The collapse of Champlain Towers South in Florida wasn’t just a tragic event, it was a wake-up call for community association and maintenance plans and programs. Since then, insurers have gotten stricter, lenders more cautious, and lawmakers busier than ever. With a little discipline and a plan, you can lead your community safely to the summit. Get started with a six-step preventive maintenance plan.
Tis the season for community associations to come alive with lights, decorations, and special events. With some preparation, an HOA holiday can bring together neighbors, friends, and family. Community association leaders should brush up on and, if necessary, refresh their decorating guidelines to ensure a season of cheer for everyone.
Developing and implementing well-crafted policies is a cornerstone of successful association governance. Thoughtful policies protect the association and enhance the overall quality of life for residents. Boards should have clear policies and procedures for governing operations, decision-making processes, rules enforcement, and financial management.
Community association boards can take steps to improve their chances of securing better premiums by using some simple yet practical insurance bidding strategies. During a recent CAI webinar, insurance professionals outlined several relatively easy steps boards can take to save money and protect homeowners’ investments when seeking insurance policy renewals in a hard market.
New community association board members often need to hit the ground running, but it’s also incredibly important to set aside time to understand the inner workings of the association. When new board members become familiar with the players, governing documents, budget, reserve study, and more, they can confidently guide the community and fulfill their responsibilities.
