Executive Summary

Many Roseville Greens homeowners may be unaware of a looming financial crisis: our community's insurance premiums have skyrocketed by 400% over the past four years. This alarming increase, double the national average, has already led to a 20% HOA dues hike, and further increases are likely if the issue remains unaddressed. Despite repeated attempts to bring this crisis to the board's attention and provide potential solutions, no meaningful action has been taken. This report exposes this hidden crisis and outlines a proactive plan to lower insurance costs, implement preventative measures, and reinvest savings to enhance our community and protect homeowner investments. By electing board members committed to transparency, action, and financial responsibility, we can safeguard our homes and build a stronger Roseville Greens.

The Problem:

1. Runaway Insurance Premiums:

a. Over the past four years, our community has experienced an alarming 400% increase in insurance costs. While insurance rates are rising nationwide, the average increase is 200% – our HOA's increase is double the national average. 

b. Despite repeated inquiries, requests for information, and even the provision of a mitigation plan in March 2024, the board has failed to take meaningful action. 

c. This inaction raises serious concerns about the board's financial management and commitment to protecting homeowner interests. Consequences include increased HOA fees, reduced community services, or both. This ongoing crisis could lead to another 20% HOA dues increase in the first quarter of 2025, placing a further financial burden on homeowners.

A Proactive Plan:

As a candidate for the HOA board, I am committed to developing and implementing a robust plan to tackle this insurance crisis head-on. This plan will focus on three key areas:

1. Lowering HOA Insurance Premiums:
   a. Negotiate with Insurance Providers: Aggressively negotiate with insurance providers to secure the most favorable rates and coverage options. 

  b. Explore Group Buying Power: Investigate joining forces with other HOAs to leverage collective bargaining power and obtain lower premiums. 

  c. Review Coverage and Deductibles: Carefully review our current insurance policies to identify potential areas where coverage can be adjusted or deductibles increased to lower premiums without compromising essential protection.

2. Implementing Cost-Saving Insurance Measures:
   a. Invest in Preventative Maintenance: Implement a proactive maintenance plan to reduce the likelihood of claims and demonstrate to insurance providers that we are actively mitigating risks. 

  b. Improve Safety Measures: Enhance community safety measures, such as installing security cameras, improving lighting, and addressing potential hazards, to further reduce risks and lower premiums. 

  c. Educate Homeowners: Conduct workshops or provide resources to educate homeowners about their responsibilities in preventing claims and maintaining a safe community.

3. Utilizing Savings to Increase Property Value:
   a. Reinvest Savings: Redirect savings from reduced insurance premiums towards community improvements that enhance property values. 

  b. Enhance Common Areas: Invest in enhancing our existing common areas, such as improving landscaping and ensuring our walkways and shared spaces are well-maintained and inviting.

Benefits for Homeowners:

By implementing this proactive plan, we can:

1. Stabilize HOA Dues: Prevent further increases in HOA dues and potentially even reduce them in the future.

2. Enhance Community Living: Create a safer, more attractive, and more enjoyable community for all residents.

3. Increase Property Values: Boost property values by investing in community improvements and demonstrating responsible financial management.

A Call to Action:

I urge all Roseville Greens homeowners to join me in demanding accountability and action from the HOA board. Together, we can address this insurance crisis and build a stronger, more vibrant community for everyone.

Vote Mark Cummings for HOA Board!

Further reading:
State of the HOA Report 2024

Conquering the HOA Insurance Crisis
Presentation Given to the HOA Board March 2024 - nothing done yet.... a do nothing board