Absolutely, yes. Unless you can afford out-of-pocket expenses that will arise in the case of an insured event covered by the HOA's master policy, best practices dictate that you carry your own insurance.
When you visit your insurance broker, take a copy of the HOA master policy with you. Buy the insurance that you require to protect your possessions and the parts of the interior that you own that are not insured under the master policy.
If there is no lien on the property, the HOA's general liability insurance should cover any liability arising from the use of the land. If the HOA isn't formal and isn't incorporated it probably doesn't have any insurance. I would consider obtaining some. Consult the HOA's legal counsel for advice for your area.
Your broker can answer the question, based on your individual situation. There is no standard.
Yes. If the HOA is in your deed, as the result of a recorded document prior to the date you bought your home, you are obligated to be a member. However, the title insurance policy issued for your home should have disclosed that it was subject to HOA membership. Check your title insurance policy--if that's not in there, you can sue the title company for indemnification. Call a real estate attorney in your area for insight into your state's laws and your specific situation.
They can buy life insurance...and should!
Mortgage insurance
No, an HOA management company typically does not pay for any losses in a homeowner's insurance claim. Homeowners insurance is a separate policy that homeowners are responsible for purchasing and maintaining. The HOA management company is responsible for managing the common areas and implementing the HOA rules, but they do not cover individual homeowner's insurance claims.
Yes, a Homeowners Association (HOA) can have an insurable interest in a fence on a property that is not on the common ground of the HOA. The HOA is responsible for maintaining and enforcing certain rules and regulations for the entire neighborhood or community, which may include the maintenance and insurance of fences on individual properties. It is important to review the specific bylaws and governing documents of the HOA to determine their insurance responsibilities.
Sure! You can buy car insurance for Louisiana online at www.geico.com.
how play for a grant
Yes. Dissolution of the HOA should be address in its bylaws. It would probably have to vote to dissolve itself.
Yes, you should call a direct-insurer (which is the insurance company) and you can buy your insurance from them directly.
mostly you should be covered by the renting agency's insurance for the drivers of their cars. Please check