Are You Carrying Enough Loss Assessment Coverage?

I was recently told a story about a condominium association that is carrying property insurance coverage on their condominium units which includes a $50,000 per unit deductible on water related losses! Evidently, this association has also adopted a policy which passes along the responsibility for the deductible to the owners of the units which were damaged.   Read the article……….


Related Articles

Community Association Residents Are Overwhelmingly Satisfied

Americans who make their homes in homeowners associations and condominiums are overwhelmingly satisfied with their communities, according to national survey

Community Safety and Security: What Your HOA Needs to Know

Everyone wants to feel safe and secure when they’re in their home or community, but it “takes a village,” so

The Big Bad HOA: Not Actually So Big and Definitely Not So “Bad”

We see many news articles about a big, bad homeowners’ association interfering with Harry Homeowner’s “right” to live peacefully in