Winter is here! And with the cold temperatures, snow storms, and other winter culprits, it’s time to ensure you have adequate insurance to cover property damage that may be coming your way. Whether your community is damaged from exploding frozen pipes, or because of snow and hail storms, it’s important to understand possible pitfalls inGo to Resource
Insurance Resources
An association’s maintenance and insurance obligations are typically set forth in the association’s covenants. However, in many instances, simply reading the maintenance and insurance provisions of the declaration will not give boards or managers clear answers. Often times, provisions of the declaration must be cross referenced and read in conjunction, and statutes consulted, before anGo to Resource
An association’s maintenance and insurance obligations are typically set forth in its governing documents, and ideally should be contained in the declaration of covenants, conditions, and restrictions. Although one might expect that a board member, manager, or homeowner would be able to read their communities’ governing documents and find answers to questions concerning their maintenanceGo to Resource
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
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