Condo questions: Amending governing documents, bylaws and board member requirements (FL)

Q: My cooperative dock association board of directors is exploring the ability to “self-insure” by cancelling the wind coverage on the docks and increasing the reserves. The present windstorm insurance is almost half of the annual budget and is effectively useless due to the deductible. The board thinks they can do this by amending the governing documents to remove the insurance requirement. Can this be done?   Read the Q&A…………………………………

Editor

Recent Posts

The ABCs of HOA Covenant Enforcement

There is perhaps no task more vexing for a Board of Directors than enforcing the…

5 hours ago

Bright street lights steal homeowners’ sleep (NV)

Q: Six months ago our homeowners association began replacing working streetlights with new ones. The…

6 hours ago

The Ethics of the Fiduciary Duty from the Litigators’ Lens

The topic of an association's board of directors' fiduciary duties is not new to this…

7 hours ago

There is No “I” in Board – The Collective Responsibility of Your Condo Board

Condominium and common interest community associations operate under a board of directors typically comprised of…

7 hours ago

To Give or Receive: A Guide to Crafting a Gifting Policy for Managers, Management Companies, and Boards

Gift-giving in the workplace amongst managers, management companies and vendors can be a thoughtful gesture,…

7 hours ago

Community Cohesion

While HOAs can sometimes be subject to misconceptions, cultivating community cohesion can transform them into…

7 hours ago