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Our HOA has an insurance policy that covers common areas with a $1000 deductible. The question that has recently come up is whether or not to submit an insurance claim to recoup losses of approx $7000. The concern seems to be that the insurance premiums will go up and/or the policy would be cancelled. Is there a rule of thumb used to determine when to submit a claim and when to pay the expenses from the HOA income?
posted @ Monday, October 03, 2011 6:16 AM by Dom DeFeo
posted @ Monday, October 03, 2011 6:38 AM by Raffaella
posted @ Monday, October 03, 2011 8:09 AM by Real Manage
posted @ Monday, October 03, 2011 9:47 AM by Jeff Ross
posted @ Monday, October 03, 2011 11:33 AM by Albert H Fine
posted @ Wednesday, October 05, 2011 5:42 AM by Lynn
posted @ Monday, October 10, 2011 11:08 AM by Mark
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