HOA reserve funds don’t just appear overnight. They grow over a period of time and are earmarked for various future maintenance projects. So, it is vital that every dollar be preserved whenever possible. That might be a difficult task in Florida, where mother nature is very active causing natural disasters. Why would you use your Reserve Fund to finance claim damage repairs? A Florida public adjuster can help preserve Reserve Funds for the tasks they were intended, by collecting portions of insurance proceeds from your insurer early after the loss occurs. With exceptional planning and reporting, the adjusters at Altieri Insurance Consultants have collected millions of dollars for our clients from insurers in just a few short weeks after major disasters. You do not have to wait to get paid until the entire claim is settled. We designed an early payment process to get our clients using insurance money to fund many of their initial emergency service needs in the first weeks after the disaster. As an HOA manager in Fort Lauderdale, you can always rely on a public adjuster to help you mitigate financial damage with their expertise in insurance.
Don’t go it alone. Altieri Insurance Consultants Ft. Lauderdale is here to help you safeguard your HOA reserve funds as the partner property owners rely on!
Just How Important Are HOA Reserve Funds?
Besides complying with Florida law, they are the safety net accumulated over a period of time to fund projects for the upkeep of the property. We are strong advocates for preserving those funds for what they were initially intended and to not drain them the moment disaster has damaged your building(s) or property.
In Fort Lauderdale, HOA reserve funds are often used to cover the following expenses:
- Community pool maintenance
- Roofing repairs
- Road repaving
- Exterior Painting of Buildings
- Various other day-to-day expenses
Get the Fair Insurance Settlement You Are Owed
The first offer your insurer gives you may be deficient in many areas causing a lowballed effect. You won’t realize this until you hire a public adjuster in Fort Lauderdale who knows how to calculate a fair settlement to compare and negotiate. As a Manager or Director, you have an entire community to look out for. It’s worth it to get your own insurance claim expert involved to ensure you’re getting what you’re owed for your HOA damage claims, resulting in HOA Reserve Fund preservation, while the experts collect from your insurer all that you will need to restore your buildings.
Don’t Miss a Single Detail When Filing An HOA Claim
You already have massive responsibilities as an HOA manager. A significant insurance claim will absorb all of your time if you have any chance at a proper recovery. In an attempt to move quickly and efficiently, it is very easy to overlook enough details to torpedo the claim. Public adjusters in Fort Lauderdale can submit your insurance claim for you, making sure even the smallest details are accounted for. This is one of the easiest ways to ensure that your recovery is complete, while preserving Reserve Funds for use at the proper time.
Understand Your HOA Insurance Policy Better
Preventive measures are your first line of defense. As they say, “Failing to plan, is a plan to fail.” Instead of waiting for the next disaster to happen, have Altieri Insurance Consultants provide you with a policy review from a claim’s perspective. Pre-loss planning is a simple service that can ready you for the next storm and help you preserve your HOA reserve funds.
Altieri Insurance Consultants Ft. Lauderdale Is the Partner HOA Managers Rely On!
Trust in a team of public adjusters that’s skilled in managing HOA insurance policies and coverage. Reach out to Altieri Insurance Consultants Ft. Lauderdale today at (813) 247-4757 to schedule a consultation and to ask about our success stories with HOA managers in the past.
