Without a doubt master policy general liability coverage is vital. It protects the association in situations where it may be liable for bodily injury, property damage and legal costs to defend it. If structured correctly general liability coverage for a community association can keep potentially large settlements away from personal assets of unit owners and board members.
As you might suspect there are as many ways an association can be held legally liable as there are people that dwell in or visit the complex and use its facilities. Among these areas of risk are:
- Swimming pools – injuries or worse
- Club houses where association members can rent out for parties and gatherings – think liquor liability
- Hot tubs – injuries or worse
- Parking lot crime
- Playground areas
- Gym/weight rooms
- Dog bites