Buying a deal in HOA community where HOA is being sued

[Mike Nelson]

I found a great deal on a single family in an HOA community here in South Florida. Turns out the title company found the HOA is being sued for an accident on the common grounds of the HOA where a young boy was tragically killed from being hit by a car. Apparently, this HOA had NO INSURANCE! WOW! So all I know at this point is there is pending litigation to rule who is liable. I actually thought of purchasing this home for myself because the neighborhood and location are very desirable. At this point, is there any safe option for me to proceed with the home, possible protection form a home owners insurance policy If the HOA is sued and all the homeowners are found liable, even if I bought this home long after the incident (took place about 3 years ago)? The title company wants me to sign a hold harmless on the title policy for this issue. So if I do that, am I just putting my neck on the line for a possible $30 million dollar settlement split among all the homeowners? Sounds dramatic, but I need some options.