In this episode we unearth the surprising connection between HOA location and insurance risks!. Listen to Robert and Kevin delve into an enlightening exploration of how your zip code can fuel the drama and affect your wallet.
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Today our podcast takes a journey that traverses the unique intersections of geography and governance, where Home Owners Associations (HOAs) reside, and their insurance risks unfold. Kevin and Robert explore how the seemingly innocuous detail of your HOA's geographical location can fan the flames of drama, disrupt the harmony of communities, and most importantly, contribute to the often underestimated factor of insurance risk.
Chapters from today's episode: HOAs & Insurance Risk: How Location Influences Drama and Costs!
00:00 HOA associations run better without drama for insurance
01:09 Introduction to today’s topic - HOA insurance risk and how location matters
02:54 The importance of having well-managed HOA
04:26 Where are the bulk of HOAs in America?
06:36 West Coast Community Associations are Headaches!
10:15 HOAs on the West & East coast have people with more money & time
12:15 The difference in the mindsets of people from a Condo Association to an HOA
13:03 What’s happening with nuisance claims in South Carolina and Georgia
17:44 What are the different types of HOA insurance claims at different locations?
20:21: What can a HOA board do to lower their premiums & living peacefully in a community associations
26:37 Cyber Coverage (future topic on the podcast)
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