Department of Labor Issues New Rule Regarding Independent Contractors
One of the biggest issues facing companies, especially in the building and remodeling industries, is whether a worker is an employee or an independent contractor. Companies must grant employees different ...
RECENT ARTICLES
Court of appeals upholds material matching exclusion in Minnesota policy
In an opinion issued today by the Minnesota Court of Appeals, it upheld an insurance company’s exclusion against repairing a policyholder’s hail-damaged property with reasonably matching materials in Pleasure Creek vs. American Family. The Court relied heavily on the recent decision from the Federal 8th Circuit in Noonan v. American Family that upheld a similar exclusion. In relevant part, the…
Fire-damaged homeowners face insurance troubles
People whose homes are damaged by fire may face a challenging time dealing with their insurance companies. The results of major wildfires, such as the Camp Fire, have changed the way that many insurers do business. Homeowners devastated by fires have faced massive losses, from their homes themselves to the landscapes that once surrounded them. After a claim, however, or…
Common Homeowner Association Mistakes to Avoid
There is more to a homeowner association than meets the eye. There’s a lot going on behind the scenes, with these associations dealing with regular challenges and potential pitfalls that can cost them money and anger residents. Knowledge of the most common homeowner association mistakes makes it easier to avoid trouble. Here are five mistakes that come up time after…
Fire threats are leading to a loss of insurance coverage
In California, 167,000 homeowners were unable to get their insurance policies renewed in 2018, which was an increase of 6% throughout the state. Furthermore, there was a 10% increase in the number of policies that were not renewed in areas likely to be impacted by wildfires. Of those who had their coverage terminated, 88,000 lived in areas where there was…
What May Homeowners Associations Regulate?
Running a successful homeowners’ association is a difficult task. Each resident within a community has their preferences for how they decorate and maintain their home, and there always seems to be one or two owners who simply do not want to operate inside the HOA guidelines. In many cases, some owners will find conflict wherever they go, regardless of how…
What’s the Right Insurance Policy for my Homeowners Association
Insurance is generally the largest budgeted expense for most homeowners associations (HOAs). But not every insurance policy is the same. So how do HOAs know whether the insurance policy they’ve purchased meets their needs? These are just some of the things HOAs need to be consider when they’re deciding which insurance policy to purchase. What is the Policy Deductible? Every…