Insurance Information

The HOA's master insurance policy's deductible structure was recently modified. The new deductible structure is outlined below:

Per Occurrence AOP Deductible - $25,000
Per Building Water Perils Deductible - $50,000
Per Building Ice Damming Deductible - $50,000
Wind/Hail Deductible - 3% Per Building (subject to a $50,000 minimum Per Building)

Please make your personal insurance agent aware of the new deductible structure, as your personal homeowners insurance policy's loss assessment coverage most likely needs to be increased. The HOA's insurance agency now recommends that homeowners' personal insurance policies include $50,000 of loss assessment coverage. A letter regarding this change from the HOA's insurance agency is attached for your review.

For any additional information please reach out to Bouvier Insurance at [email protected] or 615-610-6038 ext 299.