(*Chip Merlin’s Note: This guest blog is by John Nixon, President and founder of Asperta, Ltd., an independent consulting firm focused on improving the quality of property insurance decisions by policy holders, agents, brokers, underwriters, reinsurers and investors.)

If you follow the insurance press, you’ve probably seen articles describing the favorable results of year-end treaty reinsurance renewals and consequential expectations of reduced pricing and improved terms for account renewals in 2014. The good news for condominium association boards is that it shouldn’t be difficult for most accounts to get improved property renewal terms.

Continue Reading Clarify Your Property Insurance Renewal Objectives

(Note: This guest blog is by Andrew Smith, a certified roof inspector with Roof Leak Detection Company, Inc.1)

Hailstorms are one of the most unpredictable natural disasters that occur throughout the country, primarily, but not limited to, the Midwest and Central states. These storms tend to be semi-seasonal, spontaneous, and typically without warning. When a hailstorm strikes, we seek shelter and enjoy at the spectacle being played out before our eyes. The sound of the impacts pound like a beating drum against the roof flinch at the sound of each thud, and after the storm we go outside check out the damage. We see damaged trees, a carpet of hailstones blanket the yard, and numerous small dents on the hood of your car. So you think to yourself: “Why call the insurance company? They would just come out, take a quick look at my car and tell me that the hail wasn’t big enough to cause real damage. It’s nothing that a wash and wax couldn’t fix. Maybe my rates would increase and they might even drop my coverage.” You don’t take any pictures, go back inside and forget all about it.

Continue Reading Hailstorm Damage to Commercial and Residential Roofing Systems

(*Note: This guest blog is by Steven M. Thomas, President of Roof Leak Detection Company, Inc., a Certified Testing Laboratory located in South Florida which specializes in testing and consulting services for commercial and industrial properties).

On numerous occasions I’ve had the unfortunate burden of informing building owners that their roofing system is no longer repairable and must be replaced. This revelation, that the roof must be replaced, becomes a big surprise when the tenants of the building report that the roof is not even leaking. “How can that be?” is usually the first question that is asked. Why must it be replaced!?

Continue Reading If a Roof Doesn’t Leak, is it Damaged?

(Note: This Guest Blog is by Steven M. Thomas, president of Roof Leak Detection Company, Inc., a Certified Testing Laboratory located in South Florida which specializes in testing and consulting services for commercial and industrial properties).

Severe weather events such as tornados can result in significant property damage. Structural damage can take many forms – some are obvious and others are less visible. But they can all present significant safety risks and must be identified and addressed immediately.

Continue Reading Discerning Tornado Damage After A Storm

(Note: This guest blog is by Steve Thomas, president of Roof Leak Detection Company, Inc., a Certified Testing Laboratory located in South Florida which specializes in testing and consulting services for commercial and industrial properties).

The past few years have taught building owners, property managers, and condominium managers an uneasy lesson about roofs. Most have discovered that if their roofs fail, they may still face a fight with their insurance company to recoup their losses. This dilemma can be avoided in many instances if one simple rule is followed: Document the condition of your roofing system.

Continue Reading How To Protect Your Roofing Investment