HOA and Shareblock Insurance

Home Owners Associations (HOA’s) & Shareblock companies, while not legally obligated to have insurance cover, would be prudent to have at the very least (third party) public liability, directors’ liability and common property cover. Further, many HOA’s and Shareblock companies seriously underestimate the value of their common property, especially when there are club houses, tennis courts or related features included in the common property which can, and often do, result in claim complications down the line through insurers applying average in related instances. Trafalgar Financial Services, being aware of potential oversights, tend to the valuation of the common property to ensure that adequate cover is in place as a free value add.