Send us a textAre you up against a huge HOA claim? Learn these key strategies to help you handle large insurance claims and how to avoid them!❗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/Are you an HOA board member grappling with large insurance claims or potential lawsuits? In this episode, we’re getting into the complexities of handling significant insurance claims in HOAs, drawing lessons from a real-life case of a $1 million lawsuit. Kevin Davis shares his experiences and insights on noise pollution issues, legal disputes, and the importance of addressing reputational damages in community associations. Get practical advice on managing legal issues, maintaining civility in board meetings, and effective conflict resolution in your HOA. Plus, learn how to avoid common pitfalls that lead to costly mistakes.Chapters from today's episode: Avoiding a $1M HOA Insurance Claim00:00 Intro to preventing a big HOA insurance claim02:40 Is Noise a Liability Problem?05:00 A Real $1 Million Case09:11 Traits of Reputational Damage11:13 Old VS New HOA Board12:15 The Insurance Provider Perspective15:05 Suing as a 3rd Party VS Same Party16:51 Defamation Vs Libel17:32 Intentional & Willful Acts18:21 What Insurances Will Do20:51 What’s Happened to HOAs22:17 The Solution26:35 How Words Matter in the HOA Board29:23 Behavior is The CulpritPodcast 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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