Is A HOA Reserve Study Required In Virginia?
A reserve study is a powerful tool that homeowners associations can use to ensure long-term financial health. Boards have a fiscal responsibility to their associations, and reserve studies play a significant role in fulfilling this responsibility. Yet, many remain unaware of the legal requirements involving reserve studies. What is a Reserve Study for Communities? […]
How Can HOA Insurance Protect Your Association?
Homeowners associations that wish to protect their finances should purchase HOA insurance. This vital coverage ensures the community continues to function smoothly in the event of a disaster or legal issue. Without it, a HOA would have to dip into its reserves, which would set the association back. What is HOA Insurance? Homeowners association […]