Indiana HOA and condo insurance, where the condominium statute sets a full-replacement-value bar and the HOA statute sets none. The condo master casualty standard and the planned-community docs both need reading against the lender bar

The Indianapolis metro drives the largest share of the Indiana community-association market, with a mix of mid-rise and low-rise condominiums, townhome and planned-community associations, and a stock of older buildings in the core that raises ordinance-or-law and equipment-breakdown exposure. Fort Wayne, Evansville, and South Bend add their own condominium and planned-community books.

Planned communities and single-family HOAs center on common-area property, amenity liability, and D&O for volunteer boards rather than building coverage on the homes themselves. Condominium associations carry the classic valuation-basis and warrantability exposure on the buildings.

Indiana is a comparatively moderate catastrophe environment relative to the coastal and severe-hail states, so the property conversation centers more on accurate full-replacement-value valuation, older-building systems, and amenity liability than on percentage storm deductibles. The recurring weather exposures are severe convective storm, straight-line wind, hail, and winter freeze and water losses, and the far southwestern counties sit near the New Madrid seismic zone, which makes earthquake a coverage question worth raising rather than assuming away.

Placement runs through the dedicated community-association markets, sized to the building type and amenity profile. The recurring condominium gap is a master policy that satisfies the full-replacement-value statute on paper but rests on a stale valuation, and the recurring planned-community gap is a program written only to the declaration minimum without a check against the lender replacement-cost bar, since no statute sets a floor to fall back on.