Posts

Showing posts with the label grants

TODAY IN TRILOGY

CORONA WEATHER

✅ For disaster recovery today or in the future, what are the options to pay recovery costs?

Image
What is disaster recovery ?   Why do governments treat HOAs as commercial entities rather than residential? Given that reality, are all other types insurance quotes for HOAs treated accordingly? Does a commercial-rate policy cost less than residential? For disaster recovery today or in the future, what are the options to pay recovery costs? ▶ Fire insurance is already provided to Cobblestone Canyon by the HOA and the premium is paid out of condo dues.  But flood insurance and earthquake insurance is not now provided. If steps to disaster recovery are required, current reserve funds would barely provide a downpayment to cover those costs, at least the costs of a major disaster, so Cobblestone homeowners could expect emergency assessments. Fire insurance with regard to earthquakes would only apply if a fire is prompted by an earthquake. Regarding an emergency assessment, loss assessment coverage may mitigate all or some of the emergency assessment which, like earthquakes, is totally un

HOA 5Ws

ALTA♥CITIES® PLAYLIST

Getting Through It