HOA D&O Insurance and Coverage for Community Property

I am trying to get a quote for our HOA which is a development of 55 homes on 1 acre tracts. We apparently own 2 common areas that have no buildings but one common area has a small waterfall with a tiny pond. In review of our current policy, we have not insured the commons but have insured a small building on the former president's property. The currently insurance company insists that we need to insure someone's property. The underwriter from another insurance agency that I received a quote from has not removed the building from the quote despite my request to do so. I am wondering if part of our problem is that we are using a USPS P.O. Box for our mailing address and have not obtained a street address for the corporation. Does anyone have any recommendations or thoughts about this? Thanks!

We use a PO box as well.
That is not an issue.
The Association might need to be incorporated (minor paperwork) for policies to be issued.

There are very few insurance companies writing polices for HOAs.

Personally, from what you mention, I would only worry about having the following polices:

Liability (1 million coverage minimum)
D&O (Directors and Officers)
Crime (which covers embezzlement situations)

Talk to the larger carriers.

I understand that the D&O insurance does not include the community property but the current policy insures a homeowner's "shed" that is not owned by the association. I am trying to get it removed and get coverage for the 2 community property areas owned by the association.

I think Paula is trying to get the insurance company to remove the shed from the coverage, not trying to get the shed physically removed.

And like I said, the insurance will not because they would never be able to duck some responsibility in court. Hence, they want money.