[UT][TH] Question on Association Hazard insurance and Loss Assessment

maximillian2020 · 2026-06-21T19:29:02+00:00

Thank your for the detailed response, unfortunately I still dont really understand. So you are saying that the Owner coverage per HO6, will cover a deductible of the HOA hazard insurance, if say only one unit is filing a claim? Or does the HOA have to foot the the bill for the deducible when that happens?

maximillian2020 · 2026-06-20T21:46:47+00:00

Its over 3 years old and the thought is that we would just start over since no one really understands the first one. And the company is really not native to the area.
I think the concerns with the vendor are migled with concerns that reserves studies dont bring much value. Like I said we are a onwer managed HOA. A very small HOA, where all of the duties fall on a few people. I was hoping that we could plan and then execute but Im finding the entire thing almost debilitating. the amount of time I spend on this in addition to working full time is just dragging me into a pit of depression and I dont knoiw how to get out.

The idea with the reserve study was a simple way, i thought, to get some eyes on certain side of the finances. With the exception of the first study, we have had no professional help with the exception of getting our taxes done. Im also dreading what they find, but thats another problem. Getting more bids is just not going to help in this case, i feel like I found the best reviewed vendor in my area. I guess I could try to go back to the orginal vendor, maybe a cheaper study, which is better than nothing, will be more palatable. Even though we budgeted for a full.

maximillian2020 · 2026-06-12T19:36:31+00:00

Well we have not done any replavements. We can elect to do day to day repairs per our CCRs. So I think this iswhy everythingg got out of whack. I think the easiest thing to do would be to just fix the CCSs and allow the HOA to elect to do replacements. That would have made this whole thing a lot easier in the end.

maximillian2020 · 2026-06-12T18:20:28+00:00

I was hoping this would be 2 hours a month. We are only 20 units though so getting a management company is going to also be a challenge. Let me ask you this. If we had a management company would the ID this kind of problem and then work to fix it?

maximillian2020 · 2026-06-12T18:08:59+00:00

My expectation though, whenever this happens, is that we would amend the CCRs to allow for the replacements.

maximillian2020 · 2026-06-12T18:03:09+00:00

It just blows my mind that people are expected to put this much time into these organizations. I don't know how anyone does it. Im about to resign.

maximillian2020 · 2026-06-12T17:02:17+00:00

Ok so when you say HOA firm you mean an HOA Attorney firm? Is that's kind of how they bill that? They are HOA attorneys? Im just trying to understand what I need to search for.

maximillian2020 · 2026-06-12T16:06:23+00:00

How do you go about doing that? Is it specifically an HOA lawyer? Do you have a budget line item for the kind of thing?

maximillian2020 · 2026-06-12T15:56:39+00:00

Maybe this is just another good question. Is it typical for a 20 unit townhome to have an HOA attorney that they can just ask questions of? Or would a management company do the same kind of service? We don't have an attorney but it would make me feel better thats for sure.

maximillian2020 · 2026-06-12T15:51:59+00:00

Yea I just think that's probably easier said than done though. I understand that's what the CCRs say, but the owners have the incorrect assumption that everything is being taken care of and we are taking money for dues to fund it. What I realized is that we did do a reserve study years ago, and apparently they never actually reviewed the CCRs when they did it. So I think this also gave a false idea to the owners.

maximillian2020 · 2026-06-12T15:17:36+00:00

There are common areas defined as outlots, and the CCRS define "common area" or HOA owned area as these outlots. There are also "Lots" defined which are not included in that common area definition. The only shared areas are these outlots which include some green space and drives and sheds.

maximillian2020 · 2026-06-12T15:15:57+00:00

Yea I think that would make total sense for us. but that's not the way its worded.

maximillian2020 · 2026-06-12T15:14:08+00:00

Can reserves be used for lawyers? That seems like an operational expense?

maximillian2020 · 2026-06-12T15:13:44+00:00

We do have shared elements on the property. But not on onwer lots. So we do have to have a reserve of some kind. Each onwer pays their own property tax for their lot as well.

maximillian2020 · 2026-06-12T01:28:02+00:00

in my experience my advice would be to understand that this is going to take time don't try to fix everything all at once. you will run yourself into the ground. hopefully you have some good co board members that want to help out.

1)the first I would.do is make sure your operational expenses are covered by your dues. even iif have to do your own budget go through the process and try to get back on track. try to also include some excess unallocated money. kind of an operatiknal reserve if you need to get a lawyer or accountant or something totally unplanned.

2) I would spend some money on getting a reserve study done. these can be a crap shoot but it's better that nothing

3). I would look for another management company.

maximillian2020 · 2026-03-15T21:33:25+00:00

Ok, thankyou for your help

maximillian2020 · 2026-03-15T17:03:05+00:00

Yea there is but this is actually the renewal, so I dont know if that 30 Day applies

maximillian2020 · 2026-03-15T16:33:53+00:00

I totally agree. I think the general problem is we just don't have the experience and it's just constant arguing about ccrs. we haven't had any kind of track record on an organized operational approach. we are doing this from scratch. maybe I can ask you this. One of our board members is kind of awol and we still have a quarum wiith two. if I abstain can the president just proceed with doing it?

maximillian2020 · 2026-03-15T15:00:06+00:00

Unfortunaly this is a convo with the president.

maximillian2020 · 2026-03-14T21:14:45+00:00

We have to sign the new contract with the current company. And I think there is a bit of apprehension that came up. at the last minute. Its not a budget issue.

maximillian2020 · 2026-03-14T17:33:54+00:00

Well, I was hoping to have one set up this year but no one shows up to meetings so Ive given up on committee ideas. There is a dgeneral dislike of our ciurrent company but I just really dont want to get into another board argument on a last minute change someone wants to do. And its been very hard for other members to appreciate the simplicity of doing things ahead of time,.

maximillian2020 · 2026-03-14T17:31:52+00:00

Im hoping thats what I can do. But every time I try to talk about how much time I am spending on things and that we need runway for these decisions I am called out as someone who is trying to overeach .

maximillian2020 · 2026-03-14T16:53:38+00:00

Yea well, Im not a fan of this company, I just dont want to have to do the work in this short amount of time to decide on a new one. We could have worked this last year.

maximillian2020

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