If you are on the HOA insurance company side, factor in:
1. Cost to litigate up to trial.
2. Cost of trial.
3. Likely hood of a judgement.
4. If judgement is negative, then cost to appeal.
The Martin’s attorney knows the risks and factors into his advice. He wants to settle at step 1.
So I would not read much into the amount speculation. Given the recent news on the case, sentiment was going the HOA’s way. My guess is low six figures. Easily covered by the policy. No HOA special assessment.
Block party!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!