Dear Eve Condominiums Owner,
Please make your personal insurance agent aware of the new master insurance policy deductibles listed below, as your personal insurance policy’s loss assessment coverage will likely need to be increased.
- The AOP deductible has increased to $25,000 (from $10,000).
- There is now a separate $50,000 water damage deductible.
- There is now a separate $100,000 wind/hail deductible.
Each owner must maintain their own personal insurance policy (often referred to as an HO-6 policy). Your personal insurance policy should cover betterments & improvements, contents, loss assessments, etc.
If your lender needs proof of insurance coverage for the HOA, you will need to make arrangements to have a Certificate of Insurance (COI) sent to them. To request a Certificate of Insurance, please email Robins Insurance Agency at certificates@robinsins.com. Lenders will typically request proof of insurance coverage for the HOA annually.
DISCLAIMER: This email does not contain, extend, modify, or explain all the clauses, conditions, exclusions, or amounts of coverage under the HOA’s insurance policies. Please contact Robins Insurance Agency if you have any specific questions regarding coverage.
Regards,
David Floyd & Associates, Inc.
Managing Agent for Eve Condominiums HOA