The Risks of Aging Infrastructures for Community Associations
As buildings and their physical components age, community associations face the financial demands and risks that come with aging infrastructures. Association managers, boards, homeowners, and residents must be aware of the inevitable decline and resulting safety issues resulting from aging infrastructures. Too often, associations fail to recognize severe structural and system failures that are progressing […]
Short-term rentals for Condos, Coops, and HOAs
Short-term rentals are popular but can create a lot of issues for Condos, Coops, and HOAs (referred to collectively as “CA(s).” Successful online web-based services like Airbnb, VRBO, HomeAway, and similar rental models have spotlighted these issues that resulted in several unintended consequences. In Miami, Florida, a recent case came to a head with a […]
Why HOAs and Condo Associations Need D&O Insurance
There’s no getting around the reality that community associations need D&O liability insurance coverage as an integral piece of its risk management program. Volunteer members of the Board of directors make numerous and significant decisions regarding association management. Directors would not take on these volunteer responsibilities without protection from challenges to their decisions. Directors are […]
HOA Community Pools: Understanding D&O Insurance Coverage
Summer has arrived, the public is slowly emerging from state and local lockdowns, and community association and HOA pools across the nation are opening. Unfortunately, if it weren’t enough to deal with the uncharted territory Covid-19, we’re dealing with understanding how it affects the insurance world and policyholders. Homeowner associations and community associations need to […]
4 Tips to Prepare for a Community Association Cyberattack and Data Breach
Cyberattacks are increasing every week and hit every type of business. This means community associations, including, but not limited to, HOAs, Condos, and Coops, all of which are holding personally identifiable information such as names, emails, addresses, phone numbers, and financial account data. Many community associations are staffed partially or entirely by volunteers who may […]
Simple Ways to Avoid Community Association Lawsuits
Community association volunteer board members often bear the brunt of complaints and challenges when they change rules, make decisions, or pass special assessments. Many times, unhappy unit owners can go so far as to file claims and lawsuits against community associations and their board members. Even the most conscientious community association boards can find themselves […]
