Category: insurance
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WILDFIRE DEVASTATION & INSURANCE FALLOUT – What Your HOA Needs To Know
Associations statewide already had trouble finding insurance. The Los Angeles fires will make it even harder, and premiums will increase significantly. Are you interested in knowing the facts? Find out now. . . . LEARN MORE
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NEW RESERVE STUDY STANDARDS
The primary duty of an association is to maintain, repair, and replace the common areas. Unfortunately, boards sometimes fail their duties . . . LEARN MORE
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INCREASE YOUR HOA BUDGET for Insurance
Last year the insurance market suffered catastrophic losses of $210 billion from worldwide natural disasters. The top five costliest ones were in the United States. Last year was also the most expensive year on record for . . . LEARN MORE
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Tip of the Week – HOA
Director & Officer insuranceMany thanks to Jon Crain of Armstrong/Robitalle/Riegle Business and Insurance Solutions for the tip of the week below regarding D&O insurance for HOA Communities. Below you’ll find their article with this useful tip. We hope that our homeowners will find this information helpful. WHEN IS A D&O (DIRECTORS AND OFFICERS) CLAIM A CLAIM? Many of…
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Pro-Active Residents Can Prevent Claims/Paid Losses
Living within an HOA community often involves looking out for not only yourself, but for the well being and safety of the community as a whole. Below you’ll find some helpful tips for keeping your HOA community well maintained and safe to prevent claims and/or paid losses courtesy of Armstrong/Robitaille/Riegle Business and Insurance Solutions. PRO-ACTIVE…
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Tip of the Week – condo
Earthquake Insurance AdviceBelow is tip we received from Jon Crain of Armstrong/Robitalle/Riegle Business and Insurance Solutions regarding unit owners and earthquake loss assessment coverage. Being in California where earthquakes are an inevitable occurrence, we suggest that you take a moment to read their tip of the week. UNIT OWNERS AND EARTHQUAKE LOSS ASSESSMENT COVERAGE (HO-6 Policies also…
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No D&O Insurance? Oh My!
“I am not on the board anymore and they dropped the insurance.What is the downside of not having it? Can they be forced to get the insurance?” Below is an article from the Davis-Stirling.com Newsletter by ADAMS | STIRLING PLC regarding the Directors and Officers Insurance. QUESTION: I used to be on the board and insisted…
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HO-6 Policies
One glaring issue we continually see when reviewing claims for property damage losses to a condominium unit is how few unit owners have homeowners insurance. Statistics have shown that as many as 50% do not have a Condo (HO-6) policy. Some say to us that they thought the Association Master policy would cover their personal…
