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Removing the HOA board won’t solve the insurance problem

Removing the HOA board won’t solve the insurance problem

Note: Gov. Steve Sisolak signed the Emergency Directive 033 adjusting the statewide standards on gatherings. The new directive adjusts the previous limitations on gatherings from 50 people to 250 people or 50 percent of the occupancy, whichever is less. This applies to both indoor and outdoor venues.

Q: In a homeowners association meeting late last year we were told that because of a high number of claims, they could no longer afford water damage insurance. Then a notice came out early January that as of Jan. 15 we have no water damage insurance on the property.

In June, we received ballots for our covenants, conditions and restrictions amendment to remove the $1,000 deductible on master insurance claims, and there is no new cap. We understand the $1,000 deductible is not practical today and have no issue with this. But it also has added language that says owners “benefiting from” repairs will be liable for deductibles on all master policies. Seems way too broad and arbitrary.

We’ve tried for months to push the board and have done research to find a solution but have been shut down. If the board continues to refuse to act in what we believe is our best interest, we feel we must remove them. I’ve been trying to get more information on the removal process if it comes to that.

Our HOA board discontinued all water damage insurance as of Jan. 15. We owners are at risk now for major liability in our common areas because our condo policies only cover wall insurance. (Although HOA did not warn us or recommend it, many of us have added max loss assessment to our condo policies to protect ourselves.) We have been unable to get the board to move on a solution and have been completely disregarded

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