hoa and social club liability ins

Started by MaureenW2 • 3 replies • 557 views

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MaureenW2 (Florida)
Posts: 2

Posted:

I live in a 55+ moble home park in florida we rent the lots and only own the moble homes all other buildings and pool is owned by the owners we have a nonprofit social club and hoa do they have to have liability ins

TimB4 (Tennessee)
Posts: 21,059

Posted:

Maureen,

Welcome to the forum.

The FL statute that covers mobile home parks is called the Florida Mobile Home Act.

Per that act, FL 723.079:

(8) An association shall use its best efforts to obtain and maintain adequate insurance to protect the association and the park property upon purchase of the mobile home park.

This, in my laypersons opinion, means it's not a requirement but should be done if there is enough funds to do so.

That said, I think it would be a concern for any member if an Association doesn't have a general liability policy.

SamE2 (New Jersey)
Posts: 310

Posted:

I'm a little confused by your question. Who owns the other ground and other buildings. The way I'm reading it the HOA and social club doesn't own any property. The property owner should have liability insurance. The HOA and social club should also have liability insurance but it would probably be pretty affordable. I would talk to a couple of insurance brokers. The real question is what type of risks does the HOA and social club have and what happens if someone decides to sue you.

MelissaP1 (Alabama)
Posts: 13,836

Posted:

So you all have a HOA that would own the buildings that is non-profit. Along with this there is a separate "club". Which is also non-profit. Do these two clubs operate separately? When you mean "non-profit" social club. Is it to buy party supplies like a pot-luck?

The HOA should have liability insurance to cover not only the property but it's board members. It also should be incorporated. The social club doesn't sound incorporated. Plus if not part of the HOA would not fall under the "corporate shield". Not sure what it needs insurance for or what type since it's a separate entity?

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