Insurance in community associations: Who covers what?

Insurance in community associations: Who covers what?

Community associations are typically required to maintain some level of insurance to protect the association, its members, and shared assets from the risk of financial loss. These requirements are shaped by governing documents, laws and regulations, lender requirements, and best practice. One of the most common — and consequential — questions in community associations is about how insurance responsibilities are divided. Who covers what?

Preventive maintenance: 6 steps to secure a safe future for your community

Preventive maintenance: 6 steps to secure a safe future for your community

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.

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