Insurance

Many community associations have inquired over the years as to whether they should buy earthquake insurance, considering that the costs fluctuate so much and at times are quite high. After networking with attorneys all over the state of California that had to deal with the problems involving reconstruction, collection of special assessments, and disputes with insurance companies in the aftermath of the Loma Prieta and Northridge quakes, I have come to believe that associations should purchase earthquake insurance if they can get it, even if the price is high. ...