Serving on a HOA board with no insurance

Started by ChrisE8 • 6 replies • 425 views

💬 Join us to post & get advice from 50,000 HOA & Condo leaders.

⚡ Takes 30 seconds

Already a member? Log in

ChrisE8
Posts: 451

Posted:

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
Posts: 4,262

Posted:

Just say no.

CathyA3 (Ohio)
Posts: 6,286

Posted:

This is easy: is there ANT benefit to you that makes the potential cost to you worthwhile?

Didn't think so...

CathyA3 (Ohio)
Posts: 6,286

Posted:

Quote:

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: 3,705

Posted:

Never.

AugustinD
Posts: 5,132

Posted:

Quote:

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.

🎯 You've read this entire discussion

Join the conversation with 50,000 HOA & Condo Leaders:

✓ Ask follow-up questions
✓ Share your experience
✓ Get expert advice
✓ Access 350,000 discussions

Create Free Account →

⚡ Takes 30 seconds

Already a member? Log in here