Send us a textAre you having issues with navigating HOA Insurance requirements with lenders? This episode is for you! ✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/Navigating HOA insurance requirements can be overwhelming, especially when lenders demand full 100% replacement cost coverage. In this episode, Kevin Davis and Robert Nordlund tackle this challenge, sharing actionable insights to help community associations secure the coverage they need. Learn how inflation, climate change, and nuclear verdicts affect insurance costs and why working with experienced professionals is vital. Discover the role of state laws, governing documents, and reserve studies in meeting these requirements and protecting your HOA’s financial future! ———Chapters00:00 Why Some HOAs get a 100% Replacement for Insurance & Some Others Don’t 03:51 Listener Question - How to Resolve the Conflict Between a Lender's Insurance Requirements and What Their Insurance Provider Was Able to Provide?10:23 The Role of Insurance Professionals in Meeting Lender Requirements15:38 The Importance of Replacement Costs for Lenders 20:21 Ad Break - FiPhO Health Score 20:58 Having Compliance with State Laws and Governing Documents so You Can Have Lower Insurance Rates 23:52 Do You Have to Comply With Every Requirement for Insurance? 28:05 Getting the Right Insurance Is GOING to be Expensive 30:21 The Importance of Working with Specialty Insurance Brokers for Your HOAPodcast 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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