The lawsuits will be epic in this one.
There will be plenty of lawsuits, but the claims that are paid may not be substantial. That's because the insurance policy surely has a cap that will limit the insurance company's exposure.
“The lawsuits will be epic in this one.”
Yes, they will sue THEMSELVES into oblivion.
The lawyers are going to have to get creative. The association has some insurance but the owners will be suing themselves. They can sue the trustees but they won't have much coverage - maybe 10M. Hopefully the association is managed by a very large management company with deep pockets or possibly they can go after some product used in construction,