The past few weeks have brought multiple natural disasters to several parts of the U.S. Last week, tropical storm Hilary’s unprecedented landfall brought powerful winds and heavy rains, reminding community association leaders to evaluate their disaster preparations.
Community associations need to prepare for electric vehicles as more drivers bring them home and expect to plug in. Board members and managers can plan to either provide charging stations as an amenity or offer residents guidelines to install their own.
Day three of the 2023 CAI Annual Conference and Exposition: Community NOW introduced attendees to a multitude of education sessions to motivate and prepare. Topics ranged from EV charging strategies, to charting a course post-Surfside, to covering your assets, and more.
As electric vehicle adoption continues to rise in the U.S., community associations must prepare to accommodate the trend by considering plans for paying for, servicing, and administering stations, as well as safety and logistical factors.
More than 90% of respondents in a recent survey conducted by the Foundation for Community Association Research reported that their property and casualty insurance premium had increased at the last or current renewal with 24% citing an increase between $101 and $500, and 14% citing a larger increase. Eleven percent of respondents indicated that their property and casualty coverage was canceled or not renewed.