Budget Bliss is a first-of-its-kind insurance solution that protects Florida community associations budgets against non-payment, helping communities under cash flow pressure stay stable while offering all associations a smarter, more efficient way to protect their budgets and reduce administrative burden.
Discover for yourself how surprisingly affordable this coverage can be for you and your association.
A community association’s budget is only as strong as each owner’s ability to pay their annual assessment in full and on time.
Budget Bliss insurance protection is designed to keep an association’s adopted annual budget fully funded during the policy period.
Budget Bliss caps individual owner financial liability, with respect to the budget, to their share of the annual Budget Bliss policy premium.
Budget Bliss covers the shortfalls, when neighbors don’t pay, because other owners shouldn’t have to.
The board adopts its annual budget as usual, establishing the financial plan that supports community operations, services, and reserves.
Visit the website to learn more about Budget Bliss, sign up for a live webinar with one or more of the founders, and request a Non-Binding Indicative Quote.
Discover for yourself how surprisingly affordable this coverage can be for you and your association.
Complete policy application before May 1st to obtain an actual policy quote, and preserve your place in line to receive a policy January 2027.
After weighing the pros and cons, your board of directors determines Budget Bliss is the right fit for it's community, and owners.
As a result of one, or more owners failure to pay timely or in full, the budget becomes underfunded, resulting in its obligations outweighing its financial resources.
Claim for budget shortfall is made with ease via Budget Bliss website portal, or through a participating community association management software platform.
Association receives payment of budget shortfall, as well as amounts due for remainder of policy period, should shortfall continue with respect to claims approved.
Volunteer board members are put in a difficult position: they’ve adopted a budget in good faith, but can’t always control whether payments arrive on time, or in full.
Budget Bliss insurance protects an association’s budget, so budgeted expenses can be timely paid, in full, even when owners don’t pay on time or in full.
Boards have a fiduciary duty to adopt and maintain an annual budget that meets the contractual, operational and maintenance needs of the association. Budget Bliss ensures that budgeted funds will always be available converting the budget from a “financial need & desire” into an insurance backed financial commitment - protecting boards and their individual members.
Budget Bliss insurance ensures a fully funded budget which in turn protects the board and its individual members fiducially from potential liability and exposure to contractual breaches or losing statutorily mandated insurance coverage due to lack of adequate funding.
Under Florida statutory law, owners are financially liable for budget deficiencies caused by their non-paying neighbors through special assessments, or increased future annual assessments.
Budget Bliss insurance protects all owners from paying for financial shortfalls in the adopted budget, created by their neighbors' non-payment, capping each individual owner’s additional financial responsibility to their allocated % share of the annual Budget Bliss policy premium.
Management relationships are important and should not be disrupted. That is why Budget Bliss insurance was intentionally designed to work alongside your existing management company, not replace it. Day to day operations stay the same. Your management company continues handling its existing responsibilities, including accounting and delinquency administration on behalf of the association.
Budget Bliss insurance streamlines the workload of Managers and Management Companies when it comes to financial issues and operations which are typically impacted by owner delinquency and budget shortfalls. When funds are needed, they are available.
Legal relationships are important and should not be disrupted. That is why Budget Bliss insurance was intentionally designed to work alongside your existing legal relationship, not replace it. Law Firm operations stay the same. Your Law Firm, once approved, continues handling its existing delinquent account collection responsibilities on behalf of the association with appropriate safeguards and coordination built in.
Budget Bliss insurance streamlines the workload of vetted and approved Lawyers and Law Firms providing legal Subrogation services. Approved Law Firms will enjoy access to lines of credit for the advancement of case costs for all insureds.
The people and companies your community relies on depend on timely payment to keep association operations running smoothly. From management to maintenance, utilities, security, and other budgeted services.
Budget Bliss insurance protects the funding behind those obligations so your annual association contractual obligations can be fully satisfied, and continue uninterrupted.
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Our team is here to help your community achieve financial stability and operational efficiency.