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The Complete HOA End-of-Year Checklist

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Revisit your emergency action plan and look for ways to improve and strengthen your response. Emergency Action Plan • Gather a committee to review the current plan. • Assess essential details, like response times, team effectiveness, residents who need special assistance, and contractor performance. • Make updates as needed. Check that your community is effectively managing risk with the proper insurance coverage. Insurance Policies • Review insurance policies. • Request updated insurance information from vendors to certify compliance. • Confirm you've made all insurance payments. • Ask about premium increases. • Identify any new risks, considering property, liability, income, and personnel. • Guarantee your association is covered properly and in compliance with all HOA requirements. • Ask an insurance agent about any gaps in coverage and options for addressing them.

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