I doubt you are covered
No homeowner policy covers volunteers. Anyone serving on a BOD and is personally sued does not have coverage. You have to buy separate insurance and NOT just an umbrella for BOD work. You will find the premium for that coverage to be very, very, very expensive.
This question should go to a lawyer versus an insurance agent. At a minimum ask the underwriter to specify and highlight what part of your policy would cover you.
Your HOA I am sure is insured and protects the HOA from your "bad acts" and not you personally. NH offers some protection for volunteers but that "shield" is easily pierced.
Additionally you are assuming the litigation might come from a member of the HOA but the threat might come from the BOD itself. HOA leadership changes can result is axes to grind.
My advice is hire a lawyer who knows HOA's and get an opinion letter from them. The few hundred dollars spent could save you 100's of thousands.
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