BY KEVIN BOLAND, LUTCF, CIC, AI
Are You Really Covered? Understanding the Different Types of Insurance Policies & Coverages in HOAs Inquisitive board members often ask “What is the difference between ‘Walls-In and Walls-Out’ insurance coverage, and what about a homeowner’s investment in upgrades, are they insured, and by which policy? Because of these frequent inquiries and a common coverage gap found in many homeowners’ policies today, this article was written to help anyone who lives in an association insure their home properly. As volunteer board leaders, it benefits us all to share what we learn with fellow homeowners at HOA open meetings, at Echo Resource Panel Luncheons and Educational Seminars and in our HOA newsletters.
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January/February 2020 | ECHO journal
