Posts Tagged ‘Community Association Insurance’
Community Association Insurance: The Who, What, and How for Brokers
Community associations come in all shapes and sizes. However, no matter whether your client represents an HOA, a COA, or some other collection of letters, they’ll need community association insurance to keep them financially secure. Insurance brokers who are working to grow their clientele need to understand who they’re selling to, what they want, and…
Read MoreUmbrella 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: The Role of the Board of Directors An association’s board…
Read MoreWhy 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…
Read MoreSwimming Pool Safety Equipment and Spa Safety Measures
While some community association pools remain closed, others are open, under new, socially distant protocol. Ensuring that residents are safe from COVID-19 is likely at the forefront of community association owners’ minds, but the possibility of an injury caused by unsafe pool and spa practices is still an important consideration. In addition to a full-coverage…
Read MoreCovid and Swimming Pools at Community Associations
Temperatures are rising and the summer heat has everyone looking for a reprieve at the beach or poolside, including at community associations where residents and their guests are accustomed to taking advantage of this cool, liquid amenity. But not all board members and property managers took the plunge and opened their pools at the same…
Read MoreDiscrimination: On “Adult Swim” and Playpens in the Pool Area
Pool rules and pet regulations may seem like no-brainers at first to community associations. But are you entirely aware of what posted rules can constitute discrimination?
Read MoreWhen the Hoarding Hits the Fan
Hoarding. It can manifest in a few different ways, but the bottom line is clear: It’s a serious problem that needs to be addressed. The hoarder isn’t the only one at risk here, so are adjacent neighbors, property owners, and community associations. If a property owner or community association ignores a problem, they could be…
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