At Aspire Insurance Group, we love celebrating wins — especially when they make a real difference for our clients and their communities. Recently, our team had the opportunity to help a local townhome association in the Twin Cities area navigate one of the toughest insurance renewal markets we’ve seen in years.
Across Minnesota and Wisconsin, townhome associations have been hit hard by repeated hailstorms and rising insurance premiums. Many associations are facing significant rate increases, while unit owners are struggling to secure the loss assessment coverage they need to meet their association’s bylaws. In some cases, these challenges have even impacted real estate sales — with units unable to close because the required insurance coverage simply wasn’t available.
That’s why this recent success felt especially rewarding.
We worked closely with a self-managed townhome association — one that’s led by a proactive, dedicated board of volunteers. Together, we reviewed their policy, analyzed their bylaws, and carefully restructured their insurance program to maintain compliance while lowering costs.
The result?
✅ A premium that’s actually lower than last year’s, despite the challenging market.
✅ Minimal impact on individual unit owners.
✅ A renewed sense of confidence and teamwork between Aspire and the association board.
When our team attended the annual meeting with the board and homeowners, it was clear how much collaboration and preparation had paid off. The discussion was positive, productive, and forward-thinking — something that’s been hard to come by in today’s insurance landscape.
It was a powerful reminder that there are still wins out there — especially when everyone works together with the right strategy and guidance.
🎥 Take a listen to Beth’s short video HERE, where she shares how collaboration and proactive planning led to this success — and how your association can do the same.
If you’re part of a condo or townhome association that’s feeling the pressure of rising rates or limited coverage options, we’d love to help you, too. Our experienced team understands the unique challenges of association and HOA insurance, and we’ll partner with your board to find solutions that make sense for your community.
Let Aspire help you turn your challenges into success stories — one association at a time.