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Homeowners' Association Insurance

Being responsible for a homeowners' association (HOAs) is much like running a business. In fact, Florida Statute §720.303 requires homeowners' associations to be incorporated. The risks of managing multiple homes in Florida are arguably higher than many other undertakings. Homeowners associations often have extensive insurance coverage that covers multiple kinds of claims.

Fighting with a homeowners' insurance company because they have failed to fulfill a claim can be frustrating, although the HOA did its part by paying its monthly premiums. Talking to an insurance attorney can help.

Attorney for HOA insurance defense in Orlando, Florida

Running a homeowners' association is a difficult task that can be made more difficult by fighting with your homeowners' insurance company over a property damage claim. If you lead a homeowners' association in Orlando, Florida, and it has denied your claim, then call Michael B. Germain. Attorney Germain will fight to get your homeowners' association the best settlement.

Michael B. Germain is an experienced property insurance attorney who takes cases in Orlando Florida, in Orange County and in the surrounding counties of Seminole County, Osceola County,  Brevard County, Lake County, Polk County, and Volusia County, Florida.

Call (813) 835-8888 now for a consolation about homeowners' association insurance.

Types of Claims in Orlando, Florida

Homeowners, especially those in Florida, require many types of insurance. The typical Florida homeowner will usually purchase flood, hurricane, wind damage, and fire insurance. Homeowners' associations in Orlando, Florida usually purchase master insurance policies for the property they manage. A master policy is considered a "walls out" policy for all units in the association. A "walls-out" policy covers all real property inside a home interior frame, which does not include fixtures.

Claims on Property Damage in Orange County, FL

Homeowners associations are responsible for the common areas including small parks, swimming pools, exercise rooms, and playgrounds in Orange County. The HOA would likely be responsible for such property in the event that it was damaged due to flooding, fire, or other climate issues.

Claims for Liability

When individuals are injured on the HOA's property, specifically the sidewalks, fences, or playgrounds that are under the Florida HOA's control, then it can be held liable for the individual's injury. Having insurance to cover these claims can save the HOA a lot of trouble.

Claims for Loss Due to Crime

HOAs are also liable for any crime that occurs on their premises. Homeowners associations need to be prepared for the financial toll that such crime takes on their property, not only the value of the real property but also the stigma of crime in the community. Homeowners associations usually get insurance to cover crime such as vandalism, criminal mischief, and arson that happen in Orange County, FL.

Claims for Member Theft

Often called Directors' and Officers' (D&O) Liability insurance, this insurance protects present and past members from liability for issues due to management, misconduct, or any other board member violations. Claims like these, when filed in Orlando, Florida, often range from monetary to non-monetary with the latter being the more common of the two.

Additional Resources

Homeowners Associations Florida – Visit Homeowners' Association the USA, Florida Division for more information about what laws govern homeowners association in Orange County, FL, and other counties. HOA-USA was created to help board members understand the complexity of running homeowners associations across the United. States.

Fla. Chapter 720 – Visit Online Sunshine, the official website of the Florida Legislature for the full Chapter of Florida law governing homeowners' associations.

Find an Attorney for Homeowners Insurance in Orange County, FL

If you or someone you know is the head of a homeowners' association or condo association in Orange County, FL, and you are dealing with a difficult insurance company, call an attorney who will help you fight your homeowners' insurance company.

Germain takes cases in greater Orlando, Florida and in the surrounding cities of Titusville, Kissimmee, Bartow, Sanford, Deland, and Tavares.

Michael B. Germain is an experienced property insurance attorney who takes cases in Orlando Florida, in Orange County and in the surrounding counties of Seminole County, Brevard County, Volusia County, Polk County, Lake County, and Osceola County, Florida.

This article was last updated on Monday, February 27, 2017.