HOA fidelity bonds are critical to the operations of homeowners associations. But, what are these bonds anyway? And what do they cover? What Are HOA Fidelity Bonds? A fidelity bond is a form of insurance that protects homeowners associations from unanticipated financial losses such as fraud or theft. Other names for fidelity bonds include…
Crime insurance is an essential form of insurance for homeowners associations. Unfortunately, far too many HOA board members skip this insurance policy because they feel that it will never come into play. But, crime is something that can happen to any HOA. What Is Fidelity Insurance? What Does Crime Insurance Cover? Crime insurance, also…
As a homeowner, you want to protect your investment and do what you can to keep your finances in good condition. And, for that, you need homeowners insurance. What Is Homeowners Insurance? Simply put, homeowners insurance offers homeowners like you financial protection in case your home or personal belongings become damaged. It typically includes coverage…
Every homeowners association must have comprehensive insurance coverage to protect itself, its members, and its employees. But, with several different HOA insurance policies available, it can be difficult to make a choice. No matter the size of your HOA, though, there are some essential policies to keep in mind. What Does an HOA Insurance…