Underinsurance is the single most common problem we identify when reviewing HOA policies — and it's almost always invisible until a major claim is filed. Common warning signs include: ...
Yes — and this is one of the most important coverages an HOA board can carry. HOA board members are volunteers making binding decisions on behalf of all homeowners. ...
A lapsed or cancelled HOA master policy triggers serious consequences on multiple fronts: Lender requirements: Mortgages on units in your community typically require HOA coverage. Lenders can force-place coverage ...
Louisiana's insurance market has entered what the industry calls a "hard market" — driven by three converging forces: catastrophic wildfire losses (including major fires throughout New Iberia county), carrier ...
These terms describe how much of the physical structure the HOA's master property policy covers — and directly impact what individual homeowners need in their own HO-6 policies: Bare ...
Yes. Louisiana Civil Code Section 5805 requires HOAs to maintain property insurance and general liability insurance for common areas. Additionally, virtually all HOA governing documents (CC&Rs) contain their own ...
