Insurance
The “Insurance” category contains articles and court case decisions that involve issues pertaining to a homeowners association’s insurance coverage.
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ASSOCIATION AND INDIVIDUAL DIRECTORS SUED BY MEMBERS FOR FAILURE TO PURCHASE FIRE INSURANCE IN AN AMOUNT REQUIRED BY THE BYLAWS
- Case Decisions, Insurance
A fire tore through a 54-unit condominium building in Brooklyn, rendering it uninhabitable. But for the unit owners, the real
HOMEOWNERS ASSOCIATIONS SHOULD PLAN FOR SUBSTANTIAL INCREASES IN THE COST OF INSURANCE
- Insurance
Homeowners associations (HOAs) should expect substantial increases in their insurance premiums due to the recent wildfires, especially in states like
- Insurance
The recent devastating wildfires that have taken place make it vital that homeowners association management personnel be proactive in safeguarding
- Insurance
With the extremes in weather that Americans have experienced over the last few years, property damage insurance claims have caused
HOAs Should Have Both “Directors & Officers” Insurance and “Crime/Fidelity” Insurance
- Board of Directors, Insurance
Notwithstanding the fact that state statutes and homeowners’ association governing documents contain specific provisions regarding insurance coverage that is necessary,
- Insurance
A common mistake made by condominium owners is not having condominium owners’ insurance. Although most condominium declarations contain provisions that
HOA Concealment of Threatened Lawsuit Results in Loss of Insurance Coverage
- Case Decisions, Insurance
This case involved a dispute between a California homeowners association (“Association”) and its management company on one hand, and Association’s
Misrepresentations to Insurance Carrier Cost Association Over $700,000.00
- Case Decisions, Insurance
United States Court of Appeals decision (February 7, 2020). The case involved a dispute between a condominium owners association (“Association”)
What HOA Directors Should Know When Making Decisions Not to Have Earthquake Insurance
- Insurance
The recent 7.0 earthquake in Alaska has brought to light the importance of homeowners associations having proper insurance coverage when