CAI-NJ October 2025

al. Most of the questions cannot be answered by the association since the board and its manager are simply not qualified to answer, meaning they lack the requisite legal and engineer ing expertise. Asking an unqualified board or manager to make represen tations about the structural condition of the property, combined with fur ther misunderstandings between the association and lender may incur unnecessary and inadvertent legal liability, regardless of the condition of the building. Boards and managers are urged to consult with their legal and building professionals to properly navigate the legal and lending requirements to maintain the financial health and resale value of their community. n

We’ve Got Your Community Covered Insurance and Risk Management Solutions for CAI Members USI’s Community Association Specialists combine proprietary analytics, broad experience and national resources to custom-fit an insurance and risk management plan that meets your needs. For decades, our team has provided the solutions and services that CAI members count on to protect their communities. We’d like to do the same for you.

Cheryl Rhine, CIC, CIRMS, EBP 732.616.4319 Debbie Pasquariello, CIC, CIRMS, EBP 732.207.4818

USI Insurance Services 1433 Hooper Ave., Suite 110

Toms River, NJ 08753 732.349.2100 | usi.com

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We’ve got you covered! SPECIALIZING IN CONDOMINIUM AND TOWN HOME COMMUNITIES... gutters • Leaders • gutter guards CALL TOLL-FREE 877-833-8844 Fax: 732-833-8008 E-mail: njguttermaster@optonline.net FRIENDS & MEMBERS OF:

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OCTOBER 2025