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When Are You Not Covered By Your D&O Policy? Maintaining Proper Coverage

In order to understand circumstances in which you might not be covered by your D&O policy, you must first ask the question, “Where does a community association’s D&O policy fall within the entire insurance puzzle?” Second, “Are all D&O policies created equal?” And third, “How does the community association maximize its coverage?”

Board members ask these questions is because they want to know if their policy covers them for the work they do for the community association. For example, they want to know if they will be covered for the following possible situations:

• If a vendor sues the board and association for breach of contract;

• If a unit owner’s sub-tenant sues the board for wrongful eviction;

• If the association’s doorman sues for wrongful termination;

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