2007 Aug
Focus on... Insurance

Insurance
2007 Aug Getting Dumped By Your Insurance Company

Simply put, insurance equals protection. Insurance will help protect your investment if your building is damaged or destroyed by fire or other causes. Public liability coverage will protect you if someone is hurt in the building and sues yo…

Read More
Law & Legislation
2007 Aug Unusual Insurance Claims

The world of insurance, although not necessarily simple, is usually cut and dry, not the stuff of excitement. While condos and co-ops have insurance for the common areas like roofs, stairways, lobbies and often the apartments as well, th…

Read More
Insurance
2007 Aug Reducing Liability in a Co-op or Condo

Insurance can be a hassle to deal with when it comes to your property, but failing to pay attention to the details of your policy could cost you money now and in the future. Knowing the specifics of your building's insurance policy, and als…

Read More
Insurance
2007 Aug Filing an Insurance Claim vs. Settling

Sometimes bad things happen to good buildings. It's just a fact of life. And sometimes, bad things happen to good buildings with an unforeseeable and unavoidable frequency. That is also a fact of life. Usually, when those bad things happen,…

Read More
Board Operations
2007 Aug Co-ops and Condo as Movie Sets

They torched cars and set fires throughout the park and around our building in 50 mile-per-hour winds. And, yes, the fire spread to unprotected areas. It may sound like a scene from a war zone, but that's actually a local resident's…

Read More
Insurance
2007 Aug Insurance and Your Contractor

Co-op buildings routinely require contractors to provide a Certificate of Insurance before any work is started either in a building or for individual shareholders. The managing agent or the shareholder will usually provide a list to the con…

Read More
Q&A
2007 Aug Q&A: Leak Costs

Q I live on the top floor of a co-op. Over the past three years water seeping through our parapet wall did considerable damage to one room in my apartment. Repairs were finally made. The walls and ceiling took two days to plaster and…

Read More
Q&A
2007 Aug Q&A: In the Dark

Q My family lives in a beautiful three-bedroom apartment on the first floor of an Upper West Side apartment building in Manhattan. Twelve months ago the co-op elected to begin a re-pointing project on the exterior of our building that w…

Read More
Q&A
2007 Aug Q&A: Evicting Renters

Q I live in a 140-unit co-op building. The building was built in 1961 and was converted in 1985 under a non-eviction plan. The former sponsor still owns about 20 percent of all the units. These units are either rent-controlled or rent-…

Read More
Q&A
2007 Aug Q&A: Policing the Board

Q Who checks up on the board? Does the board police themselves from within, or is the managing agent checking up on their actions? If the board makes a mistake, will the shareholders be notified? In what way is a board accountable to th…

Read More
Q&A
2007 Aug Q&A: Super Required?

Q I’m a shareholder in a co-op in Park Slope. The board has summarily decided that we no longer require a full-time, live-in superintendent. When I served on the board several years ago, I understood that a building had to have a partic…

Read More