Condo Media - December 2017 - 37

ASK SERVICE PROVIDERS ON
WHOM YOU RELY (MANAGEMENT
COMPANIES AND LAW FIRMS,
FOR EXAMPLE) TO DETAIL THEIR
DISASTER PLANS.
For example, Markel says all the attorneys in his firm have laptops. "If a
storm is approaching, we tell them not
to let those laptops out of their hands.
As long as we have a power source, we
never lose the ability to operate." "Disaster recovery is our business," Solemina says. "If a major storm is coming,
the first thing we do is shut down our
regular construction work. Everyone in
our company is cross-trained in emergency services. They all become part of
our emergency service crew."
REVIEW THE ASSOCIATION'S
INSURANCE COVERAGE AT
LEAST ANNUALLY.
"Take insurance and the risk management process seriously up front
every year," Pierce emphasizes. "It's
something the board should consider
regularly, not just when dealing with a
disaster." As part of this general insurance review:
n Make sure the estimated replacement
cost tracks increases in construction
costs. Report the addition of amenities or other changes that could affect
the replacement cost on which the
coverage limits are based. Document
(with pictures) all components that
could be subject to damage claim.
n Review the requirements for providing
notice of and filing insurance claims.
Verify that the board is designated
as the insurance trustee, authorized
to receive insurance payments. Otherwise, the disbursements could be
delayed. The policy should also name
the association as agent for each unit
owner and for the holders of liens on
all units. This will give the board the
authority it needs to adjust all insurance claims under the master policy,
including those covering damage
inside individual units.

n Remind owners periodically that
they need an individual HO6 insurance policy to cover their personal
property. Lack of owner's insurance
is a problem not just for the owners,
who may have huge uninsured losses,
but also for the association itself. Uninsured or under-insured owners may
not be able to pay their share of the
association policy deductible or they
may not be able to make needed
repairs for which they are responsible
in their own properties.
n Make sure the association has a good
quality camera and video equipment.
This seems an odd addition to a list
of disaster planning essentials, but
Markel explains: "After Harvey, some
communities were documenting
[multi-million-dollar] losses on an
I-phone. That is ridiculous."
REVIEW THE ASSOCIATION'S
GOVERNING DOCUMENTS TO
IDENTIFY SPECIFIC OBLIGATIONS
AND LIMITATIONS ON THE BOARD'S
AUTHORITY TO RESPOND TO
EMERGENCIES.
Many documents contain an automatic
termination provision, specifying that
if the renovation costs exceed a stated
percentage of the development's
market value, the association will be
terminated unless a specified percentage of the owners vote to rebuild. This
would create a major impediment to
the recovery process, to say the least.
Because it is hard to imagine many
situations in which rebuilding
would not be the best choice,
association attorneys
generally advise
amending this
language to

require an owners' vote to terminate
the association, making rebuilding the
default position.
REVIEW AND UPDATE YOUR
DISASTER PLAN ANNUALLY.
Solemina recommends putting it on
the board's agenda quarterly to ensure
periodic reviews, and circulating it to
owners-or sending a reminder that it
is available to them-annually as well.
Equally important, Markel emphasizes,
"Make sure you have a funding mechanism in place to make it viable. Having a
plan you can't implement is worse than
not having any plan at all."
EXPECT TO BE SUED FOR WHAT
THE ASSOCIATION DOES, DOESN'T
DO, OR BOTH.
"If there is the potential for disagreement, someone will almost certainly file
a claim related to it," Markel says. He
predicted that "within a week or less"
after Harvey struck in Houston, "association boards would begin getting
demand letters from owners looking to
the homeowners' association to take
care of a lot of things, including things
that aren't, strictly speaking, the association's responsibility." Boards can't
prevent litigation, but they may be able
to reduce the risks, at least somewhat,
by educating owners about the association's obligations, and reminding them
periodically where the association's
obligations begin and end.

December 2017

37



Table of Contents for the Digital Edition of Condo Media - December 2017

Table of Contents
Condo Media - December 2017 - BB1
Condo Media - December 2017 - BB2
Condo Media - December 2017 - Cover1
Condo Media - December 2017 - Cover2
Condo Media - December 2017 - Table of Contents
Condo Media - December 2017 - 2
Condo Media - December 2017 - 3
Condo Media - December 2017 - 4
Condo Media - December 2017 - 5
Condo Media - December 2017 - 6
Condo Media - December 2017 - 7
Condo Media - December 2017 - 8
Condo Media - December 2017 - 9
Condo Media - December 2017 - 10
Condo Media - December 2017 - 11
Condo Media - December 2017 - 12
Condo Media - December 2017 - 13
Condo Media - December 2017 - 14
Condo Media - December 2017 - 15
Condo Media - December 2017 - 16
Condo Media - December 2017 - 17
Condo Media - December 2017 - 18
Condo Media - December 2017 - 19
Condo Media - December 2017 - 20
Condo Media - December 2017 - 21
Condo Media - December 2017 - 22
Condo Media - December 2017 - 23
Condo Media - December 2017 - 24
Condo Media - December 2017 - 25
Condo Media - December 2017 - 26
Condo Media - December 2017 - 27
Condo Media - December 2017 - 28
Condo Media - December 2017 - 29
Condo Media - December 2017 - 30
Condo Media - December 2017 - 31
Condo Media - December 2017 - 32
Condo Media - December 2017 - 33
Condo Media - December 2017 - 34
Condo Media - December 2017 - 35
Condo Media - December 2017 - 36
Condo Media - December 2017 - 37
Condo Media - December 2017 - 38
Condo Media - December 2017 - 39
Condo Media - December 2017 - 40
Condo Media - December 2017 - 41
Condo Media - December 2017 - 42
Condo Media - December 2017 - 43
Condo Media - December 2017 - 44
Condo Media - December 2017 - 45
Condo Media - December 2017 - 46
Condo Media - December 2017 - 47
Condo Media - December 2017 - 48
Condo Media - December 2017 - 49
Condo Media - December 2017 - 50
Condo Media - December 2017 - 51
Condo Media - December 2017 - 52
Condo Media - December 2017 - 53
Condo Media - December 2017 - 54
Condo Media - December 2017 - 55
Condo Media - December 2017 - 56
Condo Media - December 2017 - 57
Condo Media - December 2017 - 58
Condo Media - December 2017 - 59
Condo Media - December 2017 - 60
Condo Media - December 2017 - 61
Condo Media - December 2017 - 62
Condo Media - December 2017 - 63
Condo Media - December 2017 - 64
Condo Media - December 2017 - Cover3
Condo Media - December 2017 - Cover4
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202008
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202007
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202006
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202005
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202004
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202003
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202002
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202001
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201912
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201911
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201911_v2
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201910
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201909
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201908
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201907
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201906
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201905
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201904
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201903
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201902
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201901
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201812
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201811
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201810
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201809
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201808
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201807
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201806
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201805
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201804
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201803
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201802
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201801
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201712
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201711
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201710
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201709
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201708
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201707
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201706
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201705
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201704
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201703
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201702
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201701
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201612
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201611
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201610
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201609
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201608
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201607
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201606
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201605
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201604
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201603
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201602
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201601
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201512
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201511
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201510
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201509
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201508
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201507
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201506
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201505
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201504
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201503
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201502
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201501
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201412
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201411
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201410
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201409
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201408
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201407
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201406
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201405
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201404
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201403
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201402
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201401
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201312
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201311
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201310
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201309
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201308
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201307
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201306
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201305
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201304
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201303
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201302
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201301
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201212
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201211
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201210
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201209
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201208
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201207
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201206
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201205
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201204
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201203
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201202
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201201
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201112
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201111
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201110
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201109
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201108
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201107
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201106
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201105
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201104
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201103
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201102
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201101
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201012
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201011
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201010
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201009
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201008
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201007
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201006
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201005
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_200904
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201003
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201002
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201001
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_200912
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_200911
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_200910
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_200909
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_200908
https://www.nxtbookmedia.com