Imagine a homeowner’s roof needs to be replaced under warranty, but instead of the required steel gray tiles, the contractor can only install pewter gray because steel gray is no longer manufactured. The new color doesn’t meet the association’s approved palette, and the board denied the approval of the new color. Frustrated, the homeowner files a claim against the board, demanding a fair resolution and amendment to the rules to be able to use an available color.
A homeowner installs an emotional support koi pond on common-area property. When the board asks them to remove it, they file a discrimination lawsuit stating the koi are helping with their depression and anxiety. The board is trying to fulfill their duty and enforce the bylaws of the association and by doing so, they now face mounting legal fees in settling the dispute.
USLI’s Community Association Directors and Officers (D&O) product is designed to protect the assets of the association and the board members, committee members, volunteers and employees’ decisions made on behalf of the association. USLI’s comprehensive coverage coupled with our speed, ease of use and accessibility makes us a go-to market for community association D&O insurance.
Key Coverage Features Include:
- Full prior acts
- Defense costs outside the limit
- Coverage for both monetary and non-monetary claims
- Defense for breach of contract
- Employment practices liability coverage provided for no additional premium for associations with 10 or fewer employees
- Lifetime occurrence reporting period (protects former board members if their successors don’t maintain claims-made coverage)
- Third-party harassment and third-party discrimination coverages (most classes)
- Manager/Management company automatically named as additional insured
- Data breach and identity theft expense sublimits
Ease of Doing Business
- Name, class and number of units is the only information needed to quote (subject to additional underwriting information)
- Simple one page application needed to bind coverage
- Quick quoting options
Get a quote fast — your way
ONLINE SNAP.USLI.COM
PHONE 888-773-8754
EMAIL PROLINES@USLI.COM
Let USLI’s Community Association D&O product and underwriting team help you navigate the unique coverage needs of residential and commercial associations. Learn more about our offering, and get started with a quote today. For more information, please contact Doug DeAntonio.
