Tag Archives: penalty

Co-Insurance Explained

Have you ever wondered what the coinsurance clause on your policy means?

According to the independent Insurance Agents of America, most business policies include a “coinsurance” clause, determining what percentage of the value of your property must be insured in order to be fully reimbursed for a loss.

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NJ: Judge wants compliance on dams

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

A Superior Court judge has ordered developer Joseph Samost to pay a daily $1,000 penalty until he complies with a directive to deposit $250,000 with the court to be used toward reconstruction of Kenilworth Lake dams
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