★TRILO★PEDIA®★

  Is the “PHASES” designation of Cobblestone a method to limit risk to individual owners? For disaster recovery alone, are “PHASES” a plus or minus? Should Cobblestone vote to eliminate the “PHASES”?   The ‘phases’ designation of the condos  ▶ TGMA legal counsel informed TGMA and the Cobblestone Disaster Recovery Committee that the designation of the FIVE (5) PHASES is still in force because these had not been merged or eliminated by the developer, Shea Homes, when Cobblestone Canyon was completed and control passed to the homeowners association, TGMA. This merger of the Cobblestone Phases still is not done today, as of the writing and distribution of this document. In other words, these FIVE (5) PHASES will dictate how and when recovery management will occur. The “phases” designation of the condos AS AN EXAMPLE, if any damage (no matter how major) occurs to the common interest (exterior areas) of one or more units in PHASE 21 (approximately 42 units in each PHASE), then...

NORTHRIDGE STORY   How has the threat of a large, Northridge-type quake made Californians more favorable to EQI? What percentage of CA condo owners have EQI? What percentage of CA HOA owners have EQI? Does the date  January 17, 1994 still ring a bell today, why? ▶ This question prompted the research and retention by TGMA of the former HARBRO Emergency Services & Restoration, recently merged with a company known as BluSky that provides commercial, industrial, governmental, residential, and multifamily restoration, renovation, environmental, and roofing services across the United States and Puerto Rico. With an emphasis on large projects, BluSky does not build things; but restores and rebuilds them. BluSky engaged employees bring experience and teamwork to anyone who owns or manages property, provides property insurance, or manages property insurance claims. There are no guarantees of safety during earthquakes, but properly constructed and strengthened homes are far less ...

  Some Questions   Is it true: Only one CA EQI product treats HOAs as commercial entities? Will other companies follow this lead? What is the advantage of this for HOAs? What about the MOTUS EQI offerings? ▶ After seeing the trouble that California condo associations and owners faced, Motus Insurance Services brought together a team of the state’s most respected earthquake insurers and condo insurance specialists to create the Motus Opt-in Master Earthquake Program. This new direct-to-consumer earthquake insurance program allows all condo owners to fully protect their homes from earthquake damage while taking advantage of the same great rates available for master earthquake insurance policies. Motus is able to bring this solution to consumers because it worked with the California Department of Insurance to remove the barriers that prevented individual owners from buying into the same insurance coverage available to homeowners’ associations, which offers far more comprehe...