Insurable & Non-Insurable

The definition of insurance is to provide financial coverage by contract whereby one party undertakes to guarantee another against loss by a specified contingency or peril. Insurance in all forms is primarily dealing with risk, therefore an insurance policy is just a way of sharing risks with other parties with similar risks. While certain risks…

Basic HOA Homeowner Preventive Maintenance Scheduling

A home being most people’s biggest investment, a basic preventive maintenance schedule for this home is analogous to routinely checking a retirement plan to make sure the plan is working properly.   This basic preventive maintenance schedule has monthly, quarterly, semiannual, and annual tasks to complete. One of the best methods to accomplish these preventive…

HOA Insurance Policy Review

William Douglas Management recommends to their client Boards of Directors that they review their HOA’s insurance policies each year. There are basically three different policies that can be in place, a master hazard insurance policy, a general liability policy, and a directors and officer’s insurance policy. The HOA’s insurance agent should be contacted for guidance…

How To Improve HOA Annual Meeting Attendance

Annual Meeting Date   In many instances the date or possibly the time of year of the annual meeting is prescribed in the HOA’s governing documents. These dates may also just coincide with the time the declarant transitioned the association to membership control. The months that can be worse for annual meeting attendance are December,…