In this episode of Covering HOAs with One Hot Mike...

Mike breaks down what actually goes into determining HOA insurance premiums.We explore how insurance companies evaluate risk, including the role of reserve studies, financial stability, property maintenance, and high-risk amenities. Mike also explains why proactive risk mitigation has become essential in today’s hard insurance market, what community managers and boards can do to improve insurability, and how underwriting standards are evolving.The conversation wraps with a look at emerging insurance trends and a reminder of the importance of community, support, and connection — especially during the holiday season.Whether you’re a board member, community manager, or HOA professional, this episode offers practical insight into how insurers view your community and what truly impacts your insurance premium.

Mike shares valuable insights from a panel discussion focused on the challenges and responsibilities of homeowners' associations (HOAs). The conversation highlights the significance of community involvement and proactive risk management in ensuring the safety and value of properties within these communities.

HOAs, community involvement, risk management, fire safety, homeowners associations, property management, BeFireSafe, insurance, South Orange County, California.

Ever wondered why you have to pay a deductible- or if you even should? We’re unpacking how deductibles really work in HOA insurance, who’s on the hook when a claim happens, and the biggest misconceptions boards and homeowners have.