Is Your HOA Properly Insured? | Ep. 89

In this episode of The Uncommon Area, Action Property Management's CEO, Matthew Holbrook, is joined by insurance expert Dennis Socher to break down HOA and D&O insurance in a way that is practical, clear, and actionable. From directors and officers (D&O) insurance to general liability coverage, this conversation helps boards understand what their policies actually cover and where they may be exposed.Many associations assume they are properly insured, but coverage gaps, exclusions, and outdated property valuations can create serious financial risk. This episode explores how those gaps happen and how boards can take a more proactive approach to managing insurance.We cover:The difference between HOA D&O insurance, errors and omissions, and general liabilityWhat HOA insurance policies typically cover and what they excludeHow HOA insurance coverage limits are determined and why minimums may not be enoughHow to evaluate property replacement cost and avoid underinsuranceWhy HOA insurance premiums are rising and why the market is tighteningHow water damage, maintenance, and claims history impact your policyWhat to expect during the HOA insurance renewal processThe role of an insurance broker and how to choose the right oneWhen umbrella insurance makes sense for additional protectionThis episode is essential for HOA board members, community managers, and anyone involved in community association management who wants to better understand HOA insurance, reduce risk, and make more informed decisions.Follow The Uncommon Area for expert-led discussions on HOA law, governance, and property management best practices. Rather watch the episode video? Subscribe to our YouTube Channel!Have a topic you’d like covered? Email us at [email protected] or follow us on Facebook, Instagram or LinkedIn.