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Category: Risk Management

Helping you understand community association business with industry leading insight.

Mitigating Financial Risk

Mitigating Financial Risk: Reserve Studies, Lending, and Insurance

In the ever-evolving landscape of community associations, one trend is becoming increasingly apparent: lenders and insurers are focusing on reserve studies. Traditionally overlooked and used as an internal planning tool, reserve studies are now capturing the attention of external individuals and institutions, particularly lenders and insurance companies.

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Concrete Spalling

Aging Infrastructure – Knowing What’s at Stake

Too often with aging buildings, maintaining aesthetic elements becomes more important than maintaining building integrity. Understanding your aging infrastructure’s ins and outs, board liability, insurance, and practical steps for your board or association to take are all part of the world of building and community management.

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Storms

Insurance Appraisals Minimize Risk

We are all much more familiar with insurance appraisals as it relates to buying our individual home, but there tends to be less clarity around the function of an insurance appraisal as it relates to homeowner and condominium associations. 

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