Beginning in February, Citizens will be able to force commercial and residential property policyholders who file claims for all non-weather water losses to use the company’s preapproved contractor or agree to limit their total payout to $10,000. This arbitrary figure is artificially low, as many claims involving water losses often cost much more to repair. It is no surprise that Citizens and other insurance carriers would seek to impose such a measure in order to keep their claim payouts as low as possible. By forcing policyholders to use carrier-preferred contractors, insurers would be able to negotiate deeply discounted rates from their selected vendors, which will always be incentivized to acquiesce to the insurance companies in order to maintain their preferred status. Read the article…………….
A safe neighborhood is a top priority of home buyers. For many of these home buyers, a gated community is an attractive option. The gate represents protection from the outside world by the careful monitoring of those entering the community. Is a gate, guarded or otherwise, an accurate representation of protection or just an illusion? Let’s examine the pros and cons of gated community associations. Read the article…………….
The word “community” is prominent in community Associations. This implies more than just a Condo Association where bills are paid on time and reserve studies are built. While those are necessities, they are not enough. A Condo Association should thrive as well. That is where the Condo Association Board Socialite comes in. Their goal is to enhance the community they live in. Read the article……………..
When there’s news about HOAs on TV or in newspapers, it’s mostly the same old news over and over again. Someone puts up a flag, changes something on their home, has hens, roosters or pigs on their property, maybe playground equipment. Things like that. If reporters happen to call, what happens? Lots of scrambling around, probably. An OMG! moment. There’s a reporter calling, emailing or knocking on the door! What are we going to do? Read the article…………….
Q: My condominium association lost a portion of the roof as a result of Hurricane Irma. The board adopted a special assessment to pay for the repairs. Will my individual insurance for my unit cover this special assessment? Read the Q&A…………..