INDUSTRY THE INSURANCE MISTAKES BOARDS MAKE PERSPECTIVE E nsuring that their communities are adequately and appropriately insured is arguably the most important obligation for association boards. It is also an area about which most board members know relatively little-certainly less than they need to know to assess risks, compare policies, evaluate coverages and coverage limits, understand exclusions and deductibles, and a host of other complex issues. We asked two veteran association managers to identify the issues board members find most confusing and the mistakes they're most likely to make. may 2015 37