Do you have all of the information about what happened? An association with 13 units may not have a professional manager who would contact insurance brokers to find alternate insurers. A board member, or another resident would have to volunteer. HOA board members are volunteers not paid staff. You may need to help them solve this problem if the other 12 units are unable or unwilling to do it.Currently dealing with a similar issue. My condo (townhouse of 13) master policy was dropped sometime in early 2024. The HOA never told anyone, so I'm trying to figure what to do in this situation. I have walls in coverage on my townhouse, but I'm trying to see if I can do anything on the individual level to protect myself? I'm also in California and insurance here is a mess.
I am President of a 50 unit complex that's a little different than you since we are detached zero lot line patio homes. We do have a good professional manager and we are able to get about 6 people to volunteer. Our insurance was not renewed last year with 5 days notice, the insurance broker had a new policy within two days so it wasn't too much of an issue. I do know that the problem you describe has been a serious issue for some condo communities. Rossmoor Walnut Creek being one of the most visible. Problem is not unique to California; also problems with HOA insurance in Florida and other states where losses are exceeding expectation and premiums. I also would not assume it won't impact other states eventually either.
Statistics: Posted by stan1 — Tue Feb 04, 2025 6:14 pm