Can an HOA Require Homeowners Insurance?
The short answer to this question is yes, HOAs can require individual property owners to have homeowners insurance as long as the Declarations of the HOA address it. This blog answers some common questions
Merlin Law Group, P.A. Blogs
Latest from Merlin Law Group, P.A.
Beware of Claims Deadlines! Florida Condominiums Have Supplemental and Reopened Claims Statute Deadlines
Florida is the only state to address and provide a statutory definition for a “re-opened claim” or a “supplemental claim.” Florida’s law is not a consumer protection law. Instead, it is an insurance company protection law. The current edition of Florida’s Supplemental
Colorado’s FAIR Plan Expands Safety Net for At-Risk Properties
As Merlin attorney Jonathan Bukowski previously discussed, the Colorado Common Interest Ownership Act (CCIOA) sets forth specific minimum insurance requirements for common interest communities, such as condominiums and homeowners associations (HOAs). These requirements are designed to ensure that common elements
Understanding the Interplay Between an Individual Unit Owners’ Policy and Their HOA Policy is Crucial for Submitting Condominium and Townhome Claims in California
Of the 39 million potential insureds making up California’s population, over 14 million – or over 35% – live in homeowners association communities. Therefore, understanding whether their property damage claims fall under their individual or association insurance policies is essential
Is Deductible Buy-Down Insurance A Wise Choice For Condominiums? A Basic Guide For Association Boards and Property Managers
Deductible buy-down insurance, also referred to as buyback deductible insurance, is designed to reduce the deductible that an insured party would have to pay in the event of a claim. It operates on a simple principle: by purchasing a deductible
Insurance Breakage—Insurance Companies Profit When Policyholders Give Up
“Insurance breakage” mirrors the concept of breakage in the retail sector. In retail, breakage refers to the revenue gained from unredeemed gift cards or prepaid services. Essentially, customers pay upfront for a service or product they never use, and the
Do policyholders Have to Fill Out Personal Property Inventory Forms Following a Total Loss?
Nobody can remember all the stuff they have accumulated and discarded during their lifetime. When a total fire loss happens, and there is nothing left other than charred remains and memories, many insurance companies add to the emotional trauma by not
Florida Condo Associations: Dodging Floods and Drowning in Premiums?
Well, folks, another hurricane season in Florida has come and gone, leaving us with nothing but a collective sigh of relief and the looming specter of potential disaster. In the spirit of commemorating the official end of hurricane season, I
The Duty to Cooperate—What Happens If You Do Not Fully Respond and the Insurance Company Says Nothing About It?
Insurance company attorneys can be tricky because they try to “set up” defenses in the investigation of a claim and then claim non-cooperation or fraud if the requests are not fully responded to. It is almost as if the insurance defense
Raising the Bar in Public Adjusting Licensing: A Friendly Conversation
I recently shared a post titled “Public Adjusters Need To Raise The Bar For Admission If They Want To Be Seen As Professionals,” which sparked a lively and insightful discussion. I’m truly grateful for all the engaging responses