4 Things You May Not Know About Community Insurance



True or false?

  • All associations need worker’s compensation coverage, even those without staff.
  • Umbrella policies provide an added level of coverage for both property insurance and liability insurance.
  • Property insurance will always cover damage or loss to on-site structures.

 
The answers to these questions might surprise you and prove costly to your HOA. Fiduciary responsibility and protecting your HOA is a primary function as a Board member. Finding the best cost while maintaining proper coverage is a delicate balance. Buyer beware - not all policies are alike, and if you neglect certain types of coverage, you may end up paying a much higher price.
 
You need the right partner with the experience and resources to help navigate the community insurance maze of questions.Request your complimentary 4 Things You May Not Know About Community Insurance article today! Simply complete the form below and the document will be automatically delivered to the email address provided.