|Re: Reserve Studies||<– Date –> <– Thread –>|
|From: Diana Carroll (dianaecarrollgmail.com)|
|Date: Thu, 29 Dec 2011 11:26:37 -0800 (PST)|
On Thu, Dec 29, 2011 at 12:03 PM, Douglas G. Larson <ddhle [at] earthlink.net>wrote: > Likewise Reserve Funds are NOT for replacement of assets in the event of > catastrophic events (e.g. Storms, Fire). Typically your insurance covers > assets that expire under those conditions. > True, but in our case, our banks have insisted that we include our insurance deductible ($10K) in our reserves, which seems prudent. I wonder, in fact, if after we have built up enough reserve we might be able to save money on our insurance (our single largest HOA expense) by increasing our deductible. -D
- Re: Reserve Studies, (continued)
- Re: Reserve Studies Diana Carroll, December 29 2011
- Re: Reserve Studies Sharon Villines, December 29 2011
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