Unprecedented wildfires brought sudden devastation and loss to Southern California in January. As wildfire recovery efforts begin, community association leaders need to consider what immediate actions to take while also ensuring they align with governing documents. They also need to be prepared to work with insurance providers and handle resident requests.
September marks National Preparedness Month and serves as a reminder that timely preparation for natural disasters will help keep communities and families safe. Community associations should adopt comprehensive plans to prepare for, respond to, and recover from hurricanes, wildfires, floods, and other natural disasters. They also should educate their homeowners.
Over the past year, most of the country has felt the effects of a hardened insurance market. Community associations are seeing fewer insurance options, experiencing more scrutiny regarding what insurance companies will write, and getting forced to find coverage more often in the surplus lines market. As community associations look at their insurance premiums and consider renewal, experts recommend seven steps for finding the best coverage.
Disaster recovery efforts can be complicated even without a challenging insurance market. Valencia on the Gulf, a condominium community nestled on the normally picturesque beach in Venice, Fla., was among the many neighborhoods that got hammered by Hurricane Ian. Under the leadership of its community manager, Valencia is well on its way to recovery.
The past few weeks have brought multiple natural disasters to several parts of the U.S. Last week, tropical storm Hilary’s unprecedented landfall brought powerful winds and heavy rains, reminding community association leaders to evaluate their disaster preparations.
