HOW GOOD IS INSURANCE IF YOU DONíT USE IT?
Published June 28, 2019
I read this weekís blogs and the comments posted by our readers.
I have to say: How good is an insurance policy if you donít want
to use it?
Yes, I understand the argument regarding a possible premium
increase or even a non-renewal of the policy, but where is the
limit a board should set to decide when to file a claim?
Remember, most often nobody knows how big the damage will be. I
have seen for example lawsuits about record requests that ended
not favorable for the association and created legal fees of more
than $30,000.00. And the list goes on!
Remember, any insurance policy requires the insured to file a
claim in a timely manner. If the dead-line for filing a claim is
past, the insurance company has the right to deny the claim.
No association board should ever gamble with the financial
welfare of its members.
||Jan Bergemann is president of Cyber Citizens For Justice,
's largest state-wide property owners' advocacy group.
CCFJ works on legislation to help owners living in
associations. He moved to
in 1995 - hoping to retire. He moved into a HOA, where the
developer cheated the homeowners and used the association dues
for his own purposes. End of retirement!
CCFJ was born in the year 2000, when some owners met in
- finding out that power is only in numbers. Bergemann was a
member of Governor Jeb Bush's HOA Task force in 2003/2004.
The organization has two websites to inform interested
homeowners and condo owners:
News Website: http://www.ccfj.net/.
Educational Website: http://www.ccfjfoundation.net/.
We think that only owners can really represent owners, since all
service providers surely have a different interest! We are
trying to create owner-friendly laws, but the best laws are
useless without enforcement. And enforcement is totally lacking