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…
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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,…
To minimize the adverse consequences of accidental loss, maintain continuity of the association, and assist members in protecting their most important asset – their homes, it is necessary to adopt…
Confusion often occurs when trying to differentiate between what is covered by personal policy and what is covered under the condominium’s HOA policy. When you purchase a condominium, you agree…
Todd and Sandy built a nice little cabin in the country – a cozy little retreat where they could relax and spend their retirement. One night, during a heavy thunderstorm,…
Whenever your association hires outside vendors for landscaping, pool maintenance, or any other service, you are exposed to potential third-party litigation and other damages which could result from the actions…
While mowing the association’s greenbelt, a rock flew up and damaged a nearby property owner’s bay window, breaking it and causing thousands of dollars in damage. The landscaper did not…
