Condominium Associations

On March 14, 2018, Caribbean Adjusters International hosted the “Condominium Insurance Forum” at the Marriott Hotel in San Juan, Puerto Rico. The forum was divided in two groups of panelists formed by adjusters, brokers, producers and local attorneys with special guest speakers such as Puerto Rico’s Insurance Commissioner (via Skype) and our own William “Chip” Merlin. Important topics were discussed related to claim issues for condominiums on the island.

Continue Reading Caribbean Adjusters International Hosted Condominium Insurance Forum in Puerto Rico

Some Florida condominium association board of directors might find themselves in the situation where they have adopted special assessments to pay for repairs related to Hurricane Irma. This might occur if the condominium’s master policy covers a loss, but the damage exceeds the coverage available in the building insurance policy. In this situation, the association may seek from individual unit owners a shared portion of the coverage that the underlying association insurance was insufficient to cover.

Continue Reading Loss Assessment Coverage for Florida Hurricane Irma Damages

Continuing my state-by-state review of mandatory condominium insurance requirements, this post will look at the Mountain State, West Virginia, whose motto is Montani semper liberi (Mountaineers are always free).

Continue Reading Is Your West Virginia Condominium in Compliance with the Law? Mandatory West Virginia Insurance Requirements

In Tennessee, once the first unit of a condominium is conveyed, the condominium association must purchase an insurance policy. Associations should look to the Tennessee Code §66-27-413 to see what the insurance policy is required to cover.

Continue Reading Is Your Tennessee Condominium in Compliance With The Law? Mandatory Tennessee Insurance Requirements

One of the most frequent questions posed to us surrounds the requirements surrounding notice of membership and board meetings. While the Colorado Common Interest Ownership Act does not require notice of board meetings to membership, Section 38-33.3-308(1) does outline certain requirements with respect to notice of annual or special membership meetings of the unit owners. Therefore, it is important to understand the specific requirements of the Act with regards to notice of these meetings.

Continue Reading Colorado’s Notice Requirements for Meetings of the Board and Membership

Continuing my state-by-state review of mandatory condominium insurance requirements, this post will look at the state of Virginia, known as the "Mother of Presidents" because it is the birthplace of eight U.S. Presidents.

Continue Reading Is Your Virginia Condominium in Compliance with the Law? Mandatory Virginia Insurance Requirements