Category: Insurance

Insurance Knowledge is Power
2013 August Knowledge is Power

While essential to the successful operation of all cooperatives or condominiums, governing documents are often only glossed over by otherwise well-intentioned board members, residents and property managers leading to potential pitfalls.…

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Insurance All in a Day's Work
2013 August All in a Day's Work

Property management, in the broadest of terms, is defined as the operation, control and oversight of real estate. Most property managers would agree that definition is just a starting point. There are many facets to the demand…

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Insurance Insuring Honesty and Integrity
2013 August Insuring Honesty and Integrity

When you decide to run for a board, you’re usually thinking about all the great changes you’re going to make to your building, along with all the time and effort that you’re prepared to sacrifice for the good of your home. Of th…

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Insurance How Much is Enough
2012 August How Much is Enough

 Legendary funny man Benny Goodman once said, “I don’t want to tell you how much insurance I carry with the Prudential, but all I can  say is: when I go, they go, too!” The comedian hits on all-important issue: how much insurance is too mu…

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Insurance Mind the Gap
2012 August Mind the Gap

 Insurance is designed to be there for us when we need it most. Without knowing  the full extent of our coverage, though, we may find ourselves with less  protection than we thought. For condominium owners, it is imperative to  understand …

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Insurance Insurance Fraud!
2012 August Insurance Fraud!

 Last year the co-owners of a Chicago realty company that managed dozens of  condominium properties were charged with fraud for stealing more than $2  million in assessment payments between 2005 and 2008. They trio covered up  their fraud …

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Insurance The Insurance Puzzle
2012 April The Insurance Puzzle

Insurance is a relatively simple concept that any homeowner can understand. You purchase a policy paying a premium to an insurer, and when a claim gets filed, the insurer pays. So in theory, insuring a condominium or association propert…

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Insurance Know Your Board
2011 August Know Your Board

 You may not know the name of your local alderman, or even your state  representative—plenty of polls have shown that many people don't. Politicians are one thing,  but when it comes to the people running your condo building or homeowners …

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Insurance Learning the Ropes
2011 August Learning the Ropes

Co-op and condo board members usually are volunteers who live in the building and contribute their time and expertise to help their community. Ideally, they ensure that the building runs well and efficiently, and that residents’ investm…

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