Viewing the Master Insurance Policy

Generally, are home owners allowed to view the actual insurance policy after a catastrophe?
Not just the insurance certificate.

There is nothing in our governing documents that excludes it.

Please quote exactly what your governing documents say about inspecting records.

The Tennessee NonProfit Corporation statute does not list the insurance policy among the records which you are entitled to view. But your governing documents may trump the statute.

Thank you. The Master Insurance Policy is a part of the "records" of the Association. In my opinion the covenant requires the Association to provide a reasonable time when you may inspect the Master Insurance Policy. Send a short letter to the registered agent of the HOA. You can probably look up who is the registered agent at the Tennessee Secretary of State site. Usually the registered agent is the property manager. Send the letter registered mail, return receipt requested. The letter should say: "Dear Board of Directors, Pursuant to covenant ___, please provide a time in the next 14 days when I may inspect the Master Insurance Policy. Thank you, ______"

Document any response you receive from them from here on out. Save copies of anything you send to them. In all your communications, stay polite, factual and to the point. Never use all-caps, exclamation marks, ellipses or anything else that conveys emotion in your communications.

If you're in a condo. the association has to make that info available so that your insurance agent can write your HO6 or other policy correctly.

Since the association's coverage can change from year to year, especially the deductible which is typically passed on to condo owners, they should be providing copies of the new certificate of insurance each year - without being asked for them.

Michael

Who made up the list you give people? On the surface if not made up by the insurance company, I would be nervous if an error was made resulting in a lawsuit. I would be especially nervous if made up by some arbitrary BOD Members.

Since the costs of the HOA's insurance policy are passed directly to the owners, and the alternative is for owners to purchase individual policies for walls-in coverage, I figure MichaelS56's HOA's insurance is either a wash or possibly saves money.

We are standalone, patio homes. Our Covenants say each owner shall maintain insurance with the HOA named as co-payee. This so no one could collect a settlement and not rebuild to our specifications nor run away with the settlement and leave a destroyed home. Once in a while we get an insurance agent that says we cannot do the co-payee thjng. All it takes is a phone call from our lawyer and the agent sings a different tune.

Our Covenants also say each owner must show the HOA proof of insurance or the HOA could get the insurance and bill the owner. We have never enforced this so we do not know if one does not have insurance. If we saw any damage, we would tell our lawyer and he would be sure he was on top of it.

That's a great idea! Our annual meeting is next week and I think I'll suggest that. We don't get many people at the annual mesting, so this morning but work if it was sent with the upcoming years budget.