What is third party third-party liability, you might ask? Third party liability occurs when you become liable for the actions of another party. For example, let’s say a vendor’s worker…
When you live in a home or a condo that is part of an HOA, you pay assessments for amenities and certain services for your community or building. These assessments…
Wouldn’t it be nice if insurance policies could be packed neatly in a box, including all the coverage you need, ready to ship to your front door? Unfortunately, selecting insurance…
Shopping for insurance is like shopping for clothes: if a product is advertised as one size fits all, it’s probably too good to be true. You want your insurance, and…
To fulfill its duties to the association, the board should run the HOA as diligently and professionally as it would manage a business. This includes choosing the proper insurance policies…
The COVID-19 pandemic has changed how employees and employers move through the workforce and workplace considerably. One aspect that has thus far received little attention is how COVID-19 is affecting…
Board members have the fiduciary duty to protect the interest of their homeowners’ association by ensuring that the community has adequate insurance coverage. Because obtaining the right insurance to cover…
Insurance agents have a broad range of specialties. As an HOA board member, you want to be sure your insurance provider’s area of expertise is in association insurance. Qualifications Because…
HOAs are run like a business, and it’s critical to have proper insurance coverage. Your association needs to be prepared and covered for situations such as potential accidents, legal action,…