Living in an HOA means sharing costs when something big goes wrong. The piece most owners miss is loss assessment coverage: the part of your own policy that steps in when the association passes a claim cost down to you.…

Someone is hurt on the property, or someone disagrees with the board. Two different risks, two different policies. What General Liability and D&O each cover, how they work together, and where boards get surprised.

Boards hear two very different numbers for the same buildings: what they would sell for and what they would cost to rebuild. Insurance only cares about one of them. This page shows the difference with your own numbers. 1. Two…