What Factor's Go Into Calculating HOA D&O Insurance?
Question by erich k | Posted in Insurance
I'm looking for information about HOA D&O insurance. I'm in CA and was wondering for a small condo complex (5 units) what do insurance companies look at if I want $3M in coverage.
Basically trying to figure out if we are over paying.
Answer: Retroactive date, underlying limits premiums, and prior claims.
Minimum premium for D&O starts at $2500.
Do HOA Have Insurance For Public Spaces?
Question by Resident | Posted in Renting & Real Estate
Our neighborhood park was burned to the ground in an Act of Vandalism today, and I'm wondering do HOA's have insurance to replace these, I'm trying to reassure my kids it will get rebuilt but, I'm unsure that it will and the local news just reported that it was 50,000 dollars worth of damage.
Answer: Of course.....the policy for common areas are paid out of your month homeowner assoication dues.....or at least they should be. This policy should also covers any injury to a guest or tenant that happens in a common area.
Do I Need Additional Condo Insurance Other Than What I Pay In HOA Fees?
Question by kjb131313 | Posted in Insurance
I pay about $800 every three months in HOA fees. Do I need to carry additional condo insurance if I have a mortgage with Countrywide or do I just call them and give them the condo assoc. insurance info?
Answer: As far as the mortgage company is concerned your HOA can send a certificate of insurance to Countrywide. As an insurance agent for many HOA's. I used to do this all of the time.
However you will need your own insurance as well. Your condo association purchases insurance on the building and premises. Broadly speaking there are two approaches condo bylaws take to insure the property.
One approach is the condo association agrees to cover only the exterior and common areas. You are responsible to insure the interior this can include walls, wall coverings, flooring, furnace, appliances, lighting, plumbing fixtures, kitchen and bath cabinets (basically everything inside
HOAs govern themselves and can change too, right? HOA insurance breed restrictions?? If HOAs changed later, would my dog be grandfathered in? And what about HOA Insurance breed restrictions?
I live in Northern CA. I am in the process of losing my home. I am fortunate enough to have some very loving and generous parents who have offered to buy a small condo with a yard (we have already put an offer on a condo this week). I would not be on title... But my parents would OWN the place and we will just pay them every month...
I am a very responsible dog owner. My dog is CGC (Canine Good Citizen trained, recognized by the AKC), neutered pitbull, he has completed 5 obedience
Answer: NONE of the insurance companies cover property at all, for anything, if there is a pit bull on the property. It is not "some". You name one that allows them...you will not be able to find one.
Their policy seems to allow them, most ghetto areas do because they do not have insurnace.
The dog will negate not just your mothers, but the complexes insurance in case of anything, fire, flood, dog bite, does not matter.
You can only be covered if you bond the dog.
In the event the HOA alters the by-laws you will have to get rid of the animal.
HELP - HOA Insurance Question, FUTURE CHANGES, PET RULES ETC.?
Question by JZM | Posted in Insurance
HOAs govern themselves and can change too, right? HOA insurance breed restrictions?? If HOAs changed later, would my dog be grandfathered in? And what about HOA Insurance breed restrictions?
I live in Northern CA. I am in the process of losing my home. I am fortunate enough to have some very loving and generous parents who have offered to buy a small condo with a yard (we have already put an offer on a condo this week). I would not be on title... But my parents would OWN the place and we will just pay them every month...
I am a very responsible dog owner. My dog is CGC (Canine Good Citizen trained, recognized by the AKC, and pre-therapy dog trained as well), neutered
Answer: HOA insurance breed restrictions are NOT going to grandfather in someone with a prohibited breed dog - they'll just flat out refuse to give insurance to your association.
Technically, because your name is NOT on the deed of the house, and you are not married to the deeded owner, you are a TENANT, not the owner. Any HOA laws applying to TENANTS or RENTERS, would apply to you - even if you are not actually paying rent.
It's quite likely that you COULD get a rule passed that says no pittbulls, if all of a sudden, the association cannot find any insurance company willing to give them a master policy with liability coverage. Although State Farm might not have any breed
HOA Insurance Inland Empire Rancho Cucamonga Ontario California Cornerstone
HOA Insurance Inland Empire Rancho Cucamonga Ontario California Cornerstone property owners would need a type of HOA insurance that is specific to ...
Condominium or PUD homeowner association documents.
by Jeffrey
Understanding Condominium Home Owner Association Documents – HOA The majority of downtown San Diego homes are attached condominiums governed by condo homeowner association documents (HOA). It is important to know that if you are considering purchasing a condo or PUD project, that you are sharing in the common maintenance, insurance, and cost of running the project. A planned unit development may or may not be attached by still has an HOA that governs common areas and costs....
Meanwhile, tiger and white leg shrimp producers are insured in Tra Vinh, Ben Tre, Bac Lieu, Ca Mau and Soc Trang provinces. The breeding of cows, buffalos, pigs, chickens and ducks are insured in Dong Nai, Binh Duong, Binh Dinh, Nghe An, Thanh Hoa,
The event is sponsored in part by JP Morgan Chase, Overmyer Insurance Group, Williams and Strohm, Attorneys at Law, Benchmark Landscape Construction, and several other firms. The seminar is scheduled for Friday, May 18, at Kinsale Golf Club in Powell,
Appropriate license and insurance documentation is also verified by the CAMassistant.com staff, and is included in the proposal reports. "Partnering with the HOA Journal not only benefits their readership, but it also offers a great opportunity for us
It has been reported that the Charitis Insurance Company, who is currently suing THP/ Coyle, tried to serve Coyle at his offices over 35 times with no results. ■ Uhhhh, no, he went on a 30 day cruise and won't be back for 29 days.
Also, provision must be made for large spikes in the association's account balances, such as when a special assessment has been levied or insurance settlement received. Curiously, the Florida Homeowners' Association Act does not impose fidelity bonding
It has been reported that the Charitis Insurance Company, who is currently suing THP/ Coyle, tried to serve Coyle at his offices over 35 times with no results. ■ Uhhhh, no, he went on a 30 day cruise and won't be back for 29 days.