CT August 2026

ENGINEERING... from page 37.

reserve study at least every 3 years, and after major cap ital improvement projects. New Jersey law now requires updates your reserve study at least every 5 years, but more frequent updates will allow for more accurate assessments of component condition and help associations budgets appropriately. Showing that the community is staying on top of regular maintenance and is funding for upcoming replacements of major components reduces risk for insurers. Protecting your community’s insurability ultimately comes down to staying proactive. Regular maintenance, timely repairs, and an up-to-date reserve study all help create a safer, more predictable environment for residents and insurers alike. Partnering with engineering professionals helps translate insurer concerns into practical, actionable plans. When insurers see that a community is managing risk rather than reacting to it, associations often benefit from better coverage options and fewer surprises. Ultimately, communities that proactively maintain their properties and partner with engineering and insurance professionals are best positioned to remain insurable, control costs, and pro tect their longterm financial stability. n

replacement or asphalt maintenance, to correct these issues as they emerge, or prevent them from becoming a hazard. Your engineer can evaluate the condition of your asphalt or concrete sidewalks, determine the cause of the failure, con sider the remaining useful life of the component, and provide recommendations tailored to the community’s needs. Reserve Studies Some insurance carriers request that we provide them with the current budget and most recent 12-month financial statement. They want to confirm that funds are available for associations to perform routine maintenance and capital upgrades. when and where they are needed. For example, going back to the roofs we discussed earlier, if the roof is 18 years old and the carrier is debating whether or not they want to insure the risk. They want to know that money will be available for a roof replacement when the time comes. Keeping your reserve study accurate and adequately funded is essential. It is recommended that you update that

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AUGUST 2026