Q: My condominium association is in the process of renewing its insurance policies and our insurance agent advised that we needed a fidelity bond policy with a higher limit for the coming year because of the insurance proceeds the association received following Hurricane Ian. Why would we need higher limits on our fidelity bond? (W.K, via e-mail)
Insurance Proceeds Should Be Bonded
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“Protecting The Financial Well-Being Of Your Association” – Florida Community Association Journal
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Association Borrowing Questioned