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Should You Study How Your Homeowners Association Stacks Up to Nearby HOAs?
January 2012
An owner reports online that her homeowner association commissioned a study to see how it compared to nearby HOAs in terms of amenities, services, costs, and market value. Should your HOA commission such a study? Where do you find a vendor to conduct such a survey? And are the results of such a study open to owners' review, or can you keep them confidential? Here are some answers. . . . keep reading
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HOA Insurance Coverage: What's the Right Amount? Discussion Forum Follow-Up
June 2011
A reader asks, "Our HOA has 22 units with no swimming pool, tennis courts, playground, club house, etc. We now have $1 million per occurrence and $2 million aggregate on our general liability insurance policy and a $5 million umbrella policy. What do most HOAs our size and situation carry on general liability and umbrella? We're discussing the possibility of increasing the general liability to $4 million/$2 million and dropping the umbrella or keeping the general liability of $2 million/$1 million and reducing the umbrella." . . . keep reading
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Can Your Lender Buy HOA Insurance and Charge Your HOA for It?
May 2011
HOA boards beware: If a lender holds a mortgage on your HOA property or on an owners' property, it can enforce its requirement that your HOA carry adequate insurance coverage for its assets--regardless of whether you want that coverage or can afford it. Here's what you should know about this practice so that you can protect your HOA and avoid spending unnecessary money. . . . keep reading
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HOA Insurance: What You Need to Know -- Part 1
April 2011
The cost of insurance can hamstring an HOA. That's why it's important to understand HOA insurance basics so you and your board of directors can intelligently evaluate insurance bids. Here, in part one of a two-part series, we explain how to determine what coverages your HOA must have, how to determine the value of the property you must insure, and extra coverages to consider. . . . keep reading
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What to Do When Your Vendor Breaches Your HOA Contract
March 2011
When one of your vendors suddenly makes demands not included in your contract, what are your remedies? What if your landscaper, under contract, suddenly demands you pay double? Can you terminate the contract immediately? Are there times when you have to renegotiate? Here, we provide answers. . . . keep reading
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HOA Insurance Mistakes: Steer Your Homeowners Association Clear of These Insurance Pitfalls
April 2009
One simple mistake can become costly when it involves insurance. You could end up overpaying for coverage you don't need--and who has extra money to throw away in this economy? Or you could learn that you don't have the coverage you thought you did when faced with a costly repair. Here, experts identify the mistakes associations can make when it comes to insurance and offer tips for avoiding the missteps. . . . keep reading
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Quail Ridge Owners' Association
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Palmer's Landing HOA
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CAM, CMCA, AMS, PCAM
Past Chairman of the Florida Community Association Living Study Council
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Past Vice-Chairman of the Advisory Council on Condominiums County Court Mediator
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1102 Avenue X HOA
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Whispering Pines West HOA
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