Managing an association can be challenging enough for experienced association managers and Board members before having to understand how insurance coverage can come into play for your association -- whether is has been newly constructed or on the National Register of Historic Places in your municipality.  Knowing the age and condition of the roofing on your buildings, and how [...]

  We had a great time at the CAI Trade Show in Saint Louis and we are grateful for all of the Board members, unit owners, business partners and colleagues who stopped by our booth to talk about the current insurance market for associations, how a Board can best prepare for an upcoming insurance renewal, or learn more about our [...]

  It’s budget season, and community managers and board members are all asking the same question—What will our insurance costs be for the upcoming year? In past years, we were able to provide a somewhat accurate estimate for the upcoming renewal. However, budgeting for insurance costs has become an increasingly intricate task. This year more than ever, it’s nearly impossible [...]

While the Corporate Transparency Act may not directly impact an association's insurability, it will have an impact on every association in the United States and Community Associations Institute (CAI) is working hard on efforts to prevent or greatly lessen the impact of this from going into effect January 1, 2025.  For more information on the Corporate Transparency Act, please click [...]

  As we are slowly approaching fall weather, the topic of trees and may be coming to mind as you start to think about leaf cleanup as an association manager, or as a Board member wondering about the health of that beautiful oak tree next to your condominium building.  For some additional insight on this, click on the link below [...]

  We are back at it again!  This time we will be at the CAI Annual Trade Show/Expo at the Sheraton Lakeside Chalet in Saint Louis, Missouri on Tuesday, August 13th from 4 to 7 PM. There will be an educational session for Board members/Trustees from 4 to 5:15 PM titled “Financial Dire Straits:  You are note alone!”.  One of [...]

We had a great time at the CAI Trade Show in Kansas City and we are grateful for all of the attendees who stopped by our booth to talk about the current insurance market for associations or learn more about our new website. Click on the link below for more on this on LinkedIn: CAI Trade Show - Daniel [...]

  Sharing an article posted through Carrier Management online regarding losses in 2023 to homeowners insurance policies.  Click the link below to learn more on the weather related impact on these losses and what parts of the US were hit harder than others: AM Best: No Relief for Homeowners Line Hit With $15.2B U/W Loss in 2023  

For anyone living in a community association, especially in a condominium association, it is crucial to keep everyone informed about significant developments that directly impact the community and its financial management.  In recent times, the property insurance landscape has undergone substantial shifts and challenges that are influencing premiums, coverage, and the overall availability of insurance policies for a condominium association. These [...]