Insurance challenges: Communities facing rising umbrella liability rates

Insurance challenges: Communities facing rising umbrella liability rates

As property insurance rates are somewhat stabilizing in 2022, umbrella liability rates continue rising for common interest communities. New challenges are emerging in the insurance landscape, and it is imperative for board members and community managers to partner with credentialed and experienced professionals who will guide them through this social inflation crisis and will help them mitigate liability claims.

Satisfaction survey: Homeowners overwhelmingly happy with community association living

Satisfaction survey: Homeowners overwhelmingly happy with community association living

Maintenance-free, safety, and cleanliness are top features that make community associations a popular choice and lifestyle for millions of Americans, according to results from the 2022 Homeowner Satisfaction Survey. The overwhelming majority (89%) of homeowners and condominium association residents rate their overall experience of living in a community association as “very good” or “good” (67%), or neutral (22%).

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