Insurance
HOA / Community Association Insurance
Protecting the board, the common areas and the governing documents.
Associations are run by volunteer boards making decisions with real financial and legal weight. Assessments, enforcement, reserves, maintenance. Those decisions generate claims, and the directors are personally in the firing line.
The programme also has to line up with the governing documents, which set the boundary between association and unit-owner responsibility. Wherever the policy and the documents disagree, the association picks up the difference.
What you get
Board D&O
Volunteer directors protected against decisions taken in office.
Lines up with the CC&Rs
The coverage boundary matched to the documents, so nothing falls between them.
Fidelity over funds
Reserves and operating funds protected against someone helping themselves.
Sized to the reserves
Deductibles set against what the association could absorb.
HOA / Community Association Insurance
Let's talk about hoa / community association insurance.
Cover for homeowner and community associations: property, general liability, D&O for volunteer boards, and fidelity cover over association funds.