Loss Assessments

Loss Assessments

In the Midwest, we’re all too familiar with summer storms and the damage they can cause to houses and buildings. HOA reserve funds are available for unexpected damages or emergencies, but using them could cause the association to be short on funds for future projects...
Low Interest Rates and Your HOA Loans

Low Interest Rates and Your HOA Loans

One of the silver linings from the pandemic’s impact on the economy are the historically low interest rates. Due to concerns about the stability of the economy, most financial institutions have adjusted their traditional credit evaluation and standards. Because of the...
Understanding Insurance in an HOA

Understanding Insurance in an HOA

If your home insurance is something you plan on changing this year, it is important to understand what the HOA’s master policy covers vs what your policy needs to cover. There are two different types of coverages that may be in place within your HOA. WALLS IN The...