Each homeowner should insure the entire interior of the home. Please carry full replacement for the interior improvements within your homes. Please see the Insurance Claims and Deductibles Resolution (attached).  A letter is also at the bottom of the page with the full detailed information. 

The commercial property policy recently renewed for the 05/01/2025-05/01/2026 policy term. The property policy contains deductibles that you may be responsible for should a loss impact you Unit or the association as a whole It is imperative that you consult with your personal insurance broker or carrier for overage recommendations based on the information provided below.

Below are the deductibles on the current commercial property policy that you may be responsible for as an Owner should a loss occur:

• $10,000 per occurrence for all Covered Losses other than those caused by Wind or Hail
• 5% of the total insurance values for covered losses caused by wind or hail (Note: this equates to $1,861,759 or $15,515 per unit if assessments are split equally among all owners.)

The Association's commercial property coverage follows what is required in the Declaration and any Amendments related to insurance. We've included the most recent information provided to us at the end of the document for reference, however, you will need to verify whether there are any additional governing documents related to insurance to be reviewed/considered. 

Please review the full letter with the FAQ page at the bottom of this page.