Insurance & Legal

Insurance Coverage

  • All risk management issues will be examined to determine adequate coverage's for the association, including Director and Officer insurance
  • Exception and exclusions will be identified to the Board to clarify any questions on possible claims
  • Costs and deductibles will be compared to similar Associations to ascertain possible savings

Statutory Requirements

  • State laws and regulations affecting Associations and Board of Directors are monitored
  • Changes in legislation impacting the Association's responsibilities and operations are discussed with the Board
  • Recommendations for amendments to the Declaration, Bylaws and rules and regulations are presented to the Board when needed

Declaration Issues

  • Conformity with the Association's Declaration, bylaws rules and regulations requites periodic reviews of policies and procedures of the Association
  • Changes and amendments to the formal Association documents entails a formal process of notice, hearings, and professional drafting of provisions
  • Ownership concerns on rentals, pets and community conduct may necessitate a Declaration modifications
  • Turnover of new construction and Developer issues are resolved

Revisions and Additions

  • Various formats for changes to Association documents are presented to the Board for their consideration
  • Assistance with information dissemination to the owners on proposed changes with the supporting rational
  • Participate at special meetings on amendment changes to enhance the Board's ability to obtain approval of desired changes

Delinquency Policies

  • Formalize collection policies for efficient and legal pursuit of delinquent accounts
  • Comply with the Federal Dept Collection Act by the Association and management company
  • Follow swift and accurate collection practices to assure financial stability of the association
  • Attend court with the Associations attorney for proof of past due amounts and formalization of Lien rights to protect the Associations's legal position
  • In rare cases, actual possession of the residential unit is obtained to satisfy a substantially overdue account

Certificates of Insurance

  • Where required, certificate of insurance are obtained from the owners to verify proper coverage on individual units
  • Certificates of insurance are required from all contractors doing work on the Associations's property
  • Copies of certificates are maintained and renewed at the management office

Workman's Compensation

  • No contractor is authorized to work on Association projects without adequate Workman's Compensation insurance as required by law
  • Uninsured personnel working on the Association's property will cause indeterminable liability and exposure to the Board

Legal Updates

  • Report on local, regional, state and national legislation affecting the Association's responsibilities
  • Pending and enacted laws, rules and regulations are presented and explained to the Board
  • Direct legal presentations by attorneys are arranged for the Board