4 Beaches Community Informational Session Saturday May 16, 2026
This informal community meeting provided unit owners with practical information about insurance coverage and financing options related to ongoing questions about the foundation project. The meeting grew out of informal conversations among 4B friends and neighbors who wanted to help unit owners find reliable information and address common questions related to the foundation project. The summary below is intended as a brief community recap that may be shared with others as needed.
The meeting was intended to provide information and guidance from local professionals in insurance and finance.
Approximately 40 unit owners attended, both in the clubhouse and via Zoom. The meeting lasted about two hours.
The discussion was interactive and included a productive exchange of questions and answers between presenters and attendees.
Overall, the format and information shared appeared to be well received by those in attendance.
Insurance Professional:
Tammy A. Michaels, Barnum Insurance, Shelton, Connecticut.
She provided a general overview of insurance, including how 4B master policies may affect and interact with individual unit owners' personal insurance coverage.
She offered guidance on the amount of unit coverage owners may want to discuss with their insurance brokers.
She reviewed examples of damage that may be covered by insurance and situations that may not be covered.
She also gave practical advice on how to speak with an insurance broker, including helpful ways to frame questions and share information.
In addition, she explained condominium insurance terms such as "Walls In" and "Additions and Alterations" coverage.
Other topics included loss assessment coverage, loss-of-use coverage, and replacement-cost considerations.
Financial Broker:
Jeannie DiGuiseppi, Ascend Financial Network.
She explained that she works with more than 40 financial institutions.
She provided an overview of several borrowing options, including home equity lines of credit (HELOCs), reverse mortgages, and non-qualified mortgages.
She noted that there may be alternatives to traditional bank financing, although some options may carry higher interest rates.
She also reviewed factors that lenders may consider when evaluating loan applications.
Another topic was the condominium management company questionnaire that may be required during the lending process.
Although many additional topics were discussed, this meeting provided a helpful starting point for unit owners who want to better understand available insurance and financing options and identify questions for further follow-up.
To reach Tammy A. Michaels, Executive Insurance Agent Barnum Insurance203 513-6329TMichaels1@barnumpc.com
To Reach Jeannie DiGuiseppi, Mortgage Loan OfficerAscend Financial Network203 952-4974JDGuiseppi@afnmtg.com