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Sanjay Kurian, “Hurricane Insurance Claims for Condominium Associations,” FLCAJ Magazine

January 11, 2019

Disaster Preparation and Recovery, Hurricane, Insurance

There is a lot of information on how associations can prepare for hurricanes but much less information as to what happens after the hurricane, particularly as it pertains to insurance claims. A question that managers and board members need to consider is, what is required after a hurricane to ensure compliance with your insurance policy and recover money which may be owed? Click here to read Sanjay’s full article in FLCAJ Magazine....

The Pitfalls of Professional Liability Insurance Coverage

September 16, 2013

Ryan Carpenter

Insurance

Insurance coverage can generally be an invaluable resource when things go wrong on a construction project. However, in the case of professional liability policies, there are several issues that deserve special attention when negotiating with a design professional, to make sure the desired coverage is available when you need it....

The Bonus Value of Your Liability Insurance Policy: Litigation Defense

April 9, 2013

Ryan Carpenter

Insurance, Litigation

Your liability policy's value goes beyond its coverage of losses up to its stated policy limit. Especially if you find yourself in a complex lawsuit with numerous parties, your policy could provide significant value by obligating your insurance company to pay your attorneys' fees and costs. Therefore, when faced with a potentially-covered claim, it is important to not only give notice to your liability carrier, but also request that your carrier defend you against the claim, to make sure you get the full value out of your policy....

The “New” in Renew; Potential Changes to Insurance Policy Eligibility Requirements and Coverage Upon Renewal

February 17, 2013

Ryan Carpenter

Insurance

Simply because you identified an appropriate policy and adequate coverage at some point in the past, does not mean that the policy is appropriate and the coverage is adequate for you now. Therefore, when you receive a renewal notice from your insurance company, it is best to fully re-evaluate your insurance coverage instead of blindly submitting the renewal premium....

ARE YOU AN ADDITIONAL INSURED – MAYBE OR MAYBE NOT?

January 11, 2012

webmaster

Insurance

Condominium associations, developers, and contractors will typically want to be named as an additional insured on casualty insurance policies of their respective contractors and subcontractors performing work on a construction project. One of the main advantages of being an additional insured is the existence of insurance to potentially cover certain casualty losses that may arise from the construction process. But, how does one truly know if they are an additional insured? Ideally, the insurance policy should have an endorsement that specifies who is an additional insured and that insured’s coverage. In this context, the policy should be examined to verify the nature and extent of coverage, including the policy period(s), any qualifications, limitations or other conditions that may affect an additional insured’s status and available coverage. At times, an additional insured will receive what is commonly referred to as an Acord Certificate of Insurance. This document generally summarizes a policyholder’s insurance coverage and...