Purchasing the appropriate commercial insurance policy is one of the most important things an Association can do to minimize their risk of being exposed to financial loss.
In order to make the best insurance decision for your Association, it is key that Board members have an understanding of risk management, basic insurance terminology as well as the insurance industry as it relates to the community association industry.
Please consult with your Association's insurance agent to discuss different types of coverages and association insurance issues that may arise.
For a detailed guide on Association insurance, please consider the following resource:
Most Neighbors maintain that the biggest benefit of their association is preserving the value and integrity of their individual investment.