Cohousing-L Mailing List: HOA Insurance

[Mac Thomson (macthomson]

The cost of our HOA insurance has doubled in the last couple years — from 
~$5K/yr to ~$10K/yr.

That’s just the insurance for the HOA, not for the homes, which are covered 
under separate policies.

The issue that makes finding affordable insurance very difficult for us is that 
we have 65 acres of pastureland with all sorts of farming activities happening 
down there — horses, cattle, llamas, greenhouses, recreational farming, 
quasi-commercial farming, etc. 

I think insurance companies get very uncomfortable when they are faced with the 
unfamiliar. They are familiar with HOA’s and they are familiar with farms, but 
the combination freaks them out.

I’m reaching out to the larger cohousing community network to see what kind of 
insurance you have. Answers to any of these questions would be very helpful.

Can you recommend an insurance company that is cohousing friendly?
Can you recommend an insurance company that is cohousing friendly and farm 
friendly?
How much do you pay annually for your HOA insurance (not including the homes)?
How many households are in your community?

Thank you for any help you can give!

This has become are very frustrating and expensive issue for us.

Thanks,
Mac


-- 
Mac Thomson

Heartwood Cohousing
Southwest Colorado
http://www.heartwoodcohousing.com


"A wise and frugal government, which shall restrain men from injuring one 
another, which shall leave them otherwise free to regulate their own pursuits 
of industry and improvement, and shall not take from the mouth of labor the 
bread it has earned -- this is the sum of good government."
        - Thomas Jefferson
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