As a board member, it’s important to understand the aspects that go into keeping your HOA afloat. Running an HOA requires being familiar with various concepts, from legal requirements to…
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General liability coverage is necessary for homeowners’ associations to provide protection from liability exposure due to accident or injuries which may occur in common areas of the HOA. A general…
Chances are you like to protect your family and property. You want to be certain that you’re covered when unexpected circumstances occur. So, why wouldn’t you do the same for…
HOA board members are confronted with many different insurance terms that appear to have similar meanings. “Evidence of insurance” and “certificate of insurance” are just two examples. To help you…
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…
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…
