Ever wondered why board members need to provide personal information to be a signer on the association’s bank accounts? In the wake of the September 11 terrorist attacks, the USA PATRIOT Act was enacted to help combat future threats to the United States. The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct…
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The Gibson, an 80-unit condominium located in the heart of Washington, DC, was constructed in 1981. As could be expected with a building of this age, the glass and windows were due for replacement, and the association board was tasked with sourcing a loan to cover the expense. Not only would this project serve to…
INSURANCE PLACEMENTS Warwick Condominium Association – Atlantic City, NJ: Broker partner retained renewal and has saved the association over $28,000 in premium during the past two years Brighton Green Condominium – Newburgh, NY: After identifying deficiencies, new policies with overall better coverage were placed with broker partner mid-term Willow Point Condominium – Falls Church, VA:…