Do you want to stop asking owners who pay on time to subsidize those who don’t? Do you want to strengthen or maintain the financial health of your association? Now board members can access a proactive service that helps build reserves, improve access...Read more
One local homeowner thought he had purchased the right homeowners insurance. When a fire struck last year, the insurance company declared his house a total loss and paid his policy limit of $200,000. But it cost him...
Natural disaster insurance can mean costly premiums and steep deductibles for associations. In California, some communities are asking: Is earthquake coverage an exorbitant luxury or complete necessity? Earthquake-prone California experiences about 10,000 small-to moderate-sized tremors annually. A study released earlier this year by the U.S. Geological Survey found...Read more
Elevators may be the most complicated and expensive asset in your building. Fix your contract, know the basics and minimize legal risks before your community finds itself out of order. The passenger elevators in a 90-year-old, 62-unit, 16-story condominium complex in Chicago were so small and vintage...Read more