Question on Building Insurance

Started by IslamM • 2 replies • 1062 views

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IslamM (Florida)
Posts: 67

Posted:

Thank you all, for always guiding me in questions that help us be more informed. We are an HOA FL 720. And we have very good insurance. Since I owned there has been one or two lawsuits. And never had to involve the insurance company, but since we hired a Management Company, we had a petty case with two owner neighbors dispute that was determined to be a personal matter. And we ended paying our attorney plus the Insurance company for analysis.? Can any one please advise me on this? Thank you.

TimB4 (Tennessee)
Posts: 21,059

Posted:

Islam,

I'm not sure what you are asking.

I suspect that the Association was named in the suit and incurred expenses to defend itself (hence attorney fees).
The Association may have also brought in the D&O insurance and had to pay a delectable. You will have to read the policy or ask your board why others costs (if any) were incurred.

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