Park & Associates Inc Blog: homeowners
View the latest blog posts from Park & Associates Inc.
Wednesday, June 2, 2021A flood is considered to be rising water coming from the outside in; whether caused by excess rain, storm surge, lake rise, etc. Flooding is not generally covered by homeowners insurance and you need specific flood coverage to be protected, when a flood occurs. Flood insurance rates in low to moderate flood zones are very affordable. READ MORE >>
Tuesday, March 2, 2021Homeowners may think their policy offers coverage for all damages. This is a misconception and there are some key areas where you may need a separate policy or an endorsement to be fully protected. The most common is flood coverage. Unless you can endorse flood on your homeowners policy, a separate flood policy is required. READ MORE >>
Friday, August 28, 2020To wrap up the last part of this series, I want to focus our attention to some of the most important coverages not yet discussed as it relates to your HOA… Directors & Officers (D&O), Crime, and Workers Compensation Insurance. READ MORE >>
Friday, August 21, 2020“Why do I need to have insurance if my association already has insurance?” is one of the more common questions we hear those living within an association ask. There are a few answers to this question: The associations insurance generally covers common areas and commonly owned association property only – this does not include your individual home. READ MORE >>
Thursday, August 13, 2020First things first. Let’s define what a homeowners association actually is. Under Florida Statute 720.301 Section 9, a homeowners association, means “a Florida corporation responsible for the operation of a community… in which the voting membership is made up of parcel owners&h... READ MORE >>
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