The Importance of Loss Assessment Coverage
Insurance in an Association can be confusing. One important distinction in your personal homeowner policy package (commonly called an “HO6” policy) is Loss Assessment Coverage. This coverage is typically different from your “Real Property Coverage.” Real Property Coverage should cover your personal contents, coverage of building construction items like flooring and walls that may NOT […]
Communication is Key: Forging Stronger Communities through Effective HOA Communication
The Foundation of Community Harmony Effective communication lies at the heart of a thriving Homeowners Association (HOA). In this blog post, we will delve into the critical role of clear and transparent communication within an HOA, exploring why it is the foundation for building stronger, more harmonious communities. The Significance of Clear Communication in HOAs […]
2024 Sharper Event Calendar
Mark your calendars for the following Sharper events, which are all free to you as a valued client and Board member. Board Training Opportunity – January 24 The first in our quarterly Board Training sessions will be Wednesday, January 24, 2024, 6 p.m. at the Wells Fargo Plaza, 2nd Floor Training Room at 7900 Xerces […]
Legislative Changes Affecting HOAs
The 2023 legislative session in Minnesota was active, with several significant bills that will impact community associations in the state. Below is an abbreviating listing of those topics. As the laws are further defined and incorporated into daily living in HOAs, we will continue diving deeper into these topics in future newsletters and publications. Marijuana/Cannabis […]
Insurance Market Troubles
The insurance market for HOAs has been volatile, at best, for the last decade. 2023 has been horrendous on a number of fronts. For most associations, premium increases have been somewhere between 20-40%. For some, the primary business/structural policy premium has doubled. And for a rapidly growing number of associations, surprising news of non-renewals has […]
Sharper Launches Educational Video Library
We are extremely excited to launch our Video Resource Library – which contains nearly 100 professionally filmed educational videos with topics ranging from insurance to governing documents, to financials, to association meetings, and more. Although there are nearly 6 hours of total footage, each video is a short 2-8 minutes long with a very specific […]
Snow Removal Reminders
The snow has begun to fall. We would like to remind everyone about factors that may come into play during a snow event. Trigger Depth Most HOA contracts will state an accumulation total that must be met before snow removal services commence. For most places, the trigger depth is between 1-2 inches of snow. Accumulations […]
Sharper Dominates at Industry Gala & Award Ceremony
For the second consecutive year, Sharper had a huge night at the annual Community Association Institute (CAI) Holiday Gala and Vision Awards ceremony. CAI, the international trade organization for community associations and regarded as the national experts in education programs, publications, association governance, and advocacy, and the accreditation body holds this annual event to recognize […]
The Responsibility of an HOA Management Company
Sometimes, the roles of an HOA and an HOA management company can get confusing. Questions about what we do are common, and the answer varies depending on each association and their needs. Some associations need help in certain areas, while others need full-service management. Here’s a quick look into our two service packages: Financial-Only Services […]
Winter Prep: Snow Removal Contractors
Minnesota winters can be pretty unpredictable, but your snow removal rules shouldn’t be. Don’t wait until the first snowfall to have your snow removal contracts set in place—the specifics need to be created ahead of time so that you aren’t flooded with questions and concerns about policies. If you don’t have a snow removal contract […]