Category: Insurance

Insurance Are You Covered?
2023 Fall Adequate Community Insurance Coverage

The topic of insurance can provoke fear in the most steadfast of board members. It’s both terrifying in what its purpose implies, and yet at the same time mind-numbingly boring. It’s also one of the most important components in protecting o…

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Insurance Property Insurance Basics
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 Understanding Your Coverage
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 Homesharing and 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 Insurance: A Must-Have or Couldn’t Hurt?
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 Identifying Insurance Options
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 When Waters Rise
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 Understanding Your Insurance Policy's Fine-Print
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 Contractor Coverage & Liability
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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