By definition a homeowner’s association is an organization in a subdivision, planned community or condominium that makes and enforces rules for the properties in its jurisdiction. HOAs also collect monthly or annual dues to pay for the upkeep of common areas like parks, tennis courts, elevators and swimming pools and can levy special assessments on homeowner’s when the association lacks sufficient reserves to pay for unexpected repairs. HOA’s as well as condo associations and other types of legal entities may technically own the structures; the property owners are often responsible (individually) for interior issues. Thus when a hurricane, flood, fire or other type of event damages the HOA property, the HOA and its insurance may come into play. HOA’s often hire a specialized public adjuster to represent their interests vis-a-vis insurance companies. Our insurance adjusters work with commercial entities including HOAs throughout Broward County Florida.
Anyone who has owned or lived in a condo here in Broward County Florida is very much familiar with the HOA and has made regular payments into one. The HOA of a condominium takes over for the builder once the project is complete and the units are placed up for sale. Since the HOA is responsible for insuring the roof and exterior of each condo unit, as well as the common areas and common buildings, insurance takes a big part of the annual budget. Our public adjusters work with HOAs and other “communal” types of property owners (including commercial property owners, owners of apartment complexes, landlords, etc.). Based in Weston Florida, we work with clients across all of Broward County from Fort Lauderdale to Weston, SouthWest Ranches, Plantation, and beyond.