Other automated processes, like our 6-month policy review and SMART application system, keep the insurance process pain-free. HOA Insurance Expertise With a fully-licensed staff that includes former community managers, we know all there is to know about HOA insurance. We’ll give your association...
Your HOA fees help cover those nice-to-have features, but they also cover an essential must-have: a “master”insurance policy for the property. While individual owners will have a separate policy to cover the interior of their house or unit, the association needs its own policy for potentia...
1524 Insurance LaneSuite CCharlottesville, VA 22911 Contact P: 434.984.0700 Hours Mon - Fri, 9:00 am - 5:00 pm Newport News Branch 11818 Rock Landing DriveNewport News, VA 23606 Contact P: 757.873.1800 Hours Mon - Fri, 9:00 am - 5:00 pm Williamsburg Branch 5388 Discovery Park Blvd...
These expenses ensure that common areas, such as parks, sidewalks, roads, and landscaping, are well-maintained and aesthetically pleasing. Insurance HOAs typicallymaintain insurance policiesto protect the community’s common areas and shared facilities. HOA charges contribute to the premiums and coverage...
If the homeowner’s association wants an insurance payment, it’s likely liability insurance. Utilities: This portion of your HOA fees is usually for community utilities, like electricity in the laundry room or clubhouse. It could also be for access to cable or internet that’s avail...
Explore the nuances of title insurance in California and how it safeguards your property interests. Read More ARTICLE Breach of Contract in California Real Estate Transactions Navigate breach of contract disputes in California real estate transactions with LS Carlson Law. Understand your rights, remedies...
Insurance Insights (6) Leadership Excellence in HOAs (2) Legal Insights and Compliance for HOAs (6) Policy Management (2) Security (2) Technology in HOA Management (2) Roles and Responsibilities in HOA Financial Management One of the first steps to successfully managing your HOA’s ...
So, the unit owner’s policy is primary, but only until it becomes clear that the damage will cost more to repair than the deductible. For commercial condominium projects ( projects with no residential units), the insurance requirements of Utah Code 57-8-43 no longer apply for insurance ...
Also passed Sept. 4 were the BVI Business Companies (Amendment) Bill 2024, the Insolvency (Amendment) Bill 2024, and the Insurance (Amendment) Bill 2004. ‘Significant inadequacies’ Besides the five bills introduced by Ms. Smith, the HOA also passed the Proliferation Financing (Prohibition) (Am...
February 26, 2023Tom LevittCommunity,Insurance,Maintenance,News,Rules What can you do to prepare you and your family for an earthquake? Besides the obvious disaster-preparedness plan and collecting supplies for home and auto, you should consider insurance for property loss. Loss consists of personal...