Recently our books filled up with reserve studies quicker than ever, mostly because budget season is upon us with most condo associations starting their budget sessions in October. Recently our …
Tag: Condo Associations
How Condominium Associations should select an Insurance Agent
Many of my clients still believe they should get as many bids as possible from insurance agents for their flood and wind coverage. During my site visits and inspections I …
Buyer Beware – Or Why Condominium Insurance Purchase Is Not The Same Any Longer
The recent decision in the 4th District Court of Appeals case “Citizens Property Insurance Corporation vs. River Manor Condominium Association Inc.” sheds new light on F.S. 718.111(11)(f). Condominium association from …
Reserve Studies Demystified- Ideal Reserves vs. Fully Funded
Reserve Studies Demystified (Blog 3 of 4) Ideal Reserves vs. Fully Funded My clients frequently ask me, “What really are ideal reserves and what does it mean when a component …
Reserve Studies- Budgeting Methods Demystified
Reserve Studies Demystified (Part 2 of 4) Non-Pooling or Pooling? Straight-Line or Cash Flow? That is the question! Pooling and non-pooling budget concepts are often misunderstood and misinterpreted. CPAs usually refer …
Florida Condo Law Changes 2011
Welcome back Condo and HOA boards! The season starts with some wonderful autumn weather after a very hot summer. To get you prepared for the upcoming season and your board …
Does your building need an ISO inspection?
First, let me clarify what ISO stands for: The Insurance Services Office (ISO) is a leading source of information for risk management in the insurance industry. ISO provides information for …
Construction seaward of the Coastal Construction Control Line (CCCL)
In an Insurance Appraisal it is important to find out, if the subject property is located seaward of the CCCL, because the reconstruction most likely will be burdened by the …
Appraising from Blueprints
Using the construction plans for an insurance appraisal is like a second leg to stand on instead of trying to balance on just one leg. If an appraiser inspects a …
Citizens sets Standards for Insurance Appraisals
Citizens sets Standards for Insurance Appraisals With its agent technical bulleting issued in July of 2010, Citizens raised the bar for the quality of insurance appraisals which every condo association …
Good Insurance Reports make the Insurance Agents’s life easier
Florida law requires condominium associations to have an appraisal prepared every three years to establish the insurable value of the building and site improvements. Two professionals serve the association to …
