Tag Archives: Insurance

What Does Your Insurance Cover?

shutterstock_158233841A pipe breaks in an upstairs condo, and the leak damages the roof of the downstairs unit. The downstairs tenant demands that someone pay for the damage. The upstairs tenant says it’s the HOA who should cover it. And, the HOA says that it’s not their responsibility. Who’s right? Is the damage covered by homeowners’ insurance? Should the association have to pay at all? Continue reading

What Does Your HOA Insurance Cover?

HOA insurance offers protection that many community associations probably wouldn’t be able to survive without. Without coverage, the cost of repairs, injuries, and other expenses would put many communities irreversibly into the red. That is why understanding what HOA insurance covers, and how your policy choice can affect what your coverage, is incredibly important in order for communities to plan for the costs they may incur.  Continue reading