Expert guidance on condo association insurance, Florida law, hurricane preparedness, and protecting your community — from Peter Romeo and the team at Business Risk Advisors.
Following the Surfside collapse, Florida enacted sweeping new legislation under Senate Bill 4-D requiring structural inspections and reserve funding for condo buildings 3 stories or taller. Here’s what every board member needs to know about how these changes affect your insurance program.
Read Full Article →The difference between RCV and ACV coverage can mean hundreds of thousands of dollars after a major loss. Here’s what every South Florida board needs to know.
Why does your premium keep rising? A plain-language explanation of exactly how carriers calculate your premium — and what you can do about it.
Loss assessment coverage protects unit owners when the association levies a special assessment after a major loss. Most HO-6 policies don’t have nearly enough.
The decisions your board makes in the first 24 hours after a storm can significantly affect your insurance claim outcome.
A plain-language guide to every key section of your policy — from the declarations page to exclusions and endorsements.
Flood is excluded from standard property policies but is one of South Florida’s biggest risks. A complete guide to NFIP and private flood coverage.
South Florida’s aging condo buildings face unique insurance underwriting challenges. Here’s what carriers look for and how to position your building for coverage.
A step-by-step guide for South Florida condo boards considering a switch — timing, evaluation, and process best practices.
A complete guide to special assessments — the legal process, insurance connections, and how to protect your board.
Florida’s new mandatory reserve funding requirements affect every South Florida condo association. Here’s what boards need to know.
Florida carrier non-renewals are hitting South Florida associations hard. Here’s exactly what to do when your carrier exits the market.
Proven strategies to reduce what your association pays for insurance — from wind mitigation to smarter deductible planning.
Before the next storm threatens South Florida, make sure your association has these 10 critical items in place — from policy review to emergency contact lists.
One of the most common sources of confusion for condo owners is understanding what the association’s master policy covers versus what their individual HO-6 policy should cover.
Volunteering for your condo board is a generous act — but it comes with real legal exposure. D&O insurance protects board members from personal liability for decisions made on behalf of the association.
After reviewing hundreds of condo association policies across South Florida, these are the five most common gaps we find — and how to fix them before a claim reveals the problem.
When a hurricane or tropical storm damages your building, the claims process can be overwhelming. Here’s a step-by-step guide to protecting your association’s rights and maximizing your recovery.
With South Florida construction costs rising sharply, many condo associations are carrying far less coverage than they’d need to fully rebuild after a major loss. Here’s how to know if you’re at risk.