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Don’t Put Your HOA at Risk by Not Tendering Claims to Insurance Carriers

Don’t Put Your HOA at Risk by Not Tendering Claims to Insurance Carriers

by Lawrence Szabo, Esq. | Jan 25, 2016 | Insurance

Homeowner association management personnel are frequently confronted with situations that involve actual or potential claims being made by a third-party such as a homeowner or an injured worker. The association typically first learns of such claims through verbal or...
HOA Homeowners Need to Have Adequate “Loss Assessment Insurance”

HOA Homeowners Need to Have Adequate “Loss Assessment Insurance”

by Lawrence Szabo, Esq. | Sep 30, 2015 | Insurance

All too often owners of condominiums and properties that are part of a common interest development that is operated by a homeowners association learn about loss assessment insurance the hard way– that is, when the need arises after a loss and they find out that...
Does Your Homeowners’ Association Carry Adequate Directors and Officers Liability Insurance?

Does Your Homeowners’ Association Carry Adequate Directors and Officers Liability Insurance?

by Lawrence Szabo, Esq. | Jul 14, 2015 | Insurance

Directors and officers liability insurance (“D&O Insurance”) is insurance that protects the officers and directors of a homeowners’ association and provides coverage for liability and legal expenses that result from acts committed as a director...
Condominium Owners Need To Insure Their Separate Interest

Condominium Owners Need To Insure Their Separate Interest

by Lawrence Szabo, Esq. | Apr 21, 2015 | Insurance

Condominium owners need to understand that the insurance maintained by their homeowners association is not sufficient to cover for all losses that may be suffered by the owners even if the loss is caused by a condition in the common area. An association’s...
Missouri Ct Says Surplus Insurance For Loss Of 9 Out Of 58 Units Gets Distributed To All 58 Owners

Missouri Ct Says Surplus Insurance For Loss Of 9 Out Of 58 Units Gets Distributed To All 58 Owners

by Lawrence Szabo, Esq. | Apr 4, 2015 | Case Decisions, Dispute Resolution, Insurance

Missouri Appellate Court decision (March 23, 2015). This case involved an action filed by a homeowners association (“ Association”) against the owners of nine units within the Association in order to obtain declaratory relief concerning the proper distribution of...
Missouri Ct Says Surplus Insurance For Loss Of 9 Out Of 58 Units Gets Distributed To All 58 Owners

HOA Insurer Must Pay Association’s Liability for Attorney Fees as the Losing Party

by Lawrence Szabo, Esq. | Mar 19, 2015 | Case Decisions, Dispute Resolution, Insurance

UNPUBLISHED U.S. District Appellate Court decision (March 5, 2015). Topic: Insurance / Dispute Resolution In this case, a homeowners association (HOA) sued two homeowners for alleged violations of the HOA’s bylaws. The lawsuits were initiated under Florida...
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