Understanding the Meaning of “Claims Made” Insurance Coverage to Protect Against Claim Denials Due to Late Notification

A homeowners association must have liability insurance that covers the association as an entity, as well as its officers, directors, and volunteer committee members for claims arising from alleged action, or inaction. Such policies are commonly referred to as “D & O” insurance coverage, or HOA Claims Made Insurance.

D & O policies are typically “claims made” policies where, in order to trigger coverage under the policy, a claim must be tendered to the insurance carrier within the policy period. Under a claims made policy, the actual acts that are the subject a claim could have occurred years before a claim is made, but the insurance policy that provides the coverage for liability based on those acts is the insurance policy that is in effect when the claim is actually made and tendered to the insurance company.

Subscription Required to Continue Reading

To view the full HOA Featured Article, you must have a Subscription with HOA Member Services

Become a Member

Personal Monthly

$ 12.70 /month
  • Access to over 600 Articles & Case Decisions
  • Access to hundreds of Resources
  • HOA Newsletter
  • Free Copy of HOA LIVING
  • 25% OFF Download Forms
  • 1 User

Personal

$ 97 Annual
  • Access to over 600 Articles & Case Decisions
  • Access to hundreds of Resources
  • HOA Newsletter
  • Free Copy of HOA LIVING
  • 25% OFF Download Forms
  • 1 User

Pro

$ 297 Annual
  • Access to over 600 Articles & Case Decisions
  • Access to hundreds of Resources
  • HOA Newsletter
  • Free Copy of HOA LIVING
  • Free Unlimited Access to Download Forms (save $1000s!)
  • Unlimited Personal Support from HOA Attorney
  • 1 User

HOA Team

$ 347 Annual
  • Access to over 600 Articles & Case Decisions
  • Access to hundreds of Resources
  • HOA Newsletter
  • Free Copy of HOA LIVING
  • Free Unlimited Access to Download Forms (save $1000s!)
  • Unlimited Personal Support from HOA Attorney
  • Up to 10 Users

Get Your FREE
HOA Living Guide

 Get ready to level up your community! Dive into our guide for homeowners and management personnel in neighborhoods run by homeowners associations. Download now for essential tips and exclusive resources— improve your community with one click! 

Success, check your email for your guide!

Scroll to Top