By Devon Schad, President of Schad Agency Over the past several years, community associations have experienced what I previously referred to as "Capital Whiplash." Following years of catastrophic losses, inflation, rising construction costs, and reduced reinsurance capacity, insurance carriers were forced to dramatically increase rates, reduce coverage options, and increase deductibles. The good news is that the market continues to move in a more favorable direction. Recent J

HOA Buyer Document Review – AI Search Prompt Checklist This version is formatted for easy copy/paste into ChatGPT, Claude, Gemini, Perplexity, or other AI tools when reviewing HOA documents. AI PROMPT: Review the attached HOA documents including the current year budget, reserve study (if available), last 6–12 months of board minutes, annual meeting minutes, owner communications, and insurance renewal summaries. Identify potential buyer concerns that may indicate future specia

After several years of relentless premium increases, many community associations are finally seeing something that has been in short supply: stabilization. In some cases, modest premium decreases are beginning to appear. For boards and managers who have spent multiple budget cycles navigating sharp insurance cost escalation, the shift is understandably welcome. But beneath the surface of this improving pricing environment lies a reality that the insurance industry knows well

Copper theft continues to rise across many communities, and a growing number of homeowners associations and commercial property owners are discovering that irrigation backflow preventers have become a frequent target. These devices, which protect potable water systems from contamination caused by lawn sprinkler and irrigation systems, contain copper and brass and are often installed outdoors in easily accessible locations. That combination has made them especially attractive