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…
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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…
