Kevin Davis: Understanding the Dynamic HOA Insurance Market!

Join Dave as he sits down with Kevin Davis, President of Kevin Davis Insurance Services, to unravel the mysteries of insurance in today's tumultuous landscape. With HOAs grappling with soaring insurance premiums amidst a sea of changes, it's time we hear insights from one of the nation's leading HOA insurance providers. In this interview, discover crucial steps to mitigate premium hikes and shrink your liability footprint. Tune in as Kevin lays out a blueprint for HOA success, essential for every board member to understand!

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Well-Maintained, Premiums Tamed?

In recent years, Homeowners' Association (HOA) insurance has become a significant burden for condo owners, leading to higher dues and increased costs of ownership. This trend is largely due to the rising number of natural disasters, such as hurricanes, wildfires, tornados, etc., which have forced insurance companies to pay out substantial sums for coverage. As a result, insurance premiums have skyrocketed, and condo associations are left grappling with how to manage these rising costs... but there are some levers that YOU control that could help. Click here to read more.

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Preventive Maintenance Schedules Required: What's Next?

One of the most stringent pieces of legislation to emerge in this wave of reform following the tragic collapse of Champlain Towers South has been in New Jersey. Earlier this year, they passed a piece of legislation requiring developers to create a detailed preventive maintenance document for common area components in HOA communities, including maintenance schedules, periodic structural inspections, budget inclusion for maintenance costs, and regular updates post-inspections to ensure ongoing safety and compliance. To learn more about this legislation and what it means for HOAs, click here.

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