This class stresses the importance having protocols in place on how to deal with a leak once it has occurred. Reviews of how to determine the cause of leak, responsibility, and insurance coverage, including the issue of insurance deductibles. Stressing with managers the importance of planning ahead by using proactive actions to avoid leaks from common high-risk components. There is great importance to have a water leak protocol agreed-to by the manager and the board of directors. Water leaks and resulting damage can be extremely expensive and may be handled differently by similar-appearing communities due to variances in governing documents or board practice. When there is water flowing, owners are calling, and the board is stressed about budgetary imitations and insurance ratings, it is difficult to have a thoughtful discussion of what course of action is best for the community.
Attending this class is worth 1 CMCA credit.