One of the most difficult questions posed to a condominium association board is: Who is responsible for damage caused by a water leak? For example: water comes through the roof, intrudes into and damages upper condo unit #1, passes through and damages the common element walls and floors along the way, then ends up in,Go to Resource
Insurance Resources
Let’s face it: insurance is confusing, messy, and most of us don’t want to read 200 + pages of insurance documents for each of our communities. For this reason, associations rely heavily on their insurance agents to ensure their communities have the coverages they need. But did you know there are also legal nuances whenGo to Resource
Insurance is an essential part of any community association’s risk management program. But purchasing a good policy is only the first step in the process. Proper claims handling must occur for the association to receive the benefits of insurance. Colorado’s Front Range experiences some of the highest hail storm frequency and severity in the country.Go to Resource
Do you know whether your association has adequate insurance? Do you even know how to figure this out? Every community association needs to protect itself from various losses, claims, and liability exposure through a comprehensive insurance program. This article provides some tips to ensure you have adequate insurance: TIP 1: Know the primary sources ofGo to Resource