Category: Insurance

Insurance
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
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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Insurance
2012 August Home Sweet Homeowner's Insurance

 I think there’s this mindset when they buy a condo that they’re not responsible for anything,” says Robert Masse of W.T. Phelan Insurance. As a quarter-century veteran of condo insurance, the Arlington,  Massachusetts-based Masse has ofte…

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Insurance
2012 August Mind the Gap

 Too often, association boards—and condo residents—discover serious coverage gaps in their insurance policies in the face of a  claim. And often, the gap occurs when neither group wants to pay a high  deductible.    In recent years,…

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Insurance
2012 August Insurance Fraud!

 When fraud is discovered in the context of community associations, or any  non-profit, it usually takes shape as embezzlement over many years by a trusted  member or employee. Insurance companies that defend non-profit clients from  fraud…

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Insurance
2012 April The Insurance Puzzle

 Insurance sounds like a simple concept: you pay a premium to your insurer, and  then when you file a claim, your insurer pays you. Simple. Insuring a  condominium or association property shouldn’t be much different than insuring yourself—…

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Insurance
2011 August Value Engineering

 During the 1940s, Willie Sutton developed a lucrative niche of robbing banks.  During his unapproved withdrawals, he sometimes made use of ingenious  disguises. Those were the days when grand larceny took place in a bank lobby  rather tha…

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Insurance
2011 August NAMIC

 The National Association of Mutual Insurance Companies is the largest and most  diverse national property/casualty insurance trade and political advocacy  association in the United States.    “We are a full-service trade associatio…

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Insurance
2011 August Getting the Facts

 Congratulations. You have been chosen to help lead your community on a small  governing body that will determine the major policy decisions affecting  everyone who lives in your community. From finances to rules enforcement to  selection …

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Insurance
2011 August On Your Side

 Imagine the panic that sets in when a home is lost or damaged. Now imagine  navigating through that fear alone. Whether it’s fire or flooding or the violent effects of a storm, anything that damages or  destroys a home will have a lasting…

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