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Content provided by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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107 | Wildfires, Verdicts, and Tariffs: Why Your HOA Insurance Costs Keep Going Up

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Manage episode 484910553 series 3470637
Content provided by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

HOA Insurance is skyrocketing. Learn how tariffs, wildfires, and lawsuits are pushing your premiums higher than ever.
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/
Why is HOA insurance getting so expensive? Robert and Kevin break down the 3 biggest reasons: wildfires, tariffs, and jaw-dropping liability verdicts. With rebuilding costs spiking and global supply chain issues driven by tariffs, your HOA is likely to feel the squeeze. Kevin explains why rates are rising and how boards can respond. Our goal is to make sure YOU don’t get blindsided. understand what’s driving HOA insurance hikes and what you can do to prepare!
Chapters From This Episode:
00:00 What happened in the LA wildfire that shocked the insurance industry?
01:24 Why are HOA insurance rates becoming unsustainable?
03:39 What does "stability" in the insurance market actually mean right now?
05:08 How are tariffs and global supply chains driving up rebuilding costs?
07:36 Why are insurers panicking over 2025 first-quarter losses?
09:19 How are insurance premiums affected by unpredictable material prices?
11:24 What are “thermonuclear verdicts” and why do they scare insurers?
13:00 Why are HOA liability claims now potentially in the billions?
17:22 Are boards prepared to raise dues again for insurance costs?
22:50 What’s the 4-step process for navigating rising insurance costs?
27:32 Why does deferred maintenance open your association up to lawsuits?
31:08 How important is clear communication with homeowners right now?
33:04 Final takeaway: Why “maintain, maintain, maintain” is the new HOA mantra

The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

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
Shop!
HOA insights now has its very own merch store! Our team has whipped up some hats, mugs, T-Shirts, & more that we think Volunteer HOA Boardmembers are gonna love. We also offer dozens of FREE zoom backgrounds. Available in our Boardmember Merch Store!

Connect with Hosts on LinkedIn
Julie Adamen
Kevin Davis, CIRMS
...

  continue reading

Chapters

1. What happened in the LA wildfire that shocked the insurance industry? (00:00:00)

2. Why are HOA insurance rates becoming unsustainable? (00:01:24)

3. What does "stability" in the insurance market actually mean right now? (00:03:39)

4. How are tariffs and global supply chains driving up rebuilding costs? (00:05:08)

5. Why are insurers panicking over 2025 first-quarter losses? (00:07:36)

6. How are insurance premiums affected by unpredictable material prices? (00:09:19)

7. What are “thermonuclear verdicts” and why do they scare insurers? (00:11:24)

8. Why are HOA liability claims now potentially in the billions? (00:13:00)

9. How can associations protect themselves against massive lawsuits? (00:15:12)

10. Are boards prepared to raise dues again for insurance costs? (00:17:22)

11. What can board members actually control in this insurance crisis? (00:20:14)

12. What’s the 4-step process for navigating rising insurance costs? (00:22:50)

13. How can understanding the difference between maintenance and insurance save money? (00:24:29)

14. Why does deferred maintenance open your association up to lawsuits? (00:27:32)

15. How should boards budget for unpredictable insurance hikes? (00:29:09)

16. How important is clear communication with homeowners right now? (00:31:08)

17. Final takeaway: Why “maintain, maintain, maintain” is the new HOA mantra (00:33:04)

122 episodes

Artwork
iconShare
 
Manage episode 484910553 series 3470637
Content provided by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

HOA Insurance is skyrocketing. Learn how tariffs, wildfires, and lawsuits are pushing your premiums higher than ever.
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/
Why is HOA insurance getting so expensive? Robert and Kevin break down the 3 biggest reasons: wildfires, tariffs, and jaw-dropping liability verdicts. With rebuilding costs spiking and global supply chain issues driven by tariffs, your HOA is likely to feel the squeeze. Kevin explains why rates are rising and how boards can respond. Our goal is to make sure YOU don’t get blindsided. understand what’s driving HOA insurance hikes and what you can do to prepare!
Chapters From This Episode:
00:00 What happened in the LA wildfire that shocked the insurance industry?
01:24 Why are HOA insurance rates becoming unsustainable?
03:39 What does "stability" in the insurance market actually mean right now?
05:08 How are tariffs and global supply chains driving up rebuilding costs?
07:36 Why are insurers panicking over 2025 first-quarter losses?
09:19 How are insurance premiums affected by unpredictable material prices?
11:24 What are “thermonuclear verdicts” and why do they scare insurers?
13:00 Why are HOA liability claims now potentially in the billions?
17:22 Are boards prepared to raise dues again for insurance costs?
22:50 What’s the 4-step process for navigating rising insurance costs?
27:32 Why does deferred maintenance open your association up to lawsuits?
31:08 How important is clear communication with homeowners right now?
33:04 Final takeaway: Why “maintain, maintain, maintain” is the new HOA mantra

The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

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
Shop!
HOA insights now has its very own merch store! Our team has whipped up some hats, mugs, T-Shirts, & more that we think Volunteer HOA Boardmembers are gonna love. We also offer dozens of FREE zoom backgrounds. Available in our Boardmember Merch Store!

Connect with Hosts on LinkedIn
Julie Adamen
Kevin Davis, CIRMS
...

  continue reading

Chapters

1. What happened in the LA wildfire that shocked the insurance industry? (00:00:00)

2. Why are HOA insurance rates becoming unsustainable? (00:01:24)

3. What does "stability" in the insurance market actually mean right now? (00:03:39)

4. How are tariffs and global supply chains driving up rebuilding costs? (00:05:08)

5. Why are insurers panicking over 2025 first-quarter losses? (00:07:36)

6. How are insurance premiums affected by unpredictable material prices? (00:09:19)

7. What are “thermonuclear verdicts” and why do they scare insurers? (00:11:24)

8. Why are HOA liability claims now potentially in the billions? (00:13:00)

9. How can associations protect themselves against massive lawsuits? (00:15:12)

10. Are boards prepared to raise dues again for insurance costs? (00:17:22)

11. What can board members actually control in this insurance crisis? (00:20:14)

12. What’s the 4-step process for navigating rising insurance costs? (00:22:50)

13. How can understanding the difference between maintenance and insurance save money? (00:24:29)

14. Why does deferred maintenance open your association up to lawsuits? (00:27:32)

15. How should boards budget for unpredictable insurance hikes? (00:29:09)

16. How important is clear communication with homeowners right now? (00:31:08)

17. Final takeaway: Why “maintain, maintain, maintain” is the new HOA mantra (00:33:04)

122 episodes

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