As a prior Board Homeowners Association President, Vice President, Secretary, and Treasurer, I understand what board members have to do in order to comply with the associations documents Florida Statues 720 and Condominiums Florida Statues 718, to protect the association and board members against claims that may occur against the management of the association and claims from other covered perils.
Condominium and Homeowner Associations coverage varies which includes liability for common grounds, exterior of buildings, clubhouses, pools, playgrounds, walls, fences, signs, cabana and bathhouses, irrigation, and electrical metal gates and any other amenities. The insurance coverage is placed with an A+ Rated Admitted Company in the State of Florida.
As a director, officer, trustee, or even a volunteer of a community association, you can beheld PERSONALLY liable for decisions and actions made on behalf of your association.
Directors and Officers Liability Insurance protects you as well as your association from damages (awards and settlements) and the defense costs resulting from wrongful act allegations and lawsuits.
Once a survey of your association and documents are completed, the various coverage options will include the following: