Dec 11, 2026
A Sunnyvale HOA faced a budget-shattering insurance renewal: $206,000—nearly 7x last year's $30,000 premium. Homeowners demanded answers, and the board faced steep assessment hikes. nexova.ai stepped in with data-driven governance, delivering over $100K in annual savings plus stronger coverage.
Root Cause: One Claim's $200K Ripple Effect
California's insurance crisis amplified the problem, but the trigger was a prior claim: $4,000 deductible with just $6,000 payout. This spiked the community's risk rating, inflating premiums by nearly $200,000 yearly. Budget chaos and eroding trust followed.
nexova ai Strategy: Governance Before Premiums
Our Community Manager led a rigorous, end-to-end renewal—prioritizing protection over price-chasing:
Diagnose Risk Drivers: Audited claims history and underwriting data to identify premium inflators.
Set Coverage Standards: Defined non-negotiable protections—125% Extended Replacement Cost (ERC) and full Building Ordinance coverage—matching true exposure.
Orchestrate the Process: Leveraged our broker network for top-tier partners, managing negotiations for optimal cost and quality.
The Results: $100K+ Savings + Upgraded Protection
Premium: $206,000 → under $100,000 (50%+ reduction)
Coverage Wins:
125% Extended Replacement Cost—buffers inflation/construction spikes
$1M Umbrella Liability—no deductible, robust legal shield
This wasn't luck; it was systematic risk governance restoring financial stability.
Why Claims Governance Matters for HOAs
One poor claim decision can haunt budgets for years. Like our Elev8tion HOA success, nexova.ai combines expertise with strategy to turn crises into wins—delivering savings without skimping on protection.Explore Our Full Suite of Services to see how we prevent crises and maximize value across insurance, budgeting, and operations.
Ready to audit your HOA's insurance and unlock similar savings? Get Your Free Insurance Review today.
