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Category: Insurance

Insurance Image illustration of purchasing an apartment
2025 August Assessing Your Community Insurance Policies

Insurance is a topic that seems to evoke one of two feelings: boredom in the best of times, and dread in the worst. It’s both complicated and expensive, frustrating yet necessary, mundane yet stressful. It’s also one of the most important d…

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Insurance Financial Crisis, Economic, Business Risk Management Concept. Risk word on wooden block, domino effect falling to family. Concept Risk, Crisis, Management, Assessment, Insurance, Security, Finance
2025 August Don’t Lose Your Insurance Coverage

As noted elsewhere in this edition of New England Condominium, all types of properties, including condo, HOA and co-op communities, are experiencing steep increases in their insurance premiums while coverage is being reduced. Some are seein…

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Insurance Toy house and calculator with copy space. Property, home insurance, buy, sell and rent concept.
2025 August The Insurance Landscape

Over the past few years, nearly all property owners, including shared interest communities, have seen sharp increases in their insurance premiums. That costs have spiraled and coverage gotten harder to obtain is obvious. The questions are, …

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Insurance Businessmen balance himself on percentage signs. Central bank money policy for inflation or interest rate, balance between profit and loss, financial challenge or risk, economic recovery concept.
2024 August Rising Insurance Premiums

Over the past few years, operating expenses for everything from fuel to labor to the cost of cleaning supplies have been steadily rising—and disrupting co-op and condo association budgets—all over the country. The premiums for properly insu…

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Insurance Confident businessman with three umbrellas concept for more than adequate ample insurance cover or failsafe backup plan
2023 August Adequate Community Insurance Coverage

The topic of insurance can provoke fear in the most steadfast of board members. It’s both terrifying in what its purpose implies, and yet at the same time mind-numbingly boring. It’s also one of the most important components in protecting o…

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Insurance Wooden houses with yellow arrows up. housing boom, property market growing, high demand for real estate, house prices rising concept
Insurance Premiums Skyrocket

Inflation has hit the insurance building insurance industry in a big way.  And according to a recent survey conducted by the Foundation for Community Association Research (FCAR), skyrocketing premiums are putting serious financial pre…

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Insurance Tiny wooden houses and question mark. Home valuation and selection.
2022 August Insurance in the Multifamily Setting

Insurance coverage and the inevitable claims that coverage defends against are a fact of life for multifamily residential communities. In that setting, it’s critical for all parties to understand whose policy covers what, and under what cir…

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Insurance Yellow caution sign with black hurricane symbol, stormy sky in background
Hurricane Season is Here

From flood waters and property damage to power loss and spoiled food, coping with the aftermath of a powerful storm can be very troublesome for co-op and condo community board members, owners, and tenants. Therefore, during the Atlantic Hur…

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Insurance Hurricane season incoming
Hurricane Season is Here

From flood waters and property damage to power loss and spoiled food, coping with the aftermath of a powerful storm can be very troublesome for co-op and condo community board members, owners, and tenants. Therefore, during the Atlantic Hur…

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