Pick the right insurance plan for HOA living

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Q: Do homeowners association (HOA) dues include insurance?

A: It depends. Let’s eliminate the exception first: If you buy a single-family home that is located in a development that has an HOA, the dues almost certainly do not include insurance except on common areas, like the roads, parks, community centers, offices and pools.

However, if you are buying a condominium or townhome, your HOA dues likely do include some of the insurance you’ll need as a homeowner, but not all of it.