036 | Avoiding A $1Million HOA Insurance Claim

HOA Insights: Common Sense for Common Areas

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Are you up against a huge HOA claim? Learn these key strategies to help you handle large insurance claims and how to avoid them!
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Are you an HOA board member grappling with large insurance claims or potential lawsuits? In this episode, we’re getting into the complexities of handling significant insurance claims in HOAs, drawing lessons from a real-life case of a $1 million lawsuit. Kevin Davis shares his experiences and insights on noise pollution issues, legal disputes, and the importance of addressing reputational damages in community associations. Get practical advice on managing legal issues, maintaining civility in board meetings, and effective conflict resolution in your HOA. Plus, learn how to avoid common pitfalls that lead to costly mistakes.
Chapters from today's episode: Avoiding a $1M HOA Insurance Claim
00:00 Intro to preventing a big HOA insurance claim
02:40 Is Noise a Liability Problem?
05:00 A Real $1 Million Case
09:11 Traits of Reputational Damage
11:13 Old VS New HOA Board
12:15 The Insurance Provider Perspective
15:05 Suing as a 3rd Party VS Same Party
16:51 Defamation Vs Libel
17:32 Intentional & Willful Acts
18:21 What Insurances Will Do
20:51 What’s Happened to HOAs
22:17 The Solution
26:35 How Words Matter in the HOA Board
29:23 Behavior is The Culprit

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Julie Adamen
https://www.linkedin.com/in/julieadamen/
Kevin Davis, CIRMS
https://www.linkedin.com/in/kevin-davis-98105a12/
Robert Nordlund, PE
https://www.linkedin.com/in/robert-nordlund-pe-rs-5119636/
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Chapters

1. Intro to Avoiding A $1M HOA Insurance Claim (00:00:00)

2. Is Noise a Liability Problem? (00:02:40)

3. Traits of Reputational Damage (00:09:11)

4. Old VS New HOA Board (00:11:13)

5. The Insurance Provider Perspective (00:12:15)

6. Suing as a 3rd Party VS Same Party (00:15:05)

7. Defamation Vs Libel (00:16:51)

8. Intentional & Willful Acts (00:17:32)

9. What Insurances Will Do (00:18:21)

10. What’s Happened to HOAs (00:20:51)

11. The Solution (00:22:17)

12. How Words Matter in the HOA Board (00:26:35)

13. Behavior is The Culprit (00:29:23)