Insurance can be one of the most confusing aspects of managing an HOA, especially as premiums rise and coverage options evolve. In this episode of The Uncommon Area, Matthew Holbrook talks with Jonathan Naranjo from Liberty Naranjo about the key insurance challenges facing communities today and what boards can do to stay ahead. Key Insights: 1. Understanding the Rising Costs of HOA Insurance Premiums are increasing across the board due to factors like natural disasters, liability risks, and market changes. Boards need to understand these drivers to make informed decisions. 2. Identifying and Mitigating Risk Factors From property maintenance issues to compliance gaps, identifying risk early can help communities avoid costly claims and protect homeowners. 3. Admitted vs. Non-Admitted Carriers Choosing the right insurance provider matters. Boards should understand the difference between admitted and non-admitted carriers to ensure proper coverage and compliance. 4. Effective Board Communication Transparency with homeowners about insurance costs, risks, and coverage helps build trust and reduces conflicts within the community. 5. Planning Ahead Proactive planning and risk assessment can save money and prevent problems before they arise. Boards should regularly review policies and evaluate coverage adequacy. Stay informed and protect your community—subscribe, like, and comment to join the conversation! Connect with Jonathan: https://www.linkedin.com/in/jonathan-naranjo-hoa4/ Check out the mentioned episodes: https://www.youtube.com/watch?v=Ha1kty0abNw&list=PLvxvfCWiUYdDgvpf6Hgg2vKYENtyMtS-k&index=5 https://www.youtube.com/watch?v=a8wL9y_k6iQ&list=PLvxvfCWiUYdDgvpf6Hgg2vKYENtyMtS-k&index=34 #HOAInsurance #PropertyManagement #CommunityRisk #HOABoards #TheUncommonArea