2009 August
2009 August Vol. 7 No. 8
Focus on...Insurance
Filling the Gaps
Afire sweeps through a row of condominiums, some of them partially-built units
that were caught in the financial downturn. What happens when empty condo
units, finished or otherwise, suffer damage? Who pays to rebuild them?
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Riding Out the Storm
As homeowner insurance costs continue to escalate in the coastal regions of New England, it has become harder to successfully wade through the morass of deductibles and
policy lingo on storm insurance coverage. But with a little knowledge and
shopping around, you can balance adequate coverage with reasonable expense,
leaving your condo sufficiently protected when storms darken the horizon.
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Injured on the Job
The roof of your condominium survived relatively unscathed through yet another
New England winter (OK, there was that one leak), but the condominium board has
unanimously agreed that it's time to reshingle.
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Missing Money
With the economy in the throes of the worst financial crisis in decades, it’s no wonder that the world’s second oldest profession – thievery – is on the rise. The nefarious Bernie Madoff and others of his ilk have highlighted the
vulnerabilities of all businesses to criminal activities, even ones that have
been, historically, safe – including condominiums.
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Provincetown Massachusetts
Pop quiz: Where did the Pilgrims first land in America?
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Q&A: Clubhouse Rental Results in Legal Exposure for HOAs
I live in a 133-unit HOA with a nice clubhouse. The residents of the HOA are allowed to rent out the clubhouse. My question is, can a clubhouse be rented out to persons not living in the community? We are looking to bring in a little extra income. However, our insurance company will not cover us if we choose to do this, and wants to charge us extra per day to be able to rent out the clubhouse. What if a certificate of insurance was provided by the party renting the space? What are the possible liability issues? Read More
