The past few years have seen association insurance premiums rise dramatically. Whereas deductibles on association policies were typically $1,000 not many years ago, today it is more common for associations to have $2,500, $5,000 or even $10,000 deductibles. As insurance deductibles continue to increase, associations are reviewing how to allocateAllocating Insurance Deductibles

Since 1900, according to the California Earthquake Authority (CEA), earthquakes have stricken 39 states and have caused damage in all 50 states, with 5,000 quakes felt each year. On April 18, 1906, the infamous earthquake and fire that devastated San Francisco was deemed one of the worst natural disasters inEarthquake Insurance for Individual Condo Unit Owners

SCHEDULING ITEMS UNDER YOUR HOMEOWNERS INSURANCE Perhaps it's the latest electronic gadget or large screen hi-def television, or new sporting goods gear or maybe a piece of sparkling jewelry. If you happen to receive or purchase a particularly expensive item, you may consider purchasing extra protection, just in case. Why would IScheduling Under Homeowners

Understanding the scope of association insurance coverage is basic to protecting the vital interests of the owners. Do you understand what the association’s duties are when a fire, windstorm or burst pipe damages the common elements or unit interiors? The association’s insurance duties are addressed in the governing documents (sometimes calledAreas of Responsibility

Understanding Condominium (Condo) Insurance Condominium insurance is a special insurance designed to fit the specific needs of condo owners. Condo and renters insurance are similar because they both provide personal property and liability protection. However, condo owners need to take into consideration additional coverage for the building based on their condominiumUnderstanding Condominium (Condo) Insurance