The central event in the business operation of any community is the meeting of the board of directors. Whether the board meets monthly, quarterly, or somewhere in between, this is where all of the work of the many volunteers and professionals involved in the operation of the community is weighed and the decisions made that affect every member of the community.
Oftentimes, these meetings can feel unproductive or unsuccessful; however, certain practices and preparations can lead to better attended and more effective meetings for your association.
In order to make the most of the time available and get the most out of your meeting, everyone involved needs to be on the same page and focused on the business at hand. Pre-planning and proper preparation of meeting materials will help keep everyone moving forward. Read more
Did you know that water damage is one of the most commonly cited claims on home insurance? This should not come as a total surprise considering the many possible causes of water damage – heavy rain, bursting of pipes, and the bathtub accidentally overflowing. After making sure that you and those you live with are safely out of harm’s way, here are five important steps you should take if you experience water damage in your home. Read more
Tags: Claims, Home Safety, Mitigating Loss, Personal Insurance, Water Damage
Insurance analysts predict modest rate increases for property and casualty risks will extend into 2013, as the overall economic environment is not expected to change dramatically in the coming year. Read more
Tags: 2013 Insurance Rate Changes, Commercial Insurance, Insurance Industry, Insurance Rates, Workers' Compensation, Workers' Compensation Rates
Well, here we are, it’s that time of year when we start receiving calls from our condominium association managers and Boards of Directors requesting us to pull out our crystal ball and provide them with their 2013 insurance budgets! Have you been wondering what you can expect in 2013? In this month’s Insurance Insight, we’re breaking down what you can expect as you begin the planning process.
When we prepare a budget for any association, it is primarily for the purpose of providing you with the most accurate “indication” of possible insurance renewal premiums utilizing our knowledge of the most current market conditions and trends. Our goal is to properly protect the assets of the association with financially viable insurance at the most competitive cost. Budgeting, requires that we take a closer look at your policies, coverages, appraisals, and market conditions and then project our best estimate of where the costs will be at your next renewal. … Read more
Tags: Board Members, Condo Associations, Condo Insurance, Insurance Budgets, Property Managers
Does your current disaster plan take account for items that may not be covered under your insurance policy?
Many associations know by now that in the event of a hurricane or windstorm event, they will have a large deductible that may be two, five, or even 10 percent of the coverage amount, but what about those items for which the policy does not provide coverage? … Read more
Tags: Condominium Assocations, Disaster Plan, Hurricane, Property Not Covered, Property Policies