Habitat Magazine’s June issue includes an article on the new EPA rule surrounding lead paint entitled, “Licensed to Paint.” Click the link below to view the June Issue of Habitat Magazine, as well as hear comments on this article and the insurance implications entailed from Mackoul & Associates’ President, Edward J. Mackoul.
(Click Here For June Issue of Habitat)
The National Flood Insurance Program (NFIP) is currently on schedule to expire on March 28th, 2010. The Senate has already voted to extend the NFIP until the end of the year, while the House has agreed to extend it just one more month, until the end of April 2010. The Senate, who has been preoccupied with Health Care Legislation, must vote to adopt the House measure or the NFIP will expire Sunday night.
We will keep you posted with any updates, but if you have any questions we are always here to help.
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Please call with any questions: Edward J. Mackoul, CIC |
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Come visit us as we exhibit at the Institute of Real Estate Management’s third annual Asset and Property Management Symposium on Wednesday, March 10th, 2010 from 9:30am-5:30pm.
The program will be located at the New York Helmsley Hotel:
212 East 42nd Street
New York, NY 10017
Third Floor Conference Center
We are pleased to announce that the National Flood Insurance Program has been extended to March 28, 2010. The bill that was passed by Congress and signed by President Obama does not include retroactivity to March 1, 2010.
This short term statutory authorization will allow us to resume issuing flood insurance policies but it did not include specific language that would make the extension retroactive to March 1, 2010 at 12:01 am.
We will include more updates on longer term NFIP reauthorization prior to the expiration on March 28, 2010 as soon possible.
Don’t hesitate to call our offices if you have any questions at (866) Mackoul.
Thank you.
Mackoul & Associates, Inc.
Read the full article here: http://www.insurancejournal.com/news/national/2010/03/03/107849.htm
Statutory authority to issue flood insurance policies pursuant to the National Flood Insurance Program (NFIP) expired on February 28th, 2010. According to Senate Majority Leader, Harry Reid, measures are expected to pass sometime this week extending the NFIP until March 28, 2010. However, Congress has yet to pass the short term reauthorization of the NFIP and President Obama has yet to sign the bill.
Main Point- The NFIP will not be able to issue new or renewal flood policies, change coverage or pay claims until Congress reapproves reauthorization. They recommend that companies writing flood insurance hold any premiums, renewals or added coverage endorsements received on or after Feb. 28th.
Read Full Article
National Flood Insurance Program Website
FEMA Website
Managing Costs and Risks in Challenging and Uncertain Times II:
A Focus on Energy Issues Including Tax Implications, Budgeting, Insurance and Legal Considerations
Thursday, October 22nd – 6:00-8:00 PM
The Roosevelt Hotel – Vanderbilt Suite (Madison at 45th)
New York, NY 10017
Our own Edward J. Mackoul will be part of a panel of experts who will help provide insight on tax implications, budgeting, insurance and legal consideration during a seminar focusing on energy issues. Seminar speakers will be Ed Morse of Hess Corporation and Jim Dwyer, a Board President with a specialty in solar panels.
There is no charge for the seminar, but a reservation is required. Refreshments will be served.
Please R.S.V.P. by October 9th, 2009 by sending an email to Jennifer Maffeo at jmaffeo@mackoul.com. You must include your name and contact information to register.
For Directions to The Roosevelt Hotel:
http://theroosevelthotel-px.trvlclick.com/About/Directions/
If you maintain a Systems Breakdown, a.k.a. Boiler & Machinery policy, then generally your insurance company will perform the boiler inspection and file the necessary paperwork, but…
REMEMBER- The insured is ultimately responsible for making sure the inspection is performed and paperwork filed.
Avoid unnecessary penalties, Book your inspection NOW!
For more information: http://www.mackoul.com/page.asp?pageID=12
That’s right everyone. While you are flipping those burgers and trying to be the host with the most, avoid getting heat for holding an unsafe barbecue at your residence by following our Top 10 Barbecue Safety Techniques. Below are just a few, but you will have to visit our website to read the whole list:
1. Always keep a fire extinguisher on hand when grilling!!!
It is also helpful to have a garden hose or bucket of water or sand nearby.
2. Check with your local ordinance codes to see grilling restrictions for your residential property.
3. Establish a safety zone around the grill. Keep children, pets and ball games well away from this safety zone.
4. NEVER keep a filled gas container in a hot car or car trunk. Heat will cause the gas pressure to increase causing the relief valve to open, allowing gas to escape.
Read the full article here: http://www.mackoul.com/page.asp?pageID=12
When a co-op or condo owner, or a resident accidently originates damages and/or losses, why should the co-op or condominium association assume the costs?
For only a few dollars a month, your association can avoid paying for costly renovations for damages caused by five perils:
It’s the perfect way to protect your association!
Our very own Vice President of Sales and Marketing was recently published on the homepage of the Habitat Magazine website on May 27th! Her article, “Coop/Condo Insurance and Reducing Liability: A Print ‘Em Out Checklist,” outlines how to manage unforeseeable occurrences before they happen. Her number one tip is to do a building and grounds check-up at least twice a year to prepare your building in ten different areas that she mentions throughout her article.
Click on this link to read more: http://www.siteforless.com/customer643/upload/Coop-Condo%20Checklist.pdf