Earthquake Insurance at HOA and Condo Complexes

I am often asked why certain Condo association do not carry earthquake insurance. In some cases I am approached by owners or boards where association is considering canceling a policy. Unfortunately after much analysis and working with multiple associations I have concluded that purchasing an earthquake policy for a building is a bad bet. Yes, financially with all odds […] Read more »

A Dictator runs my community – what do I do

I am often approached by homeowners about a problem in their community. There speech often starts with “My condo building is run by a dictator. There is absolutely nothing we can do …..” Once our discussion goes a bit further one of two things become obvious. Sometimes an owner is wrong and just doesn’t want to do what their board decided, but often […] Read more »

California adopts a law prohibiting rental restrictions at HOAs

California legislature recently passed a bill regarding leasing restriction in common interest development. SB150 will go in effect January 1st, 2012. While it’s not clear what ‘prohibition’ really means one thing is for certain – it will affect association’s ability to impose caps on number of units that can be rented at any given time. […] Read more »

Insurance: what’s covered

One of the questions I get often from clients is about insurance. Most people believe that since they are moving into an HOA community which already has insurance they don’t need to buy their own. In order to understand that better we need to break HOA into at least two categories – Single Family Houses controlled by […] Read more »