Are there minimum requirements for HOA liability insurance?

Name: AMS | Association Management Services NW
Address: 16520 SW Upper Boones Ferry Rd Ste 250, Portland, OR, 97224, United States
Telephone: (503) 598-0552
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Question

tmgweb · Accepted Answer

The law does not require a minimum amount of liability insurance, but most governing documents specify minimum policy limits. The law does state that if certain statutory policy limits are met, the individual owners cannot be held responsible if the damages exceed the coverage.