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…
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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,…
With COVID-19 firmly upon us and state legislators across the country implementing their plans for reopening, many community nonprofit leaders are wondering to what extent their commercial insurance policies will…
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…
