Distinguished Blog - Community Associations

Market insights and industry news.

HOA Insurance: Everything You and Your Clients Need to Know

Homeowners associations are complicated. They’re comprised of dozens of families, include shared public amenities, and spend hundreds of thousands of dollars on renovations, repairs, and general operations each year. With all of these responsibilities and people involved, problems will arise — and when they do, they’ll need a good broker with the right HOA insurance…

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Inside the Complex Issue of Security Negligence in Community Associations

Community associations are responsible for the safety and security of its residents. It is important for the board of directors to review the association’s bylaws to understand their responsibilities to provide a safe and secure community. Proper security measures and enforcement of them helps mitigate an unfortunate accident from occurring and the potential of a…

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Express Umbrella Insurance Q+A [Webinar Recording]

We enjoyed talking with insurance brokers during our latest webinar, a 30-minute session entitled, “Build Your Business: Community Association & Small Real Estate Umbrella Coverage.” Watch the full webinar recording below: Our attendees challenged us with questions that went right to the heart of their current business issues. The session covered a broad range of…

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Umbrella Insurance for Community Associations – Why You Need It Today

In a highly litigious environment, umbrella insurance for community associations is crucial. It can often mean the difference between financial stability and ruin. Below, we review a few exposures and recent settlements where umbrella insurance can help. Defining Community Association Community associations include the following: Homeowners associations (HOAs) Condominium owners associations (COAs) Planned unit developments…

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What’s New in Our Express Umbrella Insurance Program?

This article highlights: Differences and similarities between Express Real Estate and Express Community Association Key coverages and limits How to submit business Distinguished Programs’ long-standing footprint and reputation as a pioneer in developing niche-focused Umbrella insurance products enable us to tap into what the market needs to both improve and expand our offerings. We recently…

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Why Community Associations Need D&O Insurance

Community association boards and their members have broad fiduciary responsibilities. This leaves them vulnerable to liability lawsuits from both residents and employees. Additionally, board members are typically volunteers who don’t necessarily have the knowledge or experience regarding good governance. It creates an even greater risk of liability claims against these non-profit organizations. The need for…

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Scary Risks for Community Associations During Halloween

Signs of Halloween, everyone’s favorite spooky holiday, are everywhere during the month of October – from carved-out pumpkins to skeletons hanging in the windows and elaborate decorations. Kids and adults have planned their costumes well in advance, and this year we may very well see a lot more trick-or-treaters and Halloween parties taking place, including…

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How Community Associations Can Protect Against Fraud

In recognition of International Fraud Awareness Week, we are taking a look back at a past post where we discuss navigating fraud in community associations. Enjoy! Fraud, embezzlement, and other types of employee theft are among the biggest exposures community associations face. Exacerbating this significant risk is that it typically takes 18 months before the…

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Disaster Management for Community Associations

Hurricane Ida is a recent reminder of the havoc severe weather can wreak on a community. Ida took out houses, trees, and utility poles, and knocked out power for more than one million Louisiana residents and water for another 600,000 people. It then triggered one of the worst urban flood disasters in U.S. history in…

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Party Time Is Back: Risks Inside Community Association Clubhouses

Many people, after a year of stay-at-home mandates and capacity restrictions for get-togethers, are planning private parties, such as birthday and anniversary celebrations; weddings, bar/bat mitzvahs, and christenings; and holiday celebrations or other special events. Those living in condos and other homeowner communities often use the community association’s clubhouse and other common areas, like the…

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The Devil’s in the Details: Performing a Deep Dive into Client Contractual Agreements

Our mutual clients, whether they are community associations or in the habitational or hospitality industries, have multiple contractual agreements with third-party suppliers and vendors of various services. Each agreement contains provisions on who is responsible for what and by when, insurance requirements, and ultimate liability in the event of a loss, among other issues. It’s…

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