William Douglas Management recommends to their client Boards of Directors that they review their HOA’s insurance policies each year. There are basically three different policies that can be in place, a master hazard insurance policy, a general liability policy, and a directors and officer’s insurance policy.
The HOA’s insurance agent should be contacted for guidance to help insure adequate and updated insurance needs are being met. Insurance agents many times will come out and meet with Boards of Directors to review and discuss the HOA’s insurance needs.
William Douglas Management, providing excellent management services to HOAs and condominium associations since 1980.
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