2014 August
Focus on... Insurance/Board Training

Insurance
2014 August When Waters Rise

According to a 2013 poll by the Insurance Information Institute, only 13 percent of American homeowners have some sort of flood insurance policy, and those living in New York City are low on that list. After all, New York City certai…

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Insurance
2014 August Identifying Insurance Options

You can’t underestimate the value of insurance. In a simple analogy, operating a business—or the day-to-day business of a co-op or condo—without adequate insurance coverage is a lot like skydiving without a parachute. Needless to say, it’s…

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Insurance
2014 August The ABC’s of Insuring Your Co-op or Condo

Sometimes insurance and the terms that accompany it can feel like a completely foreign language. It can be mystifying and overwhelming, whether for individual co-op or condo residents or the board members who oversee the community as a who…

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Insurance
2014 August To Claim, or Not to Claim?

Individuals, associations and other entities carry insurance coverage to protect them from liability, loss, and other financial and legal threats—that's pretty basic. What isn't always so basic is deciding when to file a claim versus payin…

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Board Operations
2014 August Who’s Responsible for Repairs?

Say you’re in bed and you hear what sounds like the shower going, but it's late, and you're tired, so you pay it no mind. You wake up at 4 a.m. to get a glass of water, and find half the rooms in your apartment flooded— you forgot to turn …

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Board Operations
2014 August Monster Meetings

The headline of a recent Walpole, Massachusetts newspaper article reads: “Fight between Walpole selectmen cuts meeting short.” The first sentence of the article stated, “Selectmen came to verbal blows on Tuesday night, prompting other boar…

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Maintenance
2014 August A Winterizing Maintenance Guide

In terms of wear and tear on buildings, winter is the harshest season of the year. Snow accumulation and ice damming on roofs can be a major headache, pipes freezing and bursting could spell disaster, and just about any accumulation of wat…

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Insurance
2014 August Fidelity Bond Insurance

Protection against embezzlement, fraud, theft, computer crime, forgery and more are just the tip of the iceberg when it comes to crimes at community associations across the United States. During challenging economic times, crime goes up an…

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Q&A
2014 August Q&A: Setting Aside Accessible Parking

Q Who owns the handicapped parking spaces set aside in the parking facility of a newly constructed condominium? —Keeping it Accessible in Kings County A “Sponsors of newly constructed condominiums are responsible for creating th…

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Q&A
2014 August Q&A: Taking the Fifth

My association's documents say that the board must consist of five total members. This past election, only four people ran and got elected. Does the new board then have to appoint another member? If they choose not to for some reason, can a…

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