The long-awaited sequel to Part One, this blog addresses the other deductible dilemma associations are facing. The dreaded wind and hail deductible. Under this scenario, imagine a large hail storm whips through the Denver area, causing significant damage to the roofs in your community. As a result, all of the roofs in the community must be replaced. Let’s say your association’s wind and hail deductible amounts to $250,000. Read the article…………
On April 18, 2024, the Financial Crimes Enforcement Network of the U.S. Treasury Department (“FinCEN”)…
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