Casualty Insurance

Our Declarations require that all Unit Owners purchase and maintain casualty insurance on their units,
AND that they provide proof of insurance to the Board annually. Some owners see this as an invasion of
privacy, even though they agreed to abide by the Declarations upon purchase. Just wondering if any other
HOAs have this provision to provide proof of insurance to the Board.

I think that is a bit much to provide the HOA annually. It makes more sense for when they move in if the HOA is going to make such a provision. The HOA usually has to provide the owner's this information at their closing about the HOA's insurance.

It's a good idea for this but not practical IMO. This is something I would want updated and changed. Not they do not need the insurance, but providing proof constantly. Look into the ramification if something did happen like a tornado, earthquake, or fire. That should provide you the answer the HOA really needs in regards to this requirement.

The "Live Free or Die/Don't Tread on Me" argument falls with a THUD when resident Libertarians buy properties that require socialized funding of building maintenance (and want the HOA to maintain their property) The lawyers are looking out for the community by requiring insurance and requirement to prove coverage is in place. As a resident, there would be no problem in proving insurance coverage unless I was trying to sneak around uninsured in hopes the Condo master policy would fund my interior fire.

I've not even considered your theoretical situation, John, on residents getting burned out yet cashin' in and moving on.