A key obligation of the association board is to protect the assets of the association. One of the primary elements of this responsibility is insurance, but many volunteer board members have limited experience with insurance. They’re only familiar with purchasing personal auto, home and life insurance. Most know the limits and the price, but few really take the opportunity to understand coverage until they have an uncovered loss. Many are swayed in their insurance shopping because they are “in good hands” or are protected by “good neighbors”. Read More……
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