3 Common Causes of D&O Claims for HOA Boards
Most Homeowners Associations (HOAs) and other Community Associations—such as condos, co-ops, or Master Associations—operate smoothly with very few issues. The most recent Zogby poll of property owners’ opinions regarding their HOA revealed an 89% satisfaction rating. However, when problems arise, they often result in lawsuits or D&O claims. Volunteer directors and officers are primarily protected […]
The D&O insurance basics that Community Associations Need to Know
Whether called a Property Owners Association (POA), Homeowners Association (HOA), or Condominium Association (COA), community association groups are legal entities able to enter into contracts and defend themselves in court. As separate legal bodies, these groups are managed by a volunteer board of directors. The board’s role is to put association interests above those of […]
The Risks of Aging Infrastructures for Community Associations
As buildings and their physical components age, community associations face the financial demands and risks that come with aging infrastructures. Association managers, boards, homeowners, and residents must be aware of the inevitable decline and resulting safety issues resulting from aging infrastructures. Too often, associations fail to recognize severe structural and system failures that are progressing […]
HOA Community Pools: Understanding D&O Insurance Coverage
Summer has arrived, the public is slowly emerging from state and local lockdowns, and community association and HOA pools across the nation are opening. Unfortunately, if it weren’t enough to deal with the uncharted territory Covid-19, we’re dealing with understanding how it affects the insurance world and policyholders. Homeowner associations and community associations need to […]
The Ins & Outs of Community Association Risk Management
by Joel W. Meskin, Esq., CIRMS, CCAL, MLIS Recently, I had the privilege to speak to a lovely group of volunteer board members at a Midwest CAI Chapter seminar. The seminar was entitled: “What’s My Line: Will the Real Community Association Risk Manager Please Stand Up?” The seminar is basically a college level seminar course […]
The Ins & Outs of Community Association Risk Management from Joel W. Meskin, Esq.
I recently had the privilege to speak to a lovely group of volunteer board members at a Central Indiana CAI Chapter seminar. The seminar was entitled: “What’s My Line: Will the Real Community Association Risk Manager Please Stand Up? The seminar is basically a college level semester course squeezed into an hour and a half […]
