by ednera | Feb 20, 2019 | Ask Charlotte |
"It is one thing to have requirements for owner insurance in the CC&Rs, obviously an important matter these days as such things as wildfires increase risk to entire communities. But it is another thing to assure compliance. Declarations from companies...
by ednera | May 3, 2018 | Ask Charlotte
A broker of record letter (BOR) is a document a board member or community manager (if applicable) can sign, that identifies one broker as the representative for an insurance policy. Signing a BOR in favor of a broker, gives that broker sole authority over the policy...
by ednera | Nov 2, 2017 | Ask Charlotte
Q: Recommendations can be a point of frustration. Sometimes we find ourselves surprised by recommendations after an insurance carrier inspects our properties. Any advice on how to avoid or get through them painlessly?A: When a carrier starts insuring a property, an...
by ednera | Oct 3, 2017 | Ask Charlotte
Individual homeowners policies, whether HO-3 (single family unit), HO-4 (landlord policy) or HO-6 (residing unit owner in a condominium or townhouse) can provide loss assessment coverage. Loss assessment coverage will pay for an amount of special assessment a unit...
by ednera | Oct 25, 2016 | Ask Charlotte |
When does a threat, complaint or situation become serious enough to warrant a D&O claim? This is by far one of the toughest things to consider as a Board Member or Community Manager. As your broker, we take a very conservative approach. We’ve seen numerous...
by ednera | Jul 19, 2016 | Ask Charlotte |
Answer: Associations should carry workers compensation even if they do not hire employees. Despite an association’s lack of employees or any direct payroll, the association may still be held liable and deemed an employer in some situations. Several recent court...
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