HOA Insurance Deductible

In a homeowner association environment, there are two major types of insurance policies: the insurance carried by the HOA and insurance carried by the individual owners. In condominiums, the HOA’s insurance generally extends to the entire property, including the units themselves.  However, to protect the HOA’s insurability, unit owners are required to carry a Condominium Owners policy which pays for insurable events within the unit.     Read the article……..


Related Articles

Insurance Complexities Create Challenges and Liability Risks for Condo Boards and Managers

“My condo community is insured for full replacement value,” the board’s president announced confidently. “Our manager assures us,” he added,

Understand HOA fines ahead of time

Not long ago a California court ordered a man to pay $70,000 for violating a homeowner association (HOA) rule limiting

Simple Ideas to Plan a Fun-themed Community Event

If throwing a themed event sounds like a ton of work, never fear! Here are eight simple ideas that will make your community event go off without a hitch, and be the talk of the neighborhood for weeks afterwards.