Boards and managers have a lot on their plates but as these insurance pros point out, it pays to be aware of potential exposures that can cost your co-op or condo in the long run.
Title insurance is unique among all other forms of insurance. For example, other insurances guard and secure the holder against future loss, such as life insurance against death; health insurance against illness; and car insurance against …
The insurance industry is like any other — it's constantly evolving, with new products and ideas coming to market all the time. To keep up with what's new — and what could be of use to you and your co-op or condo community — it's impo…
With the glut of new condo construction over the last few years, it can be hard for older buildings to keep up with the newer construction. This is especially true when a lot of these new buildings have amenities that the older buildings co…
Q. Over the last few months, I’ve started to notice leaks coming from our roof. After repeated requests to management about getting it taken care of, they have done nothing, and the problem is starting to show signs of getting worse. Can …
Exteriors of buildings, including condo and HOA buildings, aren’t always smooth brick walls. There are all sorts of indentations and protrusions, from terraces to stonework to cornices. There are also items that are not part of the building…
We all hope for good neighbors when we move into a new building or community. The same is true for commercial properties in residential buildings. Making a good match, one that benefits both the commercial tenants and unit owners, can go a …
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 …
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…
For co-ops, condos, and HOAs, insurance premiums are some of those quiet necessities that tend to fly under the budgetary radar until it is time to examine the bottom line, provoking a search for savings. Without a doubt, insurance e…