Friday, June 10, 2016

Committee eliminates liability insurance requirement from proposed ordinance

The Springfield Selectboard Ordinance Sub-Committee plans to rework a recently proposed vacant building ordinance to remove mandated liability insurance for vacant buildings with renovation costs of than $100,000.

www.eagletimes.com    

8 comments :

  1. Why are we making it easier on the people with blighted buildings? I'd hardly call repairs under $100,000 "DIY" projects. Under $10k -- yeah.

    These folks absolutely SHOULD be forced to have liability insurance.

    ReplyDelete
    Replies
    1. You should move to a country where freedom from government intrusion is not a cornerstone of the society at large.

      Delete
  2. Dogluvrinvt: You should be required to have liability insurance on any dog you might care for. If not, it should be put down.

    ReplyDelete
  3. Although I must admit the ordinance as originally written needed work, this is not an issue of " government intrusion." Those of us who do repair and maintain our properties work very hard to do so. This is an issue of public health, safety, (and since I'm sure you are a devout capitalist), the value of our homes. Having derelict buildings in our neighborhoods decreases the value of what we have worked to build. Yes, we do live in a free country, but as citizens we also have responsibilities. I understand that not every homeowner can afford to make their home look like something out of a magazine, but the buildings in question are owned by investors looking to make a buck. Insurance is simply the cost of doing business.

    ReplyDelete
  4. Yes, liability insurance will make it look better and increase the value of your property.

    ReplyDelete
    Replies
    1. You're obviously not seeing the bigger picture. Having insurance on these properties is only one element. Insurance companies have standards that must be adhered to before a policy is even issued. For instance, my home still had knob and tube wiring, which my insurance company made me remove before they would insure it. I purchased a liability policy which categorized my home as renovation site until the work was done. If I had to do it, why should'nt a financial institution or investor do it too.

      Delete
  5. A unique cloud-based system to track and manage your insurance policies, coverages, premiums, claims as well as your covered participant’s assets, premium contributions and activities.
    Vermont Captive Insurance Conference 2016

    ReplyDelete
  6. Allocate premium contributions accurately to each Covered Participant, Come meet Solartis
    Vermont Captive Insurance Conference 2016

    ReplyDelete


Please keep your comments polite and on-topic.

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