HOAs are tasked with managing the functionality and safety of the housing association. According to CAM, approximately 57 million people are living in HOAs nationwide, so it can be difficult to manage each individual person’s expectations. However, with these simple tips in mind, your HOA can prevent disaster and take their needs into consideration, minimizing the need for litigation and disputes. Protect your association with an LA HOA Insurance policy and heed the following advice.
While it’s impossible to please everyone, the majority must be taken into account when creating HOA rules and regulations. In addition to the obvious desires such as peace and quiet, safety, and convenience, homeowners want more. Offering amenities, snow removal, grounds maintenance and more is expected and commonplace these days.
So, how does the HOA navigate this? Communication. Allow feedback for initiatives, provide an open-door policy, and encourage involvement to minimize these issues. After all, your homeowners won’t feel like the HOA is hearing them or representing them accurately if they can never voice their concerns. It’s also recommended that your HOA use social media, a website, and email to keep residents in the loop. As we discussed in a previous blog, it’s important to follow social media etiquette.
Find a balance between running the association fairly and appeasing homeowners. With open lines of communication, disputes from homeowners who feel as though rules are being forced on them are less likely to occur.
About Scott Litman Insurance Agency
At Scott Litman Insurance Agency, we are dedicated to protecting HOAs like yours. We have a unique understanding of the industry and the common risk exposures that you face in your daily operations. In fact, we find that 90% of the policies we review are missing coverages that violate the Covenants, Conditions, and Restrictions (CC&R), exposing the board, HOA and management to lawsuits – which is why our comprehensive policies are tailored to meet your specific needs at competitive prices. For more information about our products, contact our experts today at (818) 879-5980 ext. 201, or fill out our online form.