REFLECTIONS OF WALNUT CREEK II HOMEOWNER’S ASSOCIATION INSURANCE SUMMARY

I      MASTER PROPERTY POLICY

MASTER POLICY PROVIDED BY HIGGINBOTHAM & ASSOCIATES, TO INCLUDE THE FOLLOWING: PHYSICAL STRUCTURE OF THE BUILDINGS FROM THE INTERIOR WALLS OUTWARD, AND INCLUDING:

1. All exterior walls, roofs and facia
2. Windows and doors
3. Interior walls, floors and ceilings
4. Window coverings, wall coverings, floor coverings, built in appliances and cabinets including upgrades.

II     PERSONAL POLICY

EACH PARTICIPANT IN THE ABOVE POLICY SHOULD ALSO SEEK TO OBTAIN A PERSONAL INSURANCE POLICY (COMMONLY REFERRED TO AS A HO-A OR B CONDO POLICY FOR CONTENTS/ADDITIONS AND ALTERATIONS TO COVER THE FOLLOWING ITEMS:

THIS COVERAGE IS AVALABLE FROM MOST INSURERS

1. Personal property and belongings – such as clothing, furniture, kitchenware, etc.
2. Loss of Use of Dwelling – Example: In the event of a fire, would provide you with assistance to obtain and pay for temporary lodging while your unit was repaired.
3. Loss Assessment – will provide “gap” coverage in the event of the Association assesses owners to cover a deductible.
4. Premise Liability – Example: Someone trips and falls inside your home, or on your property
5. Loss of Rents – will provide lost rent income in the event that your home becomes unlivable due to an event like a fire or other covered peril.

This summary is provided to you as a guide. Please refer to your policies for specific provisions and exclusions. As with any important decision involving insurance, please seek the advice of professionals in the field. If you should have questions pertaining to the Master Policy, please feel free to direct them to Adriane Simons, Property Manager.    Contacts.