Send us a textToday Robert and Kevin discuss a trending subject almost every HOA in America is dealing with: The high cost of HOA insurance.❗Join our LIVE Podcast April 1st 2024 on Youtube! 👉  https://www.youtube.com/watch?v=24KbKsKyoNY✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/Today we’ll be discussing the hot topic of the high cost of HOA insurance. A regular feature of our podcast series will be “hot topics” and current events, and right now, there’s nothing bigger than insurance. It’s disrupting budgets all across the country, and forcing boards to scramble in order to get sufficient coverage. So we’re going to dive right in, to make sure you have the insights you need to lead your association safely and successfully into the future. Fortunately, co-host Kevin Davis has been serving the insurance needs of community associations for decades, so he’s exactly who we need to give his perspective on what has changed that has created the increasing insurance costs associations are seeing, and help us all understand and be better prepared to deal with this challenge.Chapters from today's podcast:00:00 The rules have changed for HOA insurance02:10 Why have HOA insurance rates risen so much in the past few years?04:43 Climate change and insurance rates06:53 How COVID has change insurance07:41 Supply chain & uncertainty issues with insurance09:01 How Champlain Towers changed things even more12:16 How much is inflation a factor in insurance rates?13:13 The human factors involved in the increase of insurance 21:43 Do insurance restrictions on price pin board members into a corner? 30:36 Ending encouragement Podcast Links:Full Episode ListWatch On YoutubeEngage in the conversation! Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected] yourself or a Board Hero you Know!Board Hero NominationsBoardmember Merch Store!Connect with Hosts on LinkedInJulie AdamenKevin Davis, CIRMSRobert Nordlund, PESupport Our SponsorsAssociation Insights & MarketplaceAssociation ReservesCommunity FinancialsKevin Davis Insurance ServicesStokelight Video & MarketingThe Inspectors of Election

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