Category: Insurance

Insurance Homesharing and Insurance
2015 August Homesharing and Insurance

In the tri-state area, where even the most profligate among us may shed a tear or two at hotel room prices, the homesharing trend has grown by leaps and bounds, with more co-op and condo owners than ever renting out their units to short-st…

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Insurance Insurance Decisions
2015 August Insurance Decisions

From equipment failure and personal injuries to tornadoes and tropical storms, disasters happen. Any condominium association worth its salt knows that it needs to be prepared for a rainy day. A great chunk of that preparation is insurance.…

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Insurance Fidelity Bond 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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Insurance Who's Responsible for Repairs?
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 To Claim, or Not to Claim?
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 The ABC’s of Insuring Your Condo
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 When Waters Rise
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 Contractor Coverage & Liability
2013 August Contractor Coverage & Liability

All professional contractors and service providers are required by law to carry insurance to cover their activities. Any condo building should also carry its own insurance to cover accidents or other incidents on the property—this could…

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Insurance Insuring Honesty and Integrity
2013 August Insuring Honesty and Integrity

When you decide to run for a board, you’re usually thinking about all the great changes you’re going to make to your building community, along with all the time and effort that you’re prepared to sacrifice for the good of your home. …

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