Category: Insurance

Insurance
2012 August Mind the Gap

 Insurance is designed to be there for us when we need it most. Without knowing  the full extent of our coverage, though, we may find ourselves with less  protection than we thought. For condominium owners, it is imperative to  understand …

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Insurance
2012 August Insurance Fraud!

 Last year the co-owners of a Chicago realty company that managed dozens of  condominium properties were charged with fraud for stealing more than $2  million in assessment payments between 2005 and 2008. They trio covered up  their fraud …

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Insurance
2012 April The Insurance Puzzle

Insurance is a relatively simple concept that any homeowner can understand. You purchase a policy paying a premium to an insurer, and when a claim gets filed, the insurer pays. So in theory, insuring a condominium or association propert…

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Insurance
2011 August Know Your Board

 You may not know the name of your local alderman, or even your state  representative—plenty of polls have shown that many people don't. Politicians are one thing,  but when it comes to the people running your condo building or homeowners …

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Insurance
2011 August Learning the Ropes

Co-op and condo board members usually are volunteers who live in the building and contribute their time and expertise to help their community. Ideally, they ensure that the building runs well and efficiently, and that residents’ investm…

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Insurance
2011 August The More You Know...

 Meet John Anderson. He is your friendly association board member. He doesn’t know much about being on a board. He simply wanted to help his community, and  he’s very willing to learn. And then there’s Anne Davis. She has been a member of …

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Insurance
2011 August From Health Clubs to Hot Tubs

 Pools, hot tubs, saunas and gyms are big-ticket, high-demand amenities. They add  value and enjoyment to properties without question—but they also come with major considerations when it comes to insurance  coverage.    A condominiu…

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Insurance
2011 August Not Your Grandfather's Policy

 Recent developments, both legislative and environmental, have led to  considerable changes in the Illinois insurance marketplace. And such changes,  as managers know, often lead to added paperwork, confusing requirements, and  tricky lega…

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Insurance
2011 August For Every Season

It's no secret that the insurance industry is big business; there are approximately 2,000 companies competing for market share, which means that co-op, condo, and HOA boards have their work cut out for them when it comes to understandi…

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