Send us a textLearn how communities can take control of rising HOA insurance costs with some simple steps! ✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/Are rising HOA insurance premiums stressing your board? You may have more control than you realize! In this episode of HOA Insights, Kevin Davis and Robin Manougian delve into effective strategies for controlling HOA insurance costs and minimizing risks. They explore key factors, including the importance of proactive maintenance, budgeting for reserves, and understanding the broader impact of catastrophic losses on the insurance market. Learn how to secure the best possible rates by maintaining a healthy balance sheet and educating board members on their responsibilities.———Chapters00:00 What Insurance Brokers Are Looking for in HOA Communities00:49 Introduction to Robin Manougian03:55 Why is Insurance So High?09:18 Insurance Carriers Are Panicking10:45 What HOAs Can Do to Lower Insurance Costs13:35 Risk Mitigation With Updated Utilities17:35 Reserve Studies and Keeping Insurance Rates Low20:10 Maintenance and Asset Deterioration23:42 Ad Break - Association Reserves24:24 What’s Next for HOA Insurance26:51 Expected 2025 Insurance Premium Increases28:33 Top Concerns for HOA Insurance30:34 The Uncertain Future of Condominiums32:55 Positive News for AssociationsPodcast 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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