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Subject: Serving on a HOA board with no insurance
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Author Messages
ChrisE8
(New York)

Posts:225


11/10/2020 1:19 PM  
Would you serve on a HOA board if the board does not have directors' and officers' insurance and, even though the HOA indemnifies directors, if the HOA is broke?

It seems too risky to me.

Thanks.
GenoS
(Florida)

Posts:4158


11/10/2020 1:25 PM  
Just say no.
CathyA3
(Ohio)

Posts:1368


11/10/2020 1:52 PM  
This is easy: is there ANT benefit to you that makes the potential cost to you worthwhile?

Didn't think so...
CathyA3
(Ohio)

Posts:1368


11/10/2020 1:54 PM  
Posted By CathyA3 on 11/10/2020 1:52 PM
This is easy: is there ANT benefit to you that makes the potential cost to you worthwhile?

Didn't think so...




ANY. Time to get the fat fingers off the keyboard...
GeorgeS21
(Florida)

Posts:3411


11/10/2020 3:01 PM  
Never.
AugustinD


Posts:4421


11/10/2020 3:08 PM  
Posted By ChrisE8 on 11/10/2020 1:19 PM
Would you serve on a HOA board if the board does not have directors' and officers' insurance and, even though the HOA indemnifies directors, if the HOA is broke?
It depends on what risk I would be taking by not seeking a position on the board.
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Forums > Homeowner Association > HOA Discussions > Serving on a HOA board with no insurance



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