Our conversation drifted away from HOA liability to our kids, life post-Disney, and a potential global WWIII. Later, as usually happens, thought more about insurance liability coverage and had an obvious first question, and then an immediate second question.
- Do they have a Real Estate/HOA attorney?
- What’s their HOA budget for legal fees?
Most small HOA’s would be defenseless against a personal injury attorney. Or any attorney for that matter.
Guessing that most HOAs are run by Property Management Companies and have an appropriately insured HOA.
So the Property Management Companies do not expose themselves to the liability of under-insuring an HOA client.
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