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HOA Insurance

Scared man addressing water leak in condo

Condo Homeowner-to-Homeowner Responsibilities: Who’s Responsible For Water Damage?

Water damage is one of the most insidious perils a condo owner may face. Beyond the damage it does, the potential for mold, bacterial infestation, and potentially having to replace flooring, furniture, and belongings, you may also have to repair and repaint walls and ceilings. What a headache! What’s more, if you share walls with

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HOA Insurance, Carriers, and Trends: What to Expect in 2024

HOA Insurance, Carriers, and Trends: What to Expect in 2024

With the spate of wildfires and other natural disasters in recent years, insurance companies in California have taken a beating. Many insurers are not offering new policies at all, and the ones that are have raised rates to stratospheric levels, making it unaffordable and leaving many homeowners and HOAs anxious about their coverage. California’s Real

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HOA Insurance Coverage Update: What You Need to Know

HOA Insurance Coverage Update: What You Need to Know

Obtaining HOA insurance at a decent rate has been challenging in recent years. With big insurers like Allstate and State Farm discontinuing new policies and rates for existing policies skyrocketing exponentially, many HOAs are finding the need to add assessments and increase fees to cover the additional expense. State of the Market for HOA Insurance

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