May 28, 2026 | Mark Luis Foster

We’ve been focusing on HOA insurance trends in our chapters the past two years or so, as many of our members have reported rising premiums and increased deductibles. In the HOA where I’m a board member, we converted from “all in” insurance (where everything is covered) to “bare walls” (where everything isn’t).  It does shift more of the risk to homeowners’ HO-6 policies, but it did lower the overall master insurance premium by more than $100K.

Throughout May, we were fortunate to have Eric Skarnes, president of Insurance Warehouse, and Adina Bergstrom, general counsel for Gavnat Public Insurance Adjusters, who did a co-presentation at all five of our chapter locations.  I recorded their final May presentation in Maple Grove earlier this week and it’s now available on YouTube (see link below).

If you haven’t seen it, it’s worth your time. They include some common scenarios and Eric discusses trends in the Minnesota market. Forward it to your fellow board members.