What to Know Before Joining a Homeowners Association

Nice two-story homes on a sunny day in a neighborhoodIf you’re on the hunt for a new home, townhouse, or condominium, you may encounter listings that require you to join a homeowners association (HOA). The members of this association take on the responsibility of maintaining the value, safety, and aesthetic of the neighborhood. For first-time homebuyers, this can seem like a daunting contract to sign off on, but in order to allay the fears of any hesitant newcomers, we’re here to describe what you should know before joining a homeowners association. [Read more…]

Why You Want Loss Assessment Coverage

If you live in a condo it is likely that you have a homeowners association (HOA) as an insurance policy which will cover things that happen in the common areas (areas outside of your personal unit). If so, they why would you need loss assessment coverage? There are times when you will need it and actually when you will be thrilled to have loss assessment coverage.

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