Category: Insurance

Insurance
2015 December Property Insurance Basics

Property insurance, by definition, is a guarantee of compensation for a specific loss or damage to physical property or equipment. Within that broad and simplified explanation there is room for multiple interpretations—and more than enough …

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Insurance
2015 August Understanding Your Coverage

Sometimes insurance and the terms that accompany it can feel like a completely foreign language. It can be mystifying and overwhelming, whether for individual condo residents or the board members who oversee the community as a whole. …

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Insurance
2015 August Homesharing and Insurance

In cities like Miami and Palm Beach, where even the most profligate among us may shed a tear or two at hotel room prices, the homesharing trend has grown by leaps and bounds. With more condo and HOA residents than ever renting out their un…

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Insurance
2015 August Insurance: A Must-Have or Couldn’t Hurt?

From equipment failure and personal injuries to tornadoes and tropical storms, disasters happen, and any condominium association worth its salt knows that it needs to be prepared for a rainy day. Actually, even the most disreputable associ…

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Insurance
2014 August Identifying Insurance Options

You can’t underestimate the value of insurance. In a simple analogy, operating a business—or the day-to-day business of a co-op or condo—without adequate insurance coverage is a lot like skydiving without a parachute. Needless to say, it’s…

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Insurance
2014 August When Waters Rise

When is a flood not a flood? That’s a serious question for southeast Florida’s residential communities. Even if they have flood insurance, damage caused by heavy rains and backed-up sewers may not meet the National Flood Insurance Program …

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Insurance
2013 August Understanding Your Insurance Policy's Fine-Print

When it comes to insurance coverage, it’s what you know about your policy that matters. Not understanding your policy’s limits could be tantamount to not having the right insurance, and in a hurricane-prone area like Florida, that could …

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Insurance
2013 August Contractor Coverage & Liability

All professional contractors and service providers are required by law to carry insurance to cover their activities. Any condo building or HOA should also carry its own insurance to cover accidents or other incidents on the property—thi…

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Insurance
2013 August Insuring Honesty and Integrity

Of the many thousands of dollars a large condominium, co-op, or homeowners association may spend each year on insurance, two policies that typically cost less than five percent of the total are two of the most vital: crime insurance (o…

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Insurance
2012 August Keep it Above Board

 When you serve on a board, sometimes you get a feeling of empowerment. After  all, you bear a great deal of responsibility for how well (or how poorly) your  building or HOA fares during your tenure. However, it’s important not to let tha…

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