HOA Insurance in Washington State

Started by ShanelleB • 6 replies • 2653 views

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ShanelleB (Washington)
Posts: 3

Posted:

Hi there, I'm the "acting" President of my HOA. We are a small community of 21 homes and have a city park in our neighborhood. This park has nothing but 2 pick-nick tables on it and a path that leads to each street inside our neighborhood as well as one leading from the main road. We are suppose to carry insurance on it and neither one of our Presidents before have done so. I am now trying to find insurance on that and for our board memembers. Can anyone suggest a company that is easy to work for, has a good coverage, and is a fare price. Thanks for the help!

SusanW1 (Michigan)
Posts: 5,202

Posted:

Call the MC or board president of some of your neighboring HOAs. They could give you referrals for insurance agents who deal with HOAs.

PatrickJ3 (Washington)
Posts: 3

Posted:

We use Stanford Insurance in Federal Way, (253)927-2000. They are a very reasonably priced insurance company that provides a group coverage for HOA's in Washington. We at Prairie Ridge Maintenance Company (HOA) have been pleased with their services. They also provide training classes as a part of the package for board members. Very good. Hope this helps. Patrick

JohnK3 (Pennsylvania)
Posts: 967

Posted:

By city park, do you mean one owned by the local municipality?

If so, what makes you think you need to have insurance for it?

If not, any major insurer probably offers HOA insurance if they ave a business line. Call around.

ShanelleB (Washington)
Posts: 3

Posted:

Yes, it was donated to the city and because it is in our neighborhood and we have a HOA, we are required to carry insurance on it. The other 2 presidents before me, have failed to get it and now I am stuck doing all the work.

JohnK3 (Pennsylvania)
Posts: 967

Posted:

Shanelle,

I'm baffled. Typically, one needs an insurable interest in something to insure that interest. If your HOA doesn't own the park, I don't see an insurable interest. The fact that it's "in your neighborhood" (whatever that means) doesn't seem to clear that hurdle. People own SFDs in our neighborhood, but I doubt we could get insurance covering anything on their lots.

Where do you think this obligation supposedly is based? In your docs? In the transfer deed? In a local statute? Or did somebody just say so?

More info, s'il vous plais.

JimB11 (Washington)
Posts: 6

Posted:

Since moving to Washington I have learned that is is a grossly mismanaged state and the poor example of leadership and responsibility set by Olympia is copied by most cities. Whenever they can't tax or control something for their political benefit they will try to defer responsibility and liability to others.

You will never get anywhere by trying to get along with a bureaucracy in Washington, the nature of things here is to litigate and fight to the detriment of all.

I would suggest sending the city a letter stating that by deeding them the property you have no responsibility. Another alternative is to check in with the Washington Community Associations Institute they are helpful in all matters including insurance pools. http://www.wscai.org/

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