New rates for all properties insured through the National Flood Insurance Program (NFIP) will go into effect nationwide on October 1, 2021. FEMA is pairing state-of-the-art technology with NFIP’s mapping data to establish a new risk-informed rating plan—Risk Rating 2.0, the largest change to the program in 50 years. Risk Rating 2.0 uses the latest…
2020 brought good news in regards to the National Flood Insurance Program (NFIP). The program saw a net income of $9.7 million and was reauthorized for a full year through September 20, 2021. The pandemic had two positive impacts on the NFIP: Pivoting the new claims adjustment system, which allowed policyholders to use technology to…
During the pandemic we saw associations move to virtual meetings and electronic voting. Some association documents require in-person meetings and include specific language on how the voting process should work. In Delaware, the state statute governing Community Associations allows for remote or virtual meetings. As state statute supersedes the governing documents, associations may hold virtual meetings.…
Most HOA Boards are made up of volunteers, and homeowner volunteer decisions are protected by the Directors & Officers insurance policy. These are the most common claims facing associations’ Boards of Directors. Violation of the Governing Documents Rules should be enforceable and enforced Meetings should be held per the documents Architectural Guidelines should be followed…
As communities are dealing with extra stress due to the pandemic, so are the individuals who live in those communities. Community Association Institute released this great article highlighting 6 ways to reduce tension in your community. Listen Control your Emotions Show Empathy Educate Explore Options Involve the Attorney Educating Boards and homeowners on insurance and…
Winter storms may bring snow and ice. Community Associations need to make sure they are prepared for the removal of snow and ice buildup in the community. Remind individual owners/tenants of any responsibility regarding the removal of snow and ice at the home or the unit. When you are reminding homeowners, be sure to remind…
92% of Community Association members Vote in National Elections. An overwhelming majority of homeowners in community associations understand the need to make their voice heard in the voting process. In resort community associations, parking and picking up after your pets seem to be the most consistent controversial issues facing the Board. But 2020 has given…
The Ocean City Police Department (OCPD) is urging residents, communities, and business owners to join the Trespass Enforcement Authorization Program (TEAP). During evening and nighttime hours it is difficult for law enforcement to reach managers and homeowners in order to get permission to enforce laws on private property. This program will authorize the police to…
In this highly unpredictable year, many unusual factors are affecting insurance. As your partner, we want to keep you informed of industry trends we’re seeing, especially when they’re relevant to Community Associations and Boards of Directors planning your budgets for 2021. Kevin Davis Insurance offers three reasons why D&O premiums are increasing this year. COVID–19…
Community Association Institute has counseled associations Owners, Board Members and Managers to review the policies to see how they will respond to a claim involving COVID-19. Unfortunately, policies may not be clear on what is covered, but an exclusion clarifies these situations. When reviewing both General Liability and Directors & Officers Liability policies, be sure…
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You are about the leave our site and submit the information to pay your bill. A licensed agent from our team will need to process your payment to make it official – we cannot bind coverage via web request. Let us get to work for you. Want to talk? Call us. 410-213-5600
Client Support Team
SCD Intermediaries
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