Tag Archives: claim

Tips for Community Association Insurance

Do you know whether you are fully insured? Do you even know how to figure this out? Every homeowners and condominium association needs to protect itself from various losses, claims, and liability exposure through a comprehensive insurance program.  Here are some tips to ensure you have appropriate and adequate insurance:

 

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Penny Wise and Pound Foolish

During this tough economy, associations are looking for ways to trim expenses; but opting out of insurance coverage is not a prudent choice.  In my opinion, even the smallest homeowners’ association needs insurance coverage.  If an HOA owns any property, then there is a risk that a resident, visitor or guest could be injured or hurt on that property.  Insurance claims are rare, but it is too risky to consider going without coverage.

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Dallas Developer of Lake Whitney Resort Sued For Allegedly Pocketing Owners’ Fee

More than 450 current and former property owners at a Lake Whitney residential golf community, including dozens of locals, are suing Dallas-based developer Double Diamond, Inc., claiming they were charged exorbitant fees by a puppet property owners’ association that funneled the proceeds directly to the company

Authors: Community Associations…

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