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Failure to Procure Insurance and the Ramifications of Special Assessments

In Parts 1 and 2 of this article, we discussed how the majority of Directors’ & Officers’ (D&O) Liability Insurance policies on the market today exclude the most common lawsuits facing homeowners associations, and the value of having a policy tailored to an HOA. What is “failure to procure insurance” and why does it matter [...]

By | 2017-04-24T14:11:19+00:00 May 5th, 2013|D&O Insurance|Comments Off on Failure to Procure Insurance and the Ramifications of Special Assessments

Developers and Non-Monetary Claims

In Part 1 of this article, we discussed the importance of having a Directors’ & Officers’ (D&O) Liability policy customized to the homeowner association’s needs, as they provide coverage for common claims against HOAs, such as discrimination lawsuits. What are non-monetary claims and why is D&O coverage important? Non-monetary claims are another example of D&O [...]

By | 2017-04-24T14:11:45+00:00 May 2nd, 2013|D&O Insurance|Comments Off on Developers and Non-Monetary Claims

What Homeowner Associations Need To Know About Directors’ & Officers’ Liability

What is Directors’ & Officers’ Liability Insurance? One of the most important insurance policies in any homeowner association’s financial portfolio is also one of the most overlooked and misunderstood: Directors’ & Officers’ (D&O) Liability Insurance. A good D&O liability insurance policy protects both past and present HOA board members, the property manager, employees, volunteers, and [...]

By | 2017-04-24T14:12:17+00:00 May 1st, 2013|D&O Insurance|Comments Off on What Homeowner Associations Need To Know About Directors’ & Officers’ Liability