We know you’re preparing budgets for the Board to consider and homeowner envelopes to send your budget to all for review.
What else goes in your budget mailer?
- Winterization Reminders
- Risk Management Tips
- Reminders to purchase unit owner or homeowner insurance
- Clarification of insurance deductibles and who will be responsible to pay them (per the Maryland law)
- Event updates for the community and or the Town
Preparing budgets in an ever-changing economy can prove difficult. The insurance market has been challenging to predict considering the evolving changes to your risk and/or the market.
Associations may consider consulting your insurance agent when you are making future budgets.
If those budgets include capital improvements or updates to roofs, HVAC, plumbing or electric –– call your agent now! Preventative maintenance is necessary in today’s market to get the best possible pricing on your risk management programs.
