அதிகாரிகள் காப்பீடு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from அதிகாரிகள் காப்பீடு. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In அதிகாரிகள் காப்பீடு Today - Breaking & Trending Today

HOA Homefront – Insurance: Does your HOA have ALL it needs?


Print
The previous column discussed considerations regarding property insurance, but that is only one of many insurance types that most HOAs should have in place.
First and foremost is liability insurance. This is the insurance which covers claims of negligent damage or injury affecting persons (owners, tenants, or visitors) on the property. Civil Code Section 5805 protects the individual members of the HOA from being sued personally just because they are HOA members, so long as the HOA has at least $2 million (100 or fewer members) or $3 million (over 100 members) in liability coverage. HOAs should discuss with their insurance broker and legal counsel what amount of liability insurance is appropriate, since an allegedly injured party could seek damages beyond the limits of the insurance, and that financial impact on the HOA could still later be passed along to all the members in the form of a special assessment. ....

United States , Kellyg Richardson , California Department Of Insurance , Senior Partner Of Richardson Ober Denichilo , Code Section , Officers Insurance , California Department , Senior Partner , Richardson Ober Denichilo , ஒன்றுபட்டது மாநிலங்களில் , கலிஃபோர்னியா துறை ஆஃப் காப்பீடு , குறியீடு பிரிவு , அதிகாரிகள் காப்பீடு , கலிஃபோர்னியா துறை , மூத்தவர் கூட்டாளர் ,