As many common interest community owners and boards likely know, finding association insurance at a reasonable rate in Colorado is becoming more difficult. One of the reasons for this is that Colorado is the state with the third-highest wildfire risk, with Colorado’s 20 largest recorded wildfires occurring in the last two decades. InGo to Resource
Category: Insurance
“Big Jump in Insurance Costs Strikes Condos“, written by Nicole Friedman at the Wall Street Journal who interviewed David Firmin, discusses the rising insurance costs for condominium associations and its impacts on the same. David is quoted confirming the “year over year insurance premium increases” we continue to see in Colorado, as wellGo to Resource
As the COVID-19 pandemic continues to wreak havoc around the world, our land of HOA Struggles is no different. As boards are busy trying to decide whether pools and playgrounds will be open this season, they oftentimes forget to look at the issue of liability insurance and whether they would be protected should anGo to Resource
Damages resulting from hail storms and water leaks are two of the most common insurance claims for townhouse and condominium associations. The Colorado hail season runs from mid-April to mid-September. According to the Rocky Mountain Insurance Information Association, Colorado’s Front Range sees about three or four catastrophic hails storms in a typical season. If youGo to Resource
On September 27, 2016, the Federal Fair Housing Administration released proposed updates to its condominium mortgage insurance program. The proposed changes are open for public comment for a period of 60 days. CAI National will be doing a grass roots outreach to synthesize industry comments and you can read more here about theGo to Resource