Description
Please have a copy of your homeowner’s insurance policy ready to upload during checkout.
The HOA Board is requesting a copy of your homeowner’s insurance policy per Section 9 of the Bylaws:
Each Owner shall obtain, immediately upon acquiring an interest in any Lot, fire and extended coverage insurance for no less than the full insurable value of all buildings and structures located on the Owner’s Lot and public liability insurance for an amount not less than a combined single liability limit of Three Hundred Thousand Dollars ($300,000.00) and upon the contents of any building or structure located on the Lot with a coverage amount as determined by the Owner. Each Owner shall provide evidence to the Association that such insurance is in force and is being maintained. Each such policy shall contain a provision that it shall not be canceled without at least ten (10) days written notice to the Association. If an Owner fails to maintain such insurance, the Association, on behalf of the Owner, may do so. The cost there of shall be a special assessment with respect to such Owner only and the Lot of the Owner may be subjected to a lien therefor which may be enforced as the lien for any other assessment of the Association. The Association and all the other Owners shall be deemed to have insurable interests, to the extent provided above, in all buildings and structures located on the Property.
