The Maintenance Manager: HOA Insurance Crisis Explained with Cory Neubauer

Описание: In this episode of The Maintenance Manager, Dave sits down with Cory Neubauer of NEXTIER Insurance Services to tackle one of the most pressing and controversial issues in the HOA world today—insurance. With skyrocketing premiums and shrinking coverage options, many HOA boards and community managers are struggling to make sense of the current landscape.

Cory breaks it all down, explaining the real factors driving insurance increases beyond what the media reports, shedding light on the California Fair Plan, the FHA insurance dilemma, and what the future holds for 2025. Plus, he shares practical advice for HOAs on how preventive maintenance can impact their insurance costs and what steps they can take to mitigate risk. If you manage an HOA or live in one, you won’t want to miss this expert breakdown!

Timestamps:
00:00 – Intro
00:30 – Understanding the Current California Insurance Market Factors
03:34 – Meet Cory Neubauer & NEXTIER Insurance Services
06:00 – California & U.S. Insurance Increases Explained
11:25 – The Reality of Extraordinary Insurance Increases
13:20 – California Fair Plan Explained
15:22 – Cory’s Insurance Market Prediction for 2025
18:30 – The FHA & Insurance Dilemma
24:50 – How Preventive Maintenance Impacts Insurance Costs
29:46 – How Insurance Carriers Are Limiting Their Risk
34:00 – Is There Any Relief on the Horizon?
42:20 – Cory’s Tips for Community Managers & HOAs

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