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Often, the HOA passes this ever-rising cost on to the homeowners in the form of higher monthly fees or larger one-time fees called special assessments. This jump in homeownership costs can have a ...
A home insurance policy is designed to financially protect you and your home from covered perils, while HOA insurance coverage is designed to financially protect the HOA’s liability and shared ...
Image credits: Bill Fletcher #6. I pressed trespassing charges. I had a compost bin against the house. The only way the Karen in charge of the HOA could have see it was to go onto my property.
The IIABA has spent more than $1 million in 2010 in lobbying efforts on federal crop insurance, insurance licensing reform, and other insurance issues. [2]The IIABA supported the National Association of Registered Agents and Brokers Reform Act of 2013 (H.R. 1155; 113th Congress), a bill which would reduce the regulatory costs of complying with multiple states' requirements for insurance ...
But the HOA covers the insurance for the condo’s exterior and shared spaces. After a wildfire “eliminated” a town nearby (the location is undisclosed), she says that insurers re-assessed ...
The term neighborhood association is sometimes incorrectly used instead of homeowners association. But neighborhood associations are not homeowners associations - groups of property owners with the legal authority to enforce rules and regulations that focus on restrictions and building and safety issues.
Term. Meaning. Appraisal. An appraisal is a detailed assessment of either the property or property damage. An appraisal is written by an adjuster to estimate the amount of damage from a loss.
Here's what homeowners can do in these situations. An insurer reportedly accused this 82-year-old of running a motorcycle repair shop out of her house, canceling her policy. Then the property ...