Dealing with an insurance claim denial can be frustrating. When an insurance company rejects your claim, it might feel like you're stuck with no recourse. However, Texas law offers a clear process for appealing these denials. If you're a policyholder in Texas,...
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Insurance
The importance of fidelity bond coverage in HOA insurance
Fidelity bond coverage is crucial to keeping your Homeowner's Association (HOA) safe from financial losses due to fraud or dishonesty by board members or workers. Here's what you need to know about it, especially in the context of Texas laws. What is fidelity bond...
Understanding HOA insurance: Condos vs. single-family homes
Condos and single-family homes within HOAs have distinct insurance needs, creating unique challenges for each type of community. Understanding these differences is essential for HOA board members, property managers and homeowners alike. The key difference The type of...
What can your HOA master insurance cover?
When the homeowners association (HOA) performs its duties properly, the benefits can extend to the residents, the property they live in and the people working in the association. The same can be true when the HOA obtains insurance coverage. Whether a condominium...
HOAs should know about windstorm insurance and what it covers
Weather-related disasters seem to have become more common in Texas. While this is often viewed in the context of hurricanes, there are other types of problems that can arise because of the weather, do damage to a person’s home and property. This will leave them...
How does named peril and all-risk insurance differ?
Homeowners and homeowners’ associations in Texas are certainly aware of the need for comprehensive insurance coverage to protect their property. Given the number of natural disasters and catastrophes that have been happening, people are paying greater attention to...
Does your HOA or nonprofit need D&O insurance?
Disputes with homeowners can quickly escalate into contentious litigation. This litigation can arise in the nonprofit sector, too. This, in turn, can threaten you and other directors, officers, and board members with extensive costs. If you improperly handle the issue...