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Slab Leaks – Covered or Not?
- January 20, 2017
- Posted by: admin@insuremyhoa
- Category: Uncategorized
No CommentsIf you manage community associations, more specifically condominium communities, it is very likely that you’ve dealt with a slab leak. They’re sudden, they’re unforeseeable and they can be expensive. But are they covered by insurance?
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Newsletter Content – Loss of Use
- January 20, 2017
- Posted by: admin@insuremyhoa
- Category: Uncategorized
There are many benefits to obtaining a personal condominium homeowners policy (known as an “HO-6”), though one of the best reasons to carry this coverage is for a protection known as Loss of Use.
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To Claim or Not to Claim?
- August 12, 2016
- Posted by: admin@insuremyhoa
- Category: Uncategorized
One of the areas that many managers and boards find themselves getting into hot water on with regularity is making declarations about what types of claims the HOA’s policy will and will not cover. We’ve seen this litigated more than a few times, so it is important to remember that coverage is based on the cause, not origin, of the loss.
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Directors & Officers Liability: Silence is not golden for HOAs.
- April 7, 2016
- Posted by: admin@insuremyhoa
- Category: Uncategorized
We`ve all heard the proverbial saying “silence is golden” for situations where biting one`s tongue is preferable to speaking on a particular matter. For community associations, applying the “silence is golden” approach to known issues can expose the association and its members to uninsured liabilities.