Home > Insurance
0 views 7 sec 0 Comment

Insurance

/ Owner - June 8, 2012

Insurance for Community Associations Articles

Property & Casualty Articles

  • The State of HOA Reserve Funding: Are Associations Nationwide Meeting the 70% Benchmark? June 20, 2024
    Homeowners associations (HOAs) play a critical role in managing and maintaining the common areas and amenities that enhance the quality of life for residents in communities across the United States. One of the key responsibilities of an HOA board is to ensure the association has adequate reserve funds to cover the future repair and replacement costs of major components, such as roofs, paving, and pools. Achieving a reserve fund that is at least 70% funded is considered a benchmark for ...
  • The dust won’t settle! (AB) June 20, 2024
    Big Lakes County has denied a request from Hilliard’s Bay Estates for council to provide dust control on the main gravel road leading to the residential community.  At its regular meeting May 22, council approved a recommendation by administration to reject the request to provide dust control on Township Rd. 752A between the turnoff to Shaw’s Point Resort and the estates’ first gate.   Read the article…………………………….
  • Energy bill affecting HOA’s on Governor’s desk (MI) June 20, 2024
    A bill to invalidate certain provisions in homeowners’ association agreements that prohibit the replacement, maintenance, installation, or operation of certain energy-saving improvements or modifications or the installation of solar energy systems; to provide for the adoption of certain policy statements; to prescribe penalties and remedies; and to provide for the powers and duties of certain state and local governmental officers and entities. Read the article (PDF)…………………………….
  • Common Sources of Water Damage in Condominiums After a Hurricane (FL) June 20, 2024
    Hurricanes are a significant threat to Florida’s condominiums since they can cause severe water damage that can lead to costly repairs and long-term structural issues.      Read the article…………………………….

Property & Casualty Article Archives

Directors & Officers Insurance Articles

  • A Guide To HOA Board Responsibilities May 2, 2024
    Serving on the board of a homeowner association is a high calling. Well meaning volunteers are elected to roles that are critical to the well being of the HOA. But what exactly is a board member supposed to do to fulfill this charge?  Read the article…………………………….
  • Director Elections—What Could Possibly Go Wrong? April 1, 2024
    Director elections are one of the most important powers association members have, so it makes sense that owners take elections seriously. Whether voting in an election and/or running for the board, the process and its results are personal to association members. Therefore, any appearance of impropriety or error in the process is oftentimes met with objection, suspicion, and unfortunately, hostility.    Read the article…………………………….
  • Board Member Code of Conduct (FL) March 30, 2024
    The law specifically provides that Board members have a fiduciary relationship with the owners and requires Board members to disclose conflicts of interest. However, the law does not specifically address acceptable (and unacceptable) behaviors for discharging these responsibilities. As such, a Code of Conduct for Board members is a good idea to have so that all Board members have a better understanding of their responsibilities as Board members and the limitations of their office.  Read the article…………………………….
  • Treasurer’s Payment Mistake Requires Defense Coverage Under Property Association’s D&O Policy March 28, 2024
    A federal court recently ruled that a carrier must defend its policyholder against a claim involving the treasurer’s erroneous payment to a scammer. The ruling shows that a “wrongful act” under a D&O policy need not be an egregious act of wrongdoing, that coverage may hinge on whether extrinsic evidence can establish coverage, and that breach of contract claims are not always uninsurable as a matter of law.   Read the article…………………………….

Directors & Officers Insurance  Article Archives



Condominium Insurance Law

RSS Feed from Merlin Law Group P.C.

Condominium Insurance Law Archives

General Liability Insurance Articles

  • New Jersey Supreme Court Publishes First Opinion Addressing First-Party Indemnity Provisions June 12, 2024
    On May 30, 2024, the Supreme Court of New Jersey issued its decision in Boyle v. Huff, holding that an indemnification clause cannot apply to first-party claims unless the parties include specific language expanding the clause beyond the traditional scope of third-party claims, meaning claims in which the party seeking indemnification has been sued by a non-party to the contract.  Read the article…………………………….
  • Courts May Be Expanding Condominium Association Liability Risks May 21, 2024
    Condominium associations have an obligation to maintain common areas. Are they also liable for damage to owners’ units if a common area component fails? While the typical answer is no because the Owner is responsible for the Unit by virtue of the condominium documents, a Massachusetts Superior Court addressed the question recently, and its answer has potentially disturbing implications for condominium associations.   Read the article…………………………….
  • Boca Raton HOA Sued Over Electric Scooter Accident (FL) May 7, 2024
    A Boca Raton Homeowners Association is being sued by a man who claims the HOA’s poorly maintained parking lot led him to crash his electric scooter.  Robert Clarfield claims that the Villas of Boca Barwood is responsible for his accident.    Read the article…………………………….
  • Understanding Community Association Security Measures and Liabilities April 16, 2024
    A recent article from the Community Associations Institute in the organization’s excellent Ungated blog focused on important security and liability issues for associations. It discussed how communities can be exposed to legal liabilities for negligent security and crimes occurring on association property.   Read the article…………………………….

General Liability Insurance Articles Archives

Insurance – General Articles

  • Is condo living becoming a thing of the past? Insurance costs, HOA fees taking a toll (FL) June 19, 2024
    Condo living has been a popular lifestyle in Florida for decades, but with rising insurance costs and HOA fees could this lifestyle be coming to an end?  In the nearly two years since Hurricane Ian left a path of destruction through southwest Florida, Fox 4 has documented recovery efforts and battles with insurance providers.    Read the article…………………………….
  • Condominium Associations Need to Check Their Insurance Policies (PA) June 18, 2024
    Section 3312(c)(2) of the Pennsylvania Uniform Condominium Act requires that the Association’s insurer “waives its right to subrogation under the policy against any unit owner of the condominium or members of his household.” This means when the Association’s policy pays for damages to the Unit or Common Elements, the insurance company cannot try to get a contribution from the Unit Owner. That includes times when the Unit Owner was negligent or even purposefully caused damage.   Read the article…………………………….
  • Big Jump in Insurance Costs Strikes Condos June 17, 2024
    Board members of the Highland Park Community Association in Mission Viejo, Calif., braced last year for a rise in insurance costs.  Yet they were still shocked to receive a quote for over $170,000, which was more than four times what the association paid in 2022. Another 12 insurers declined to offer quotes, because wildfire risk has made insurers less willing to do business in California.   Read the article…………………………….
  • States beg insurers not to drop climate-threatened homes June 10, 2024
    In the coming years, climate change could force Americans from their homes, not just by raising sea levels, worsening wildfires and causing floods—but also by putting insurance coverage out of reach.  In places including California, Florida and Louisiana, some homeowners are finding it nearly impossible to find an insurance company that will cover their property. Others have seen their premiums climb so high that they can no longer pay. Experts say the trend is spreading throughout the country as natural ...

Insurance – General Articles Archives

Owners Insurance Articles

  • Captives for HOAs? A New Utah Regulation Allows the Alternative Risk Transfer Solution to Extend into Personal Lines June 15, 2024
    A homeowner might feel good knowing their property is insured against anything that could happen.  But that can change in an instant. Massive rate increases, non-renewal notices and a decline to offer new coverage in particular geographies are becoming the norm in many parts of the country as insurers try to remain financially viable amid shifting climate risks.   Read the article…………………………….
  • Captives for HOAs? A New Utah Regulation Allows the Alternative Risk Transfer Solution to Extend into Personal Lines June 14, 2024
    As homeowners insurance carriers across the country pull out of regions with significant catastrophe risk, Utah is piloting an innovative solution: allowing homeowners associations (HOAs) to form their own captives to offer homeowners insurance policies to their members.   Read the article…………………………….
  • It’s a perfect storm for fire insurance (CO) June 11, 2024
    Westerners have begun looking at their homes differently these days. Are those trees too close? Should I move all that firewood stacked up next to the deck?    In Colorado, Tiffany Lockwood said she was dropped twice by fire insurance carriers over the 10 years she’s lived in Evergreen, a heavily forested exurb of Denver.    Read the article…………………………….
  • Florida Law Requires Loss Assessment Coverage for Condominium Unit Owner Policies June 10, 2024
    Most condo HOAs have a master insurance policy that covers shared areas on the property in case of damage or liability. Like any policy, though, the master policy has limits and deductibles, and if damage to a common area exceeds the limit or falls below the deductible, the HOA’s policy might not cover everything. In that case, the HOA might levy a loss assessment (sometimes called a special assessment) on individual owners to cover costs.    Read the article…………………………….

Owners Insurance Article Archives

Comments are closed.