Question
you own and live in a condominium and are part of the Home Owners Association(HOA). The HOA is found liable for an injury of a
you own and live in a condominium and are part of the Home Owners Association(HOA). The HOA is found liable for an injury of a city employee who was working on the premises. Your share of the damages through the HOA is $5000. Would your comprehensive personal liability insurance cover all of your portion of the damages?
A. Yes, that amount is fully covered under standard comprehensive personal liability coverage.
B. No, not under any circumstances.
C. Yes, if had an endorsement for this amount
D. This situation could not occur, HOA members are not liable for the damages caused by HOA
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
6th Edition
150639681X, 978-1506396811
