How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Loren Your Own Question
Loren, Lawyer
Category: Real Estate Law
Satisfied Customers: 34093
Experience:  30 years of real estate practice experience.
Type Your Real Estate Law Question Here...
Loren is online now
A new question is answered every 9 seconds

Are insurance companies bound by covenants and bylaws of

Customer Question

are insurance companies bound by covenants and bylaws of homeowners associations?
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Loren replied 1 year ago.

Good afternoon. I am Loren, a licensed attorney, and I look forward to assisting you.

Only indirectly. The insurance company is bound by the terms of the policy to payout for covered losses. The covenants and bylaws may specify certain losses for which the association and members have coverage, but the covenants and bylaws are only binding on the members and the association.

So, the policy may cover some sort of loss based on the covenants, but the insurance company itself is not bound directly by the covenants and bylaws, unless specifically stated in their policy.

Expert:  Loren replied 1 year ago.

If you have no further questions, and have not yet done so, please remember to leave a favorable rating (5 stars) so that I am credited by JustAnswer for assisting you. A bonus is not required, but is always appreciated.