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I. The Association carries insurance to cover catastrophic losses to the property. The insurance coverage includes: A. All common areas of the building are covered under this policy as well as the structure of the individual unit through the primer coat of paint on the drywall. “Standard” cabinetry and built-in appliances will also be covered. Homeowners who have upgraded either of these items are responsible for insuring the upgrade. B. All common area structures, including the clubhouse (and its decorating and contents), all equipment used for building and grounds operation and maintenance, fences, light posts, street signs, Association signs, recreational equipment, including the swimming pool, landscaping, etc. C. All claims are subject to the deductible on the insurance policy. II. All maintenance and general repairs that are not covered by the Association’s insurance are the responsibility of the homeowner. The Association strongly recommends that each homeowner should have a HO6 Condominium policy to cover his or her contents and public liability within the limit. A HO6 policy should include such items as: A. The finish coat of paint B. Air conditioner C. Carpeting, padding and tiles D. The cost of upgrades to your cabinetry, dishwasher and garbage disposal E. Personal possessions F. Plumbing – the homeowner will be fully responsible for any/all damages caused by any means of alteration of the original water, electric, gas or sewer lines, including, but limited to the cost of the repair to the neighbor’s and/or the Association’s property. III. When casualty losses occur, it is the homeowner’s responsibility to report them to the Managing Agent immediately. If a homeowner fails to report a loss in a timely manner and the insurance company denies the claim because of untimely reporting, the homeowner becomes liable for the loss. IV. In cases where the damage is less than the Association’s deductible, the unit owner’s insurance, or the unit owner personally, will be responsible to pay for the damage. V. In cases where the damage is more than the Association’s deductible, the responsible unit owner will be charged back for the Association’s deductible.
Certificate of Insurance may be obtained by contacting
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