2015 August
Focus on... Insurance/Board Training

Insurance
2015 August Insurance Decisions

Earthquake insurance is very common in California, for obvious reasons—but what about New York City? Tremors may be vanishingly rare here, but nonetheless, Arthur A. Schwartz's Manhattan condominium building has earthquake insurance, and he…

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Insurance
2015 August Homesharing and Insurance

In a city like New York, where even the most profligate among us may shed a tear or two at hotel room prices, the homesharing trend has grown by leaps and bounds, with more co-op and condo owners than ever renting out their units to short-s…

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Insurance
2015 August Property Insurance Basics

Property insurance, by definition, is a guarantee of compensation for a specific loss or damage to physical property or equipment. Within that broad and simplified explanation there is room for multiple interpretations—and more than enough …

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Insurance
2015 August Filing Insurance Claims

Boards and associations, just like individuals, carry insurance coverage to protect them from liability, loss and other financial and legal problems, although the issues may be a little different than the typical auto or single-family homeo…

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Insurance
2015 August Attracting New Board Members

With so many people leading busy, sometimes hectic lives that revolve around work, kids, social functions, and other obligations, it's often very difficult for co-op,  condo, and HOA administrators to find residents willing and able to serv…

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Board Operations
2015 August Conflicting Interests

It starts innocently enough. The plumbing in your building has been giving the residents grief: toilets constantly running, inconsistent water pressure and sputtering faucets. The reserves are low and the three quotes you got from plumbing …

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Insurance
2015 August Network Security & Privacy Liability

Data breaches can happen from hackers, employees, competitors, vendors or other third parties and can be intentional or accidental. It is well documented that even the best security systems are being hacked at an alarming rate. Most recentl…

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Insurance
2015 August Should I Stay or Should I Go?

There are approximately 3 million New Yorkers living in New York City’s 6 hurricane evacuation zones. This fall, should a Class 1 hurricane (74 mph) make landfall New York City will order the evacuation of those living in the most flood pro…

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Q&A
2015 August Q&A: Are residents allowed to see voucher payments?

Q  This question relates to vouchers. The management firm of our condo building will not let the unit owners see vouchers authorizing payments. They will only show us their internal ledger book. The Board of Managers does nothing to aid th…

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