Real Estate Advisor

Attorney at Law

 

Real
Estate
Advisor

Q. Can our homeowners association amend its CC&Rs to require each member to carry both earthquake and loss assessment coverages in addition to the standard coverages?
A. Yes. After the Northridge earthquake, owners who had earthquake and loss assessment coverages fared substantially better than owners who did not have these coverages. Their associations also did much better.
Consequently, we believe it is critically important for association me...

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