What happens when one homeowner's burst water line damages neighboring condos, and the insurance company decides who's responsible?Mike shares an unusual insurance claim that challenged what he thought he knew after nearly three decades in the industry.From third-party property damage and HOA insurance coverage to the responsibilities that come with community dog parks, this episode explores the risks that can become expensive problems for homeowners and associations.Learn what HOA boards and community managers should be paying attention to before the next claim happens! #HOA #InsuranceClaims #HOALiability #PropertyManagement

What looks like a small risk can quickly become a major problem for an HOA.In this episode, Mike breaks down real-world risks that every HOA board should be paying attention to — from grills and fire safety to gym rules, aging electrical panels, insurance requirements, and the costly consequences of ignoring known hazards.What happens when a board knows about a risk but doesn’t act? When is making an exception actually creating liability? And how can something as simple as an electrical panel affect your community’s insurance?Mike walks through the practical side of risk management and why having rules isn’t enough — you have to communicate them, enforce them, and act when a problem is identified.

In this episode of Covering HOAs with One Hot Mike, Mike breaks down real HOA disasters, real insurance claims, and the decisions that could have prevented them.From buildings accidentally left off an insurance policy and million-dollar deductibles to uninsured contractors, deferred maintenance, property hazards, and even a contract written on the back of a bar napkin... these stories actually happened.More importantly, Mike explains what boards, community managers, and homeowners can learn from them - - and the simple steps that can help prevent the next disaster.Real claims. Real consequences. Lessons worth learning before they happen to your community.👍 Make sure to Like and Subscribe to Covering HOAs with One Hot Mike for more real conversations about protecting your community.