In January, wildfires destroyed 16,240 homes and commercial properties including condominium associations and planned developments. Loses are estimated between $95 billion and $164 billion, with insured losses estimated at $75 billion.
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.
Industry expert Adrian Adams from the Adams Stirling Professional Law Corporation and insurance specialists, Michael Berg and Terri Guest from Berg / LaBarre Oksnee Insurance held a webinar to address the many questions that are being raised regarding the wildfires and the insurance crisis in California. Are you interested in knowing the facts? Find out now.
QUESTIONS AND ANSWERS: You’ve got the webinar in the video above, now get the Q&A. Learn what the minimum insurance coverage / limits by law are, if a property can be liened by an unpaid special assessment, if your HOA needs property insurance if the reserves are at 100%, and much more. – WATCH THE Q&A NOW – CLICK HERE
DISCLAIMER. This content is from the Davis-Stirling.com Newsletter by ADAMS | STIRLING PLC for commentary only, not legal advice. For legal advice, you’ll need to hire legal counsel. You can hire ADAMS | STIRLING PLC; Keep in mind they are considered corporate counsel to associations only.
