A policy which covers a home owner for any loss of property due to accident, intrusion or hazard. An insurance policy that combines personal liability insurance and hazard insurance coverage for a dwelling and its contents. : An organization made up of neighbors concerned with managing the common areas of a subdivision or condominium complex. These associations collect monthly dues and take on issues such as garden, pool, and fence maintenance, noise abatement, snow removal, parking area upkeep, repairs, and dues. The homeowners’ association is also responsible for enforcing any covenants, conditions, and restrictions (CC&Rs) that apply to the property.