Cohousing-L Mailing List: Re: HOA Insurance

[John Garrison (wascom.unit9]

Hi Mac--

John from Wasatch Commons UT here. Hey, we'll switch providers with y'all
-- we're 26 units, 4 acres, and around $17 K annual premium, no flood.

Being new to the community here, I'm gobsmacked at the rate, and just
beginning to look at what we're paying for, possible alternatives, etc. The
policy is through a local broker and carried by Travelers Indemnity.

Happy to compare more notes with you...

Best,
John Garrison

On Wed, May 11, 2016 at 8:52 AM, Mac Thomson <macthomson [at] me.com> wrote:

>
> 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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