2014 August
Focus on... Insurance/Board Training

Insurance
2014 August When Waters Rise

When is a flood not a flood? That’s a serious question for the Garden State's residential communities. Even if they have flood insurance, damage caused by heavy rains and backed-up sewers may not meet the National Flood Insurance Program (…

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Insurance
2014 August The ABC’s of Insuring Your Condo

Sometimes insurance and the terms that accompany it can feel like a completely foreign language. It can be mystifying and overwhelming, whether for individual condo residents or the board members who oversee the community as a whole. The i…

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Insurance
2014 August To Claim, or Not to Claim?

Individuals, associations and other entities carry insurance coverage to protect them from liability, loss, and other financial and legal threats—that's pretty basic. What isn't always so basic is deciding when to file a claim versus payin…

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Insurance
2014 August Who's Responsible for Repairs?

Say you’re in bed, and you hear what sounds like the shower going. It's late, and you're tired, so you pay it no mind. You wake up at 4 a.m. to get a glass of water and find half the rooms in your apartment flooded— you forgot to turn the …

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Insurance
2014 August Fidelity Bond Insurance

Protection against embezzlement, fraud, theft, computer crime, forgery and more are just the tip of the iceberg when it comes to crimes at community associations across the United States. During challenging economic times, crime goes up an…

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Q&A
2014 August Q&A: Dealing with a Bank-Foreclosed Unit

Q If the HOA has title to a unit and a bank holds the mortgage and takes it back from the HOA is the bank responsible for all expenses?—i.e., maintenance, taxes, water and electric. The bank has allowed one unit to become uninhabitable an…

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