The Association’s insurance includes property and casualty policies for the building structure, all common area property and equipment. It also includes Liability and Directors & Officers policies that cover Directors, Committee Members and volunteers working on behalf of the Association. In areas prone to Flooding, the association will also carry Flood Insurance covering the structure and apartments within the building (excluding contents).
The association insurance policy WILL NOT cover individual apartment damage, interior or exterior contents or any equipment not purchased by the association. We always recommend owners carry, at all times, Owners/Tenants insurance policies. The cost of these policies is extremely reasonable, annually only a few hundred dollars