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In this webinar, presenter Kevin Giles, director of operations and reserve specialist with Giles Flythe Engineers, discusses many different types of unexpected maintenance projects and damage-related expenses that can affect community associations. Topics covered include storm-related damages that may not be covered by insurance, failure of "long-life" components, new ordinances that might affect the rebuilding or repair of damaged elements, and other types of non-repair expenses. He then takes a dive into reserve accounts and how associations can best prepare themselves to fund these unexpected events.
