In this episode of AMG's 2024 Community Leaders Series Podcast Edition, the topic of discussion is insurance purchasing. Candace Cole, AMG's Director of Operations for the Triad area of North Carolina, provides insights on the acquisition process and the importance of having the right insurance coverage for community associations. The conversation emphasizes the need for minimum insurance coverage required by governing documents and state laws, as well as additional coverages like cyber insurance and standalone directors and officers insurance. The key takeaway is the importance of working with a professional insurance agent who is well-versed in the HOA industry and regularly reviewing insurance policies.

Chapters

00:00 Introduction to AMG's 2024 Community Leaders Series Podcast Edition
00:31 Discussing the Importance of Insurance Purchasing
02:25 The Need for Minimum Insurance Coverage
05:13 Ensuring Coverage for All
07:06 Finding the Right Insurance Agent
08:05 The Role of the Insurance Agent and Attorney
09:24 The Importance of a Strong Insurance Agent
12:27 Exploring Additional Coverages
16:32 Seeking Advice from Licensed Professionals
18:26 Compliance with Beneficial Ownership Information Reporting
19:13 Final Takeaways and Conclusion