2026-09-10 · Colorado · Courts · Reported — unconfirmed

A Colorado Springs association is reported to have carried a $3.2 million insurance deductible while its governing documents capped the association's deductible at the lesser of 1% of insured value or $10,000 — and more than fifty mechanic's lien notices have since been filed against individual homes. KOAA News 5 published the account on July 7, 2026. The matter is in active litigation and we take no position on how it comes out.¹

We report it because it is the state's own abstract findings made concrete in one community, and because it generates a checklist every Colorado board can act on today.

What is reported

The community is the Soaring Eagles HOA, northeast of Milton E. Proby Parkway and Hancock Expressway in Colorado Springs. The precipitating event was a hailstorm on August 1, 2024.

Per the reporting: the governing documents capped the association's deductible at the lesser of 1% of insured value or $10,000; the board obtained a policy carrying a $3.2 million deductible; a $3.6 million roofing contract followed; special assessments of approximately $21,000 per homeowner were levied; and in June more than fifty mechanic's lien notices were filed against individual properties by RowCal Construction & Maintenance.

Owners' counsel Robert Schifferdecker is reported to argue the liens were filed after Colorado's statutory deadline because the roofing work was completed in November, and to allege that RowCal Property Management advised awarding the contract to its affiliated construction company despite lower bids. RowCal's attorney declined to comment because the matter is before the court.

Board member Kaylin Stepien, quoted: “We could be foreclosed on. Everybody could be foreclosed on.”

These are allegations and reported facts. Nothing here is a finding, and we do not predict the outcome on the lien deadlines, the bidding, or anything else.

1. "HOA residents face mechanic's liens amid insurance dispute in Colorado Springs," KOAA News 5, July 7, 2026 — source of all reported facts and quotations ↩
2. HB24-1108 Final Report: Analysis of HOA & Lodging Facilities in Colorado, Lewis & Ellis for the Colorado Division of Insurance ↩
3. Freddie Mac Guide Bulletin 2026-C (March 18, 2026) — the deductible buy-back provision and the $50,000 per-unit deductible cap ↩
4. "Lawmakers want to study HOA insurance market," 9NEWS — the Foley-Healy testimony ↩
5. Colorado governor's home insurance cost-reduction goal, Summit Daily ↩