PEPEEKEO, US — November 2, 2026 — –REDPRESSWIRE– SmartProperty® has announced a strategic partnership with Coverwatch to connect its Living Reserve Study® and Atlas™ data with Coverwatch’s flat-fee insurance brokerage for community associations. The collaboration is designed to enable well-maintained associations to use their reserve study data during insurance renewals, potentially resulting in lower insurance costs and improved transparency for boards and residents alike.
SmartProperty, a company recognized for Reserve Study Intelligence, and Coverwatch, an AI-native insurance brokerage that acts as a fractional risk advisor to community associations, have launched a program that directly links the reserve study to the insurance renewal. Associations that maintain current reserve records through the Living Reserve Study® platform can now have that data delivered directly to insurance carriers by Coverwatch at renewal time. This connection allows associations to demonstrate the true condition of their properties, helping carriers make more informed decisions about coverage and pricing.
Historically, the reserve study and the insurance program have operated independently, each housed in separate documents and often managed by different professionals. The reserve study is a forward-looking plan that maps out 30 years of capital spending, ensuring that associations budget for major repairs and replacements over time. In contrast, insurance programs are focused on assessing the present-day risks facing a building or community, such as deferred maintenance or recent losses. Despite their different timeframes, both rely on accurate, up-to-date information about the property’s condition and maintenance history. By bridging these two domains, the partnership between SmartProperty and Coverwatch aims to create a more integrated and efficient process for associations, boards, and underwriters.
Insurance has become one of the largest and fastest-growing expenses in association budgets, often rivaling or exceeding other major line items. The 2021 collapse of Champlain Towers South in Florida brought increased scrutiny to the industry, prompting insurance carriers to narrow coverage, raise premiums, and examine factors such as deferred maintenance, water losses, and underfunded reserves more closely. Associations that cannot demonstrate proactive maintenance or adequate reserve funding may face higher premiums or reduced coverage, putting additional financial strain on their communities.
SmartProperty’s Atlas™ platform draws from more than 20 years of proprietary reserve study data, with each component of a property tied to its category, age, condition, and replacement history. The PRISM system provides underwriters with a detailed, data-driven view of each homeowners association (HOA), offering a higher resolution of risk for every insurance submission. This level of detail helps underwriters move beyond generic base rates and make decisions that reflect the actual risk profile of each property.
Through the partnership, Coverwatch incorporates reserve study records directly into insurance submissions. Instead of simply attaching a lengthy reserve study PDF to a standard insurance application, carriers receive a clear and organized account of the community’s component inventory, recent replacements, funding levels, and maintenance plans. Coverwatch then shops the insurance program across more than 50 carriers, negotiating terms on behalf of the association to secure favorable coverage and pricing. This process is designed to reward well-managed communities and encourage proactive stewardship of shared assets.
Currently, insurance carriers often price well-managed and poorly managed communities in a similar way, which can be frustrating for boards that invest time and resources in maintaining their properties. The SmartProperty and Coverwatch partnership seeks to address this by ensuring that up-to-date reserve studies, proper funding, and timely repairs are reflected in the underwriting process. SmartProperty will introduce communities with strong reserve records to Coverwatch for a complimentary coverage analysis and risk management strategy ahead of renewal, providing boards with actionable insights and support as they navigate the insurance market.
Unlike most insurance brokers who are paid a percentage of the premium, Coverwatch charges a flat fee, which is set below the commission it replaces. This means associations can realize immediate savings by switching to Coverwatch, even before accounting for any additional savings generated through improved underwriting. As a fractional risk advisor, Coverwatch also provides year-round services, supporting associations not only at renewal but throughout the policy term with ongoing risk management and claims support.
“Insurance is one of the largest lines in an association’s budget, and one of the hardest for a board to control,” said Damian J. Esparza, CEO and Founder of SmartProperty. “A reserve study that keeps up with the property should be worth something at renewal. With Coverwatch, a board that takes care of its building can prove it to the carrier and see the benefit.”
“Carriers are already reading reserve studies to understand the buildings they insure,” said Miquel Llobet, CEO and Co-Founder of Coverwatch. “SmartProperty turns that study into a record underwriters can trust. Because we charge a flat fee, every dollar we save stays with the community.”
About SmartProperty
SmartProperty provides reserve studies, capital reserve planning services, and technology solutions that help HOAs, community associations, and clubs make better long-term capital planning decisions. Through its flagship Living Reserve Study® platform, SmartProperty transforms traditional reserve studies into continuously evolving financial roadmaps that improve transparency, funding confidence, and asset stewardship. Guided by its vision to build the physical ledger for the built world, SmartProperty is building the foundation for smarter stewardship of physical assets. SmartProperty is headquartered in San Diego, CA. Learn more at smartproperty.com.
Media Gallery
###
Media Contact
Company: SmartProperty
Contact Person: Chris Deon
Email: Send email
Website: www.smartproperty.com
Phone: (877) 864-8955
Title: SmartProperty
