on-home-renters-insurance-in-your-homeowners-association&utm_medium=social&utm_source=instagram) [![Share on linkedin](https://fs.hubspotusercontent00.net/hubfs/4172253/OneTheme/social-icons/linkedin-icon.svg) ](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.hignellhoa.com/how-to-save-on-home-renters-insurance-in-your-homeowners-association&utm_medium=social&utm_source=linkedin) [![Share on whatsapp](https://fs.hubspotusercontent00.net/hubfs/4172253/OneTheme/social-icons/whatsapp-icon.svg) ](https://web.whatsapp.com) ![home owners insurance policy](https://blog.hignellhoa.com/hs-fs/hubfs/Imported_Blog_Media/home%20owners%20insurance%20policy%20ThinkstockPhotos-488941211-1.jpg?width=430&name=home%20owners%20insurance%20policy%20ThinkstockPhotos-488941211-1.jpg "home owners insurance policy")Whether you own or rent your home within a homeowners association, insurance is essential to protect your property and household goods. Comparison shopping for the best rates will certainly save you some money, but you also can save by following these tips. ## Choose a higher deductible Increasing your deductible by just a few hundred dollars can make a big difference in your insurance premium. ## Ask your insurance agent about discounts Dead bolts, smoke and carbon monoxide detectors, security systems, storm shutters and fire-retardant roofing material are just some of the home safety features that can often lower your rate. You also may be able to get a lower premium if you are a long-term customer or if you bundle other coverage, such as auto insurance, with your provider. Some companies also offer senior discounts for customers who are older than 55 years. ## Don't include the value of the land Don’t include the value of the land when you are deciding how much coverage to buy. If you insure your house, but not the land under it, you can avoid paying more than you should. Even after a disaster, the land will still be there. ## Don't assume a landlord carries insurance If you’re a renter, don’t assume your landlord carries insurance on your personal belongings. She or he likely doesn’t. Purchase a separate renters’ policy to be sure your property—like furniture, electronics, clothing and other personal items—is covered. ## Don't wait until you have a loss Don’t wait until you have a loss to find out whether you have the right type and amount of insurance. For example, many policies require you to pay extra for coverage of high-ticket items like computers, cameras, jewelry, art, antiques, musical instruments, and stamp and coin collections. ## Understand types of coverage Not all coverage will fully replace what is insured. An [“actual-cash-value”](https://www.eqgroup.com/acv_explained/) policy will save you money on premiums, but it only pays what your property is worth at the time of loss (your cost minus depreciation for age and wear). “Replacement” coverage gives you the money to rebuild your home and replace its contents. ## Check coverage of natural disasters Finally, a standard homeowners’ policy does not cover [natural disasters](https://blog.hignellhoa.com/what-to-do-after-a-natural-disaster-in-your-homeowners-association) like flood and earthquake damage. The cost of a separate earthquake policy depends on the likelihood of earthquakes in your area. ## Find out what's covered by the HOA Most important, have your insurance provider contact your homeowners association insurance provider to make sure that you are not purchasing a policy that is already [covered by your HOA](https://blog.hignellhoa.com/do-you-know-the-limits-of-your-homeowners-associations-insurance). Insurance agents will usually request a copy of your governing documents which will allow them to understand owner responsibility vs. Association responsibility. They are happy to help steer you in the right direction for coverage. Share this Blog [![Share on facebook](https://fs.hubspotusercontent00.net/hubfs/4172253/OneTheme/social-icons/facebook-icon.svg) ](http://www.facebook.com/share.php?u=https://blog.hignellhoa.com/how-to-save-on-home-renters-insurance-in-your-homeowners-association&utm_medium=social&utm_source=facebook) [![Share on twitter](https://fs.hubspotusercontent00.net/hubfs/4172253/OneTheme/social-icons/twitter-icon.svg) ](https://twitter.com/intent/tweet?original_referer=https://blog.hignellhoa.com/how-to-save-on-home-renters-insurance-in-your-homeowners-association&utm_medium=social&utm_source=twitter&url=https://blog.hignellhoa.com/how-to-save-on-home-renters-insurance-in-your-homeowners-association&utm_medium=social&utm_source=twitter&source=tweetbutton&text=) [![Share on instagram](https://fs.hubspotusercontent00.net/hubfs/4172253/OneTheme/social-icons/instagram-icon.svg) ](http://www.instagram.com/share.php?u=https://blog.hignellhoa.com/how-to-save-on-home-renters-insurance-in-your-homeowners-association&utm_medium=social&utm_source=instagram) [![Share on linkedin](https://fs.hubspotusercontent00.net/hubfs/4172253/OneTheme/social-icons/linkedin-icon.svg) ](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.hignellhoa.com/how-to-save-on-home-renters-insurance-in-your-homeowners-association&utm_medium=social&utm_source=linkedin) [![Share on whatsapp](https://fs.hubspotusercontent00.net/hubfs/4172253/OneTheme/social-icons/whatsapp-icon.svg) ](https://web.whatsapp.com) [** Previous Post Previous Post ](https://blog.hignellhoa.com/tips-for-saving-water-in-your-homeowners-association) [** View all posts ](https://blog.hignellhoa.com/) [Next Post ** Next Post ](https://blog.hignellhoa.com/can-you-install-solar-panels-on-condominium-common-areas) ## Recent Posts [![Can an HOA Board Make Important Decisions without Homeowners?-featured-image](https://blog.hignellhoa.com/hubfs/Imported_Blog_Media/HOA%20Board%20Meeting%20-640178088-1.jpg) ](https://blog.hignellhoa.com/can-an-hoa-board-make-important-decisions-without-homeowners) ### [Can an HOA Board Make Important Decisions without Homeowners? Click to view Can an HOA Board Make Important Decisions without Homeowners?](https://blog.hignellhoa.com/can-an-hoa-board-make-important-decisions-without-homeowners) Can an HOA board make decisions without homeowner approval? In many cases, yes. HOA board members are elected... [Learn More ** Click to view blog post ](https://blog.hignellhoa.com/can-an-hoa-board-make-important-decisions-without-homeowners) [![HOA Management vs. HOA Consulting: Which Does Your California Board Need?-featured-image](https://blog.hignellhoa.com/hubfs/Blog%20Images/HOA%20Management%20vs.%20HOA%20Consulting%20Which%20Does%20Your%20Board%20Need.webp) ](https://blog.hignellhoa.com/hoa-management-vs-hoa-consulting) ### [HOA Management vs. HOA Consulting: Which Does Your California Board Need? Click to view HOA Management vs. HOA Consulting: Which Does Your California Board Need?](https://blog.hignellhoa.com/hoa-management-vs-hoa-consulting) Some HOA boards need consistent support managing day-to-day responsibilities, while others need expert... [Learn More ** Click to view blog post ](https://blog.hignellhoa.com/hoa-management-vs-hoa-consulting) [![HOA Rule Enforcement: Best Practices to Stay Fair, Legal, and Effective-featured-image](https://blog.hignellhoa.com/hubfs/Blog%20Images/HOA%20Rule%20Enforcement%20Best%20Practices%20to%20Stay%20Fair%20Legal%20and%20Effective.jpg) ](https://blog.hignellhoa.com/hoa-rule-enforcement-best-practices) ### [HOA Rule Enforcement: Best Practices to Stay Fair, Legal, and Effective Click to view HOA Rule Enforcement: Best Practices to Stay Fair, Legal, and Effective](https://blog.hignellhoa.com/hoa-rule-enforcement-best-practices) HOA rule enforcement plays a key role in maintaining a well-managed, high-functioning community. When rules... [Learn More ** Click to view blog post ](https://blog.hignellhoa.com/hoa-rule-enforcement-best-practices) [![The Role of an HOA Manager: What Boards Should Expect Before, During, and After the Working Relationship Begins-featured-image](https://blog.hignellhoa.com/hubfs/The%20Role%20of%20an%20HOA%20Manager_What%20Boards%20Should%20Expect%20Before%2c%20During%2c%20and%20After%20the%20Working%20Relationship%20Begins.jpg) ](https://blog.hignellhoa.com/the-role-of-an-hoa-manager-what-boards-should-expect) ### [The Role of an HOA Manager: What Boards Should Expect Before, During, and After the Working Relationship Begins Click to view The Role of an HOA Manager: What Boards Should Expect Before, During, and After the Working Relationship Begins](https://blog.hignellhoa.com/the-role-of-an-hoa-manager-what-boards-should-expect) Many HOA board members know when their community needs additional support, but it isn’t always clear what... [Learn More ** Click to view blog post ](https://blog.hignellhoa.com/the-role-of-an-hoa-manager-what-boards-should-expect) [![Budgeting for Major HOA Projects: How Boards Can Plan Without Special Assessments-featured-image](https://blog.hignellhoa.com/hubfs/Blog%20Images/Budgeting%20for%20Major%20HOA%20Projects%20How%20Boards%20Can%20Plan%20Without%20Special%20Assessments.webp) ](https://blog.hignellhoa.com/hoa-budgeting-planning-major-projects-without-special-assessments) ### [Budgeting for Major HOA Projects: How Boards Can Plan Without Special Assessments Click to view Budgeting for Major HOA Projects: How Boards Can Plan Without Special Assessments](https://blog.hignellhoa.com/hoa-budgeting-planning-major-projects-without-special-assessments) Effective HOA budgeting plays a critical role in helping communities prepare for large repair and improvement... [Learn More ** Click to view blog post ](https://blog.hignellhoa.com/hoa-budgeting-planning-major-projects-without-special-assessments) [![HOA Insurance Explained: What Every Board Member Needs to Know in 2026-featured-image](https://blog.hignellhoa.com/hubfs/Blog%20Images/HOA%20Insurance%20Explained%20What%20Every%20Board%20Member%20Needs%20to%20Know%20in%202026.webp) ](https://blog.hignellhoa.com/hoa-insurance-explained-what-every-board-member-needs-to-know-in-2026) ### [HOA Insurance Explained: What Every Board Member Needs to Know in 2026 Click to view HOA Insurance Explained: What Every Board Member Needs to Know in 2026](https://blog.hignellhoa.com/hoa-insurance-explained-what-every-board-member-needs-to-know-in-2026) HOA insurance is one of the most important responsibilities an association board oversees. It protects the... [Learn More ** Click to view blog post ](https://blog.hignellhoa.com/hoa-insurance-explained-what-every-board-member-needs-to-know-in-2026) [![Understanding California HOA Laws in 2026: Key Updates for Boards-featured-image](https://blog.hignellhoa.com/hubfs/Blog%20Images/Understanding%20California%20HOA%20Laws%20in%202026%20Key%20Updates%20for%20Boards.webp) ](https://blog.hignellhoa.com/understanding-california-hoa-laws-in-2026-key-updates-for-boards) ### [Understanding California HOA Laws in 2026: Key Updates for Boards Click to view Understanding California HOA Laws in 2026: Key Updates for Boards](https://blog.hignellhoa.com/understanding-california-hoa-laws-in-2026-key-updates-for-boards) California HOA laws continue to evolve year after year, and 2026 is no exception. New legislation, regulatory... [Learn More ** Click to view blog post ](https://blog.hignellhoa.com/understanding-california-hoa-laws-in-2026-key-updates-for-boards) [![How to Run Effective HOA Board Meetings (and Avoid Common Pitfalls)-featured-image](https://blog.hignellhoa.com/hubfs/Blog%20Images/senior-beautiful-woman-sitting-at-a-table-outside-2026-01-09-07-46-51-utc%20(2).jpg) ](https://blog.hignellhoa.com/how-to-run-hoa-meetings) ### [How to Run Effective HOA Board Meetings (and Avoid Common Pitfalls) Click to view How to Run Effective HOA Board Meetings (and Avoid Common Pitfalls)](https://blog.hignellhoa.com/how-to-run-hoa-meetings) HOA board meetings are essential to the health of a community, but they can easily become stressful,... [Learn More ** Click to view blog post ](https://blog.hignellhoa.com/how-to-run-hoa-meetings) [![Self-Managed HOA vs. Professional Management: A Cost-Benefit Guide-featured-image](https://blog.hignellhoa.com/hubfs/Blog%20Images/Self-Managed%20vs%20Professional%20HOA%20Management%20A%20Cost-Benefit%20Guide%20for%20Boards.jpg) ](https://blog.hignellhoa.com/self-managed-hoa-vs-professional-management) ### [Self-Managed HOA vs. Professional Management: A Cost-Benefit Guide Click to view Self-Managed HOA vs. Professional Management: A Cost-Benefit Guide](https://blog.hignellhoa.com/self-managed-hoa-vs-professional-management) Many HOA boards start out self-managed because it seems like the most cost-effective approach. Without... [Learn More ** Click to view blog post ](https://blog.hignellhoa.com/self-managed-hoa-vs-professional-management) [![The Essential HOA Board Responsibilities That Guide Every Community-featured-image](https://blog.hignellhoa.com/hubfs/An%20HOA%20board%20meeting%20at%20an%20outdoor%20table%20with%20laptops.jpg) ](https://blog.hignellhoa.com/10-fundamental-principles-of-a-homeowners-association) ### [The Essential HOA Board Responsibilities That Guide Every Community Click to view The Essential HOA Board Responsibilities That Guide Every Community](https://blog.hignellhoa.com/10-fundamental-principles-of-a-homeowners-association) Homeowners associations play a big role in keeping neighborhoods well-maintained, financially healthy, and... [Learn More ** Click to view blog post ](https://blog.hignellhoa.com/10-fundamental-principles-of-a-homeowners-association) ** Please ensure Javascript is enabled for purposes of [website accessibility](https://userway.org) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "HOA Manager", "url" : "https://blog.hignellhoa.com/author/hoa-manager" }, "dateModified" : "2024-12-16T23:48:13.995Z", "datePublished" : "2021-05-11T04:00:00.000Z", "headline" : "How to Save on Home & Renters Insurance in Your Homeowners Association", "image" : [ "https://blog.hignellhoa.com/hubfs/Imported_Blog_Media/home%20owners%20insurance%20policy%20ThinkstockPhotos-488941211-1.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.hignellhoa.com/how-to-save-on-home-renters-insurance-in-your-homeowners-association", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.hignellhoa.com/hubfs/Hignell-Property-Management/Hignell-logo-2023.svg" } } } ```