A reader asks, “Our HOA has 22 units with no swimming pool, tennis courts, playground, club house, etc. We now have $1 million per occurrence and $2 million aggregate on our general liability insurance policy and a $5 million umbrella policy. What do most HOAs our size and situation carry on general liability and umbrella? We’re discussing the possibility of increasing the general liability to $4 million/$2 million and dropping the umbrella or keeping the general liability of $2 million/$1 million and reducing the umbrella.” . . . (to read the remainder of this article, please log in below.)
Authors: Superadmin