Welcome to South Florida Realty Management

The Treasure Coast’s Trusted Property Management Company

If you own residential or commercial investment property and are looking for a professional rental property management company in Martin or St. Lucie County, look no further! We provide full rental property management services, including rental marketing, expert tenant screening, leasing, maintenance coordination, complete bookkeeping, electronic reporting and much more.

If you are looking to rent a home or need commercial space, we have a top-notch inventory of single family homes, duplexes, condos, and commercial spaces for lease. When you rent from us, you can be assured of a high-level of professionalism with quick maintenance response. If you qualify, we would love to have you as a tenant enjoying one of our fine rental properties.

If you are looking for a property manager for your Property Owner Association, we have a talented team of licensed (CAM) managers and state of the art tools waiting to go to work for you.

South Florida Realty Management is a Full-Service Rental and Property Management Company with licensed professional Realtor® agents and licensed Community Association Managers (CAMs) serving Florida’s Treasure Coast including Hobe Sound, Stuart, Palm City, Jensen Beach, Sewalls Point, Hutchinson Island, and Port St. Lucie.

South Florida Realty Management is committed to being the recognized local leader in leasing and rental property management. We strive to provide exceptional service with a personal and professional approach!

Learn More

TREASURE COAST Property Management Blog

Why does my HOA need to buy liability Insurance??

Christopher Lundstrom - Saturday, March 10, 2018

As a member of your homeowners association you may ask, "Does my HOA need insurance?" The answer is a big yes! The more pertinent inquiry would be, "What type of insurance does our HOA need?" It is vital that your organization has the proper insurance coverage for all possible types of problems. 
The fact is insurance is one of the best investments an HOA can make. It is up to you and your board to make sure your Association is properly covered for all contingencies. 
There are insurance agents and agencies that specialize in HOA coverage. These professionals can work with you to tailor a plan that fits the unique needs of your homeowner’s association. There is no better peace of mind than knowing your organization has adequate insurance coverage in force.

What types of insurance do you need?

There are several types of insurance coverage that your homeowner’s association should carry. If you maintain this coverage your Association should be protected from almost all issues that may arise. Let's take a look at some specific coverage types:

Property Insurance

If your HOA owns property, especially structures, then it should protect it. This type of coverage does just what is says; insures the property. This policy will cover against vandalism, theft and damage from fires, storms and natural disasters.

Liability Insurance

This will cover things like accidents or injuries that take place on the property. Your HOA could be liable for actions it took, or did not take. Associations should take actions to correct any safety issues, especially in today's world where lawsuits are all too common.  

Directors and Officers Liability Insurance

This is more commonly known as "D&O" coverage. This protects officers and trustees from being held liable when performing their duties for the Association. The D&O policy helps fund this requirement. It protects officers and trustees when they err accidentally and without malice. It does not cover willful acts of wrongdoing.

Fidelity Insurance

This coverage protects the organization from theft committed by employees, contractors, Association members/volunteers, or even management companies. This should be part of your Association’s overall insurance package.

Worker’s Compensation

There is also worker's compensation insurance that should be considered if your HOA does not already have it. This insurance type will cover HOA volunteers, like Board members or other members that give of their time to do something positive for the Association without pay, like changing light bulbs for instance. HOA Worker’s Compensation will not take the place of the worker’s compensation insurance that any HOA maintenance contractors should carry; it is specific to HOA non-paid volunteers.

A View From the Board Member's Perspective

When a member of your association made a decision to represent their neighbor’s common interests in their Home Owner's Association and become a Board member, they made a basic promise to the Association: To serve the association including protecting it from future risk. A Board Member has a duty to ensure that the association has properly consulted with an insurance professional and adopted the appropriate kinds of insurance products at the appropriate insurable levels to protect the association and its membership from reasonably foreseeable risk.  If you doubt your Board is serving your association’s best interests by allocating some of your HOA funds to insurance purposes, don't.  Those Board members are prudently attempting in good faith to manage tomorrow's potential unknown risks with a purchasable insurance product today.
The types of coverage listed above should protect your homeowner’s association from most insurance issues it can run into. It is better to have more coverage than not enough.  Of course, you and your Board members may not be insurance experts. It is essential that you consult and get counsel from a licensed insurance agent, or agents, to help put your insurance plan in place. There is no substitute for proper insurance coverage!

Our Favorite New Review!

Web Admin - Wednesday, August 16, 2017

Search Homes for Rent

Martin county...live with us!

Contact Us

206 SW Ocean Blvd.
Stuart, FL 34994
Office: (772) 220-0844
Need More Information? - Click to email us
Need an Estoppel? - Click to email us

Website Built By PMW | Equal Housing | Privacy Policy | Media Assets | Sitemap