Friday, January 29, 2010

What Is Your Subdivision Doing Regarding Insurance? Trustees Looking to Share

The trustees for our subdivision are reviewing our General Liability and Directors & Officers insurance, and we are asking ourselves the inevitable question(s) regarding limits. I was hoping we could get some data from other subdivisions with respect to their limits. Specifically:

1) What limits do they carry?

2) Do they have a different limit for GL versus D&O?

3) Do they use an umbrella policy to extend the coverage to the limits carried…or is the primary carrier providing all of the coverage?

4) What carrier(s) are providing the coverage?

5) Are there any special riders/addendums being used, and if so, why?

Click on COMMENTS below and share what your subdivision has done regarding insurance. This is invaluable information for all trustees.

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