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Agent Name: Eff Date: Email address: Phone: 8883356616 Fax: 8883356615 Community Association Professional Liability COMMUNITY ASSOCIATION PROFESSIONAL LIABILITY APPLICATION All questions must be answered
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What is community association professional liability?
Community association professional liability is a type of insurance coverage specifically designed to protect community associations and their board members from claims or lawsuits alleging negligence or errors in their professional duties.
Who is required to file community association professional liability?
Community associations and their board members are typically required to have community association professional liability insurance coverage. However, the specific requirements may vary depending on the jurisdiction and governing documents of the community association.
How to fill out community association professional liability?
Filling out community association professional liability typically involves completing an application form provided by an insurance company or broker. The form will require information about the community association, its board members, and the desired coverage limits. It is advisable to consult with an insurance professional to ensure accurate and complete completion of the form.
What is the purpose of community association professional liability?
The purpose of community association professional liability is to provide financial protection to community associations and their board members in the event of claims or lawsuits arising from their professional duties. It helps cover legal defense costs, settlements, or judgments resulting from alleged negligence or errors.
What information must be reported on community association professional liability?
The specific information that needs to be reported on community association professional liability may vary depending on the insurance company and the application form. However, typical information includes the community association's name, address, number of units, board member names, prior claims history, and desired coverage limits.
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