Insurance

Insurance Update September 2025

The property damage insurance policy renews mid-September. Laurel and Magnolia's insurance broker is currently working to get the best price indications. As of our insurance town hall held in July, it seems like the HOA will be able to obtain a full coverage property damage policy for roughly $700,000, valid for one year. There will be an assessment to cover excess costs beyond the scope of the budget with a target cost of $2000 per address.