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/ Owner - June 8, 2012

Insurance for Community Associations Articles

Property & Casualty Articles

  • Understanding the Differences Between CC&Rs, Bylaws and Rules & Regulations (CA) March 18, 2024
    For HOAs, implementing universal rules and expectations is part of what helps a community thrive. To structure these, every association has three types of governing documents: Covenants, Conditions & Restrictions (called “CC&Rs”), Bylaws, and Rules & Regulations.      Read the article…………………………….
  • Update on the HB22-1137 Related Bills (CO) March 18, 2024
    The HOA foreclosure sale bill, HB24-1158, was heard by the Transportation, Housing & Local Government Committee on February 27, 2024. The recorded hearing is available on its website.   Read the article…………………………….
  • Navigating the Shadows: HOA Fraud and Community Safety (CA) March 18, 2024
    Homeowners Associations (HOAs) play a pivotal role in maintaining harmony and order in the fabric of community living. However, this structured environment is not immune to fraud and misconduct risks. HOA fraud casts a shadow over community trust and safety, raising concerns and demanding vigilance. This blog explores the intricacies of HOA fraud, offering insights and strategies to safeguard communities against such vulnerabilities.   Read the article…………………………….
  • New Jersey Supreme Court Affirms Condominium’s Ability to Limit Alleged “Emotional Support Animals,” Clarifying the Process To Be Used For ESA Accommodations March 18, 2024
    On Wednesday, March 13th, New Jersey’s Supreme Court released its long-awaited decision in the Players Place II Condominium Association v. K.P. case. In 2018, a resident claiming to be disabled for New Jersey’s Law Against Discrimination (“LAD”) adopted a dog that would ultimately weigh almost 65 lbs. despite Players Place II’s rule prohibiting dogs weighing more than 30 lbs. The association rejected the request, concluding that the resident did not need accommodation because she could have adopted a dog that ...

Property & Casualty Article Archives

Directors & Officers Insurance Articles

  • Business Judgment Rule: How to Protect Your Board (NY) March 18, 2024
    The recent case of Levy v. 103-25 68th Ave. Owners, Inc. offers some valuable insights for property managers and board members within cooperative housing communities.  In June 2018, the Levys commenced this action against the co-op defendants and the occupants of the neighboring apartment, alleging, inter alia, that the co-op defendants exceeded the scope of their authority, discriminated against them for having children, and acted in bad faith.       Read the article…………………………….
  • Why Your HOA Needs a Responsibility Chart September 9, 2023
    A responsibility chart can be a valuable tool for keeping your HOA organized and making sure your members know who to contact when they need assistance. Here is an overview of what a responsibility chart is and how it can benefit your community!   Read the article………………………..
  • Understanding the Key Roles of Officers in a Community Association Board of Directors September 9, 2023
    Community associations play a vital role in maintaining and enhancing the quality of life in their respective communities. At the heart of every community association is its board of directors, comprised of dedicated individuals who serve in various officer roles. In this article, we will delve into the responsibilities and functions of these officers, shedding light on their contributions to the community’s well-being.   Read the article………………………..
  • Understanding the Key Roles of Officers in a Community Association Board of Directors September 6, 2023
    Community associations play a vital role in maintaining and enhancing the quality of life in their respective communities. At the heart of every community association is its board of directors, comprised of dedicated individuals who serve in various officer roles. In this article, we will delve into the responsibilities and functions of these officers, shedding light on their contributions to the community’s well-being.   Read the article………………………..

Directors & Officers Insurance  Article Archives



Condominium Insurance Law

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Condominium Insurance Law Archives

General Liability Insurance Articles

  • New York Court Decision Highlights the Importance of Corporate Guidance for Board Member Protection (NY) March 15, 2024
    A recent New York Appellate Division decision (Cortlandt Street Recovery Corp. v. Bonderman) underscores the significance of retaining experienced corporate counsel to protect both corporations and their board members from potential liability. The court rejected the plaintiff’s attempt to hold various related entities collectively liable for the actions of one, highlighting the complex challenges in navigating potential individual liability.    Read the article…………………………….
  • No Common Areas In Your HOA? Do You Still Need HOA Liability Insurance? September 6, 2023
    An HOA liability insurance is essential. It protects your homeowners’ association against liability claims. But what if you don’t have shared spaces in your HOA? Do you still need the insurance?   Read the article………………………..
  • Washington Court of Appeals Upholds Condo Declaration’s Exculpatory Clause August 31, 2023
    The Washington Court of Appeals recently ruled in an unpublished opinion that a condominium’s declaration exculpated the condominium association from any liability arising out of an owner’s claim that the association neglected to maintain a common element.   Read the article………………………..
  • Are Your HOA Volunteers Covered for Injuries? August 24, 2023
    Homeowners Associations (“HOAs”) rely on the efforts of their volunteer directors, officers, and committee members to perform all manner of tasks needed in assisting the HOA with its operations. Participation by these HOA volunteers in common tasks such as site inspections, including slope inspections, landscape committee walk-throughs, and even meeting room set up and take down can all create a risk of personal injury to the volunteer. If such injury were to occur, would the volunteer be covered by the ...

General Liability Insurance Articles Archives

Insurance – General Articles

  • Farmers condo insurance case explores exclusion clauses (WA) March 18, 2024
    The Gardens Condominium v. Farmers Insurance Exchange case revolves around an all-risk insurance policy issued by Farmers Insurance Exchange to The Gardens Condominium. The policy was designed to cover any direct physical loss unless caused by an excluded event. Notably, the policy included an exclusion for faulty, inadequate, or defective workmanship but also contained a resulting loss exception.    Read the article…………………………….
  • Allstate’s Florida Company Defends 54% Condo Rate Hike. Blames Reinsurance, Hurricane, Rapid Growth March 18, 2024
    When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000 policies.  Then came reinsurance price increases and $56 million in hurricane losses.    Read the article…………………………….
  • State lawmakers want to study HOA insurance market (CO) March 12, 2024
    When a townhome complex in Louisville lost five buildings in the 2021 Marshall Fire, the homeowners board president expected the insurance would go up.  But not this much.  The Wildflower townhome community’s annual insurance premium went from $65,000 in June 2022 to $437,000 in June 2023, according to board president Mark Appelfeller. He said the costs along with the continued struggles of rebuilding after the fire are excessive.    Read the article…………………………….
  • Sky-High Condo Association Insurance Rates Upend Lives, Rattle Industries March 11, 2024
    In a dramatic turn of events that’s sending shockwaves through homeowner communities, insurance rates for condo associations have surged drastically. Across the nation, residents and HOA’s are overwhelmed with increases ranging from 50% to over 500%, with states like Hawaii and Florida facing staggering hikes due to their vulnerability to hurricanes.     Read the article…………………………….

Insurance – General Articles Archives

Owners Insurance Articles

  • Allstate’s Florida Company Defends 54% Condo Rate Hike. Blames Reinsurance, Hurricane, Rapid Growth March 18, 2024
    When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000 policies.  Then came reinsurance price increases and $56 million in hurricane losses.    Read the article…………………………….
  • As Home Insurance Costs Soar, 6 Million Owners Decide to Skip Coverage Altogether March 14, 2024
    As costs rise nationally, more than six million homeowners are reportedly skipping home insurance, which adds up to a total of $1.6 trillion worth of unprotected houses.  A new study by the Consumer Federation of America, an association of nonprofit consumer organizations, finds that 7.4% of homeowners don’t have insurance, leaving them exposed to major risks if their homes become damaged. Uninsured rates are much higher for Black homeowners (11%) as well as Hispanic homeowners (14%).   Read the article…………………………….
  • After post-Ida lawsuit spike, lawmakers seek big changes for home insurance claims (LA) March 14, 2024
    After Hurricanes Laura and Ida, thousands of Louisiana homeowners filed lawsuits against their insurance companies, alleging the insurers were lowballing and delaying their claims as they struggled to rebuild.  The crop of lawsuits, many still winding through the state’s court system, has become central to the debate over how to stem Louisiana’s property insurance crisis. And as the legislative session begins, lawmakers are weighing bills that would limit how and when homeowners are allowed to sue their insurer.     Read ...
  • Thousands of California Homeowners to Lose Their Insurance March 1, 2024
    Thousands of California homeowners will be out of luck as American National Group stops offering the state coverage.  American National Group, which was purchased by Brookfield Asset Management Reinsurance Partners for $5.1 billion around two years ago, is yet another insurance agency to leave the state as home repair prices surge amid wildfires and heightened HOA costs.     Read the article…………………………….

Owners Insurance Article Archives

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