Go offline with the Player FM app!
083 | Navigating the Impossible: HOA Insurance Requirements for Lenders
Manage episode 454838327 series 3470637
Are 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!
———
Chapters
00:00 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 Requirements
15:38 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 HOA
Podcast Links:
Full Episode List
Watch On Youtube
Engage in the conversation!
Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected]
Nominate yourself or a Board Hero you Know!
Board Hero Nominations
Boardmember Merch Store!
Connect with Hosts on LinkedIn
Julie Adamen
Kevin Davis, CIRMS
Robert Nordlund, PE
Support Our Sponsors
Association Insights & Marketplace
Association Reserves
Community Financials
Kevin Davis Insurance Services
Stokelight Video & Marketing
The Inspectors of Election
Chapters
1. Why Some HOAs get a 100% Replacement for Insurance & Some Others Don’t (00:00:00)
2. Listener Question - How to Resolve the Conflict Between a Lender's Insurance Requirements and What Their Insurance Provider Was Able to Provide? (00:03:51)
3. The Role of Insurance Professionals in Meeting Lender Requirements (00:10:23)
4. The Importance of Replacement Costs for Lenders (00:15:38)
5. Ad Break - FiPhO Health Score (00:20:21)
6. Having Compliance with State Laws and Governing Documents so You Can Have Lower Insurance Rates (00:20:58)
7. Do You Have to Comply With Every Requirement for Insurance? (00:23:52)
8. Getting the Right Insurance Is GOING to be Expensive (00:28:05)
9. The Importance of Working with Specialty Insurance Brokers for Your HOA (00:30:21)
131 episodes
Manage episode 454838327 series 3470637
Are 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!
———
Chapters
00:00 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 Requirements
15:38 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 HOA
Podcast Links:
Full Episode List
Watch On Youtube
Engage in the conversation!
Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected]
Nominate yourself or a Board Hero you Know!
Board Hero Nominations
Boardmember Merch Store!
Connect with Hosts on LinkedIn
Julie Adamen
Kevin Davis, CIRMS
Robert Nordlund, PE
Support Our Sponsors
Association Insights & Marketplace
Association Reserves
Community Financials
Kevin Davis Insurance Services
Stokelight Video & Marketing
The Inspectors of Election
Chapters
1. Why Some HOAs get a 100% Replacement for Insurance & Some Others Don’t (00:00:00)
2. Listener Question - How to Resolve the Conflict Between a Lender's Insurance Requirements and What Their Insurance Provider Was Able to Provide? (00:03:51)
3. The Role of Insurance Professionals in Meeting Lender Requirements (00:10:23)
4. The Importance of Replacement Costs for Lenders (00:15:38)
5. Ad Break - FiPhO Health Score (00:20:21)
6. Having Compliance with State Laws and Governing Documents so You Can Have Lower Insurance Rates (00:20:58)
7. Do You Have to Comply With Every Requirement for Insurance? (00:23:52)
8. Getting the Right Insurance Is GOING to be Expensive (00:28:05)
9. The Importance of Working with Specialty Insurance Brokers for Your HOA (00:30:21)
131 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.