Cohousing-L Mailing List: Re: insurance for Common House

[Lauren (laurenlake161]

When we renewed our insurance this year, the latest insurance application form 
had questions about a number of things we do. We’d risk losing affordable (or 
should I say less crazy expensive) coverage unless we could say no to:
Do we rent rooms in our Common House?
Is liquor served in the Common House?
Does the association hold any organized activities involving minors? (Lots of 
discussion around the definition of “organized activities “)

We ended up creating a risk analysis tool. Events or activities not covered or 
at risk of not being covered are required to purchase an event insurance policy.

Reading Fern’s questions below, I know our insurance would exclude damage from 
renters and paid events from coverage. I’d suggest reading your application 
form and the fine print of your policy might be a good first step, in case New 
Brighton has these limitations as well. And consider requiring paid attendance 
events to purchase an event policy that names New Brighton as one of the 
insured parties. We just purchased a policy for our Solstice celebration and 
the quotes came in at $105-$185.

Lauren
Green Grove Cohousing

> On Saturday, Oct 28, 2023 at 6:23 PM, fernselzer--- via Cohousing-L 
> <cohousing-l [at] cohousing.org (mailto:cohousing-l [at] cohousing.org)> 
> wrote:
> Hi all,At New Brighton Cohousing, we have had some damage from a guest in the 
> Common House. This overnight guest was hosted by a renter who lived in the 
> home of one of our members. Fortunately, the expense is not over the top, yet 
> we don't know who will be footing the repair bill, as the guest has denied 
> it- though it was clearly they who did it.
> Getting to my point: this has caused us to start thinking about our insurance 
> coverage. We currently have a master policy typical of condos, and each of us 
> individually have our own homes insured with condo insurance. I am wondering 
> if there is anything different that we need in our policies to cover paying 
> guests in the CH, since most condos do not have paying overnight guests in 
> their community building. I am sure some of you may have looked into this and 
> I wonder what you have found. Is it covered in a master policy? Or did you 
> need to get some other insurance to cover a gap? Other things we've been 
> thinking about: Should we require our members who rent out their homes 
> require their tenant proof that their tenant has rental insurance? What about 
> gigs in the CH when performers are collecting donations, or even requiring a 
> ticket- would the master policy cover any damages even though money was 
> collected?
> Thank you for any information about whether these situations create a gap 
> problem for insurance coverage for co-housers!Best to you all,
> FernNew Brighton CohousingAptos
> _________________________________________________________________
> Cohousing-L mailing list -- Unsubscribe, archives and other info at:
> http://L.cohousing.org/info