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The HOA Insurance Coverage Two-Step

When damage occurs in condominiums or townhomes, one of the main questions is whose insurance is left holding the bag. Does the homeowner’s insurance pay? Or does the Homeowners Association’s?  An Association’s responsibilities are laid out in their Covenants, Conditions, and Restrictions (“CC&Rs” or “Declaration”). However, when it comes to allocating insurance responsibilities between homeowners […]

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Homeowner Associations: From Zero to Board Member in 60 Seconds

Congratulations! You have been “elected” to serve on your Homeowner Association (HOA) Board.  So, what does that mean?  What are your responsibilities?  What should you do? The typical HOA Board is made up of four officers: President, Vice-President, Treasurer, and Secretary.  The President typically prepares the meeting agenda, presides over meetings, appoints committees, execute contracts, […]

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