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Public Liability Insurance for Residents Association

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  • 09-09-2007 10:10am
    #1
    Lex Luthor
    Registered Users Posts: 11,220 ✭✭✭✭


    We are trying to start up a Residents Association in our area for nearly 200 houses and would like to know is public liability insurance required?

    Been reading on a website called ACRA that is is very important to have.

    Does anyone know if its necessary and if so, where to shop for it?


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    #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Lex Luthor wrote:
    We are trying to start up a Residents Association in our area for nearly 200 houses and would like to know is public liability insurance required?

    Been reading on a website called ACRA that is is very important to have.

    Does anyone know if its necessary and if so, where to shop for it?

    Its offered by most insurance companies- if you go into an independent broker (I believe the Financial Regulator maintains a list of independent brokers) they will price the product with different providors and get you the most appropriate deal.

    Our complex has 23 units- our buildings and public liability insurance comes to about 9k per annum (pricey but we have a commercial unit in here as well which messes things up a bit).

    S.


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    #3
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Note: we have a private complex, not a housing estate. A housing estate that has been taken in charge by a council should not require public liability insurance. If it is privately managed- it most certainly will though.


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    #4
    Lex Luthor
    Registered Users Posts: 11,220 ✭✭✭✭Lex Luthor


    smccarrick wrote:
    Note: we have a private complex, not a housing estate. A housing estate that has been taken in charge by a council should not require public liability insurance. If it is privately managed- it most certainly will though.
    thats the problem....it hasn't yet after 12 years still been taken over by the council
    The builder/developer has washed his hands of it and the residents association has sort of fell apart the last few years. The idea is to get it going again as the green areas are just getting over grown

    there is no management company either, so the residents need to take things on themselves


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    #5
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Lex Luthor wrote:
    thats the problem....it hasn't yet after 12 years still been taken over by the council
    The builder/developer has washed his hands of it and the residents association has sort of fell apart the last few years. The idea is to get it going again as the green areas are just getting over grown

    there is no management company either, so the residents need to take things on themselves

    If it has not been taken in charge by the council- that indicates that there are an outstanding list of matters which the council consider deficient before they are willing to take charge of the estate. Try to find this list (possibly through the council?) and pursue the builder. In the absence of the council taking the estate in charge- the individual owners are culpable for the upkeep/maintenance/legal matters relating to the complex- however the builder has a responsibility that he has not discharged. It is up to the owners to pursue the builder- or else you'll end up in never-never land where no-one will accept responsibility for anything.

    The residents association that you are talking about- sounds more like a management company in all but name- in that it will have to do the duties that you would normally expect a management company to do. This unfortunately includes 3rd party liability insurance.

    The builder really has to be chased- asap- and the limbo that you're currently in, resolved. Its not a case of the builder washing his hands- he has a legal duty that he is not undertaking- he needs to be chased. If he is allowed to walk away- you will be taking on far more than simply cutting the grass and clearing up the litter. Chase the builder pronto!!!


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