Category: HOA News

Homeowners’ Associations (HOAs) across the United States are experiencing significant increases in insurance premiums, with some seeing costs double or triple upon renewal. Several factors contribute to this surge: Traditionally, opting for higher deductibles—where the policyholder agrees to pay more out-of-pocket before insurance coverage kicks in—has been a strategy to lower premium costs. This approach…
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In 2021, the U.S. government enacted the Corporate Transparency Act (CTA) to increase transparency around company ownership. Aimed at reducing financial crimes like money laundering and tax evasion, the CTA requires many organizations, including certain nonprofits and HOAs, to report key information about their board members or “beneficial owners.” Here’s a quick guide for HOA…
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