The topic of insurance can provoke fear in the most steadfast of board members. It’s both terrifying in what its purpose implies, and yet at the same time mind-numbingly boring. It’s also one of the most important components in protecting o…
Tag: Insurance
Sponsored by: PeopleFirst Property & Casualty/Stark & Stark Attorneys at Law Speakers: Dawn Becker-Durnin, CIRMS- Vice President, Insurance Advisor, PeopleFirst Property & Casualty Michael Luzzi, CPIA- Insurance Advisor, PeopleFirst Prop…
Insurance coverage and the inevitable claims that coverage defends against are a fact of life for multifamily residential communities. In that setting, it’s critical for all parties to understand whose policy covers what, and under what cir…
This fall, several massive storms struck the United States in rapid succession. Hurricane Ida cut a huge swath of damage from the Louisiana coast to New England. Record flooding, tornados, and sustained high winds damaged property in profou…
Every board understands that having adequate umbrella liability insurance for their building or HOA is mandatory - that's a given. But many boards don't carry Directors & Officers policies, or 'D&O,' which protects the board as a body and b…
From sprawling town home developments to high-rises to quaint four-unit residences, New Jersey is flush with condo communities. It's no surprise then that the state is also no stranger to tough guidelines for multi-family residences. The on…
We all hope for good neighbors when we move into a new building or community. The same is true for commercial properties in residential buildings. Making a good match, one that benefits both the commercial tenants and unit owners, can go a …
In a recent case decided on August 12, 2015, the New Jersey Supreme Court held that an association is not immune from liability for personal injuries sustained on a sidewalk which is privately owned by the community association. This ruli…
Data breaches can happen from hackers, employees, competitors, vendors or other third parties and can be intentional or accidental. It is well documented that even the best security systems are being hacked at an alarming rate. Most recent…
Water Leak Woes Q I purchased a two-bedroom co-op in northern New Jersey almost two years ago. Before I moved in I had new flooring installed for thousands of dollars. Two weeks ago my cleaning person told me there was black water o…