Worst-Case Scenarios: When the Reserves Won’t Cover It

New Jersey has had its share of hurricanes and weather disasters over the years, and while sometimes there’s ample warning before something calamitous happens, that’s not always the case. A bad situation can be made immeasurably worse when a building or association isn’t economically solvent enough to weather an emergency, or when insurance coverage doesn’t actually cover the ensuing damages.     Read more……..

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