Insurance liability is a very important issue for a condo or HOA association or a condo board. Most have built up a good relationship with their insurance agents or brokers, and many are content to leave the details to the pros.  However, the world of insurance liability isn’t static—new laws are proposed and enacted, and court decisions can have a huge impact on what will happen in any given lawsuit or insurance claim. That’s why it’s important to know the basics of what’s new on the insurance-related legislative and legal scene, and how these laws and decisions will affect their exposure to risk and loss.   Read the article…………..

Editor

Recent Posts

Supplementary Guidance on Corporate Transparency Act for Illinois Community Associations

On April 18, 2024, the Financial Crimes Enforcement Network of the U.S. Treasury Department (“FinCEN”)…

10 hours ago

Fire engulfs condo unit in Shell Point Wednesday (FL)

A Shell Point condo unit caught fire late Wednesday morning, according to the Wakulla County…

11 hours ago

Instead of Hating Your HOA, Make Your City Take Responsibility

Homeowners associations (HOAs) are notorious punching bags, shamed for bullying widows to mow the lawn…

11 hours ago

Association Contracts (FL)

Whether your community association is a condominium, cooperative, or a homeowners’ association, Florida law empowers…

11 hours ago

E-Bikes and Batteries (FL)

Florida has not escaped the growing epidemic of fires started by lithium-ion batteries, like those…

11 hours ago

Why Is This Special Assessment Different from All Others and the Need for a Legislative Fix (FL)

Not too long ago a condominium association foreclosed its assessment lien against a deceased unit…

11 hours ago