I reside in a gated Florida HOA comprised of 1662 condo units and two clubhouses.
The development is divided into 16 separate neighborhood Associations, each responsible for arranging their own HOA insurance.
Development of the HOA community was commenced in 1998 and completed in 2003. Aggregate annual premiums are around $2M, with minimal claims.
It has been suggested that the Master HOA affects a Master Policy with a high deductible. Is this a possibility?