Associations in common interest communities -- homeowners associations, condominiums and co-ops -- are the responsibility of the boards elected by the shareholders/ owners.
Often, state law establishes the roles, responsibilities, duties, liabilities and so forth of boards and of owners and of the associations where they invest their money.
Over 200,000
Rosa Vihavainen has written: 'Homeowners' associations in Russia after the 2005 housing reform' -- subject(s): Homeowners' associations, Housing policy
Joni Greenwalt has written: 'Homeowner Associations' -- subject(s): Homeowners' associations
Your master policy broker or your personal insurance carrier can answer your question specifically. There is no standard.
You can find the answer you want in this link: hoa-usa.com/statelaws/al.aspx
Robert G. Natelson has written: 'Law of property owners associations' -- subject(s): Homeowners' associations, Law and legislation
Marilyn Z. Rutledge has written: 'Providing services to common interest realty associations' -- subject(s): Accounting, Condominium associations, Cooperative Housing, Homeowners' associations, Housing, Cooperative
Personal lines insurance typically does not include coverage for homeowners' associations. Homeowners' associations typically have their own insurance policies to cover their common areas and buildings. Individual homeowners may choose to purchase personal lines insurance to cover their own property within the homeowners' association.
Your association accountant can help you discover this format.
Homeowners Associations support their communities and set up rules for the neighborhood such as what colors the homes may be and how much decorations are allowed on front lawns to keep their neighborhood looking nice.
Wayne S. Hyatt has written: 'Protecting Your Assets' 'Protecting your assets while dancing with the gorilla' -- subject(s): Law and legislation, Homeowners' associations, Condominium associations
To report fraud by an Illinois homeowners association, you can contact the Illinois Attorney General's Consumer Fraud Bureau. They handle complaints related to consumer fraud, including fraudulent practices by homeowners associations.