Dear Condo Owner,

 

Effective October 18, 2019, Holiday Hills COA will be renewing its master insurance policy with American Family Insurance. The COA’s Master Policy deductibles effective October 18, 2019 will be changing to a 5% per-location deductible for losses caused by windstorm or hail damages.  For all other covered losses, the deductible will remain the per-occurrence $5,000 dollar amount specified in our policy. However, the Earthquake coverage deductible is now 10% of each building.

 

Due to the 5% windstorm and hail deductible per location increase and the change in the policy, the COA’s will REQUIRE all Condominium Owners to purchase or add a “Loss Assessment Coverage” to the Owners Condominium Policy to cover the cost of the portion of the 5% per-location deductible due to windstorm or hail damages. Each owner will be assessed and required to pay if a claim is filed due to windstorm and hail damages.   

 

It is important that Condo Owners are well informed of the COA’s master insurance policy and understand their responsibilities should a loss occur from windstorm and hail damages.  It is the responsibility of the condo owner to obtain appropriate individual unit coverages.  Each Condo Owner is required to have a minimum of $10,000 per-occurrence of “Loss Assessment Coverage”.  The COA has been informed the cost to add this coverage to your personal condo policy is minimal.

 

Each Condo Owner will be required to email/mail/fax the COA a Certificate of Insurance of your policy by November 30, 2019, that reflects the “Loss Assessment Coverage”.

 

Should you have any question regarding individual/Condo Owner insurance coverage please contact your personal insurance agent. Additional information about “Loss Assessment Coverage” along with examples have been included with the COA letter.

 

Also, if you need a renewed insurance certificate for your mortgage company contact Dale Sanders Office directly at 417-334-0000

 

Sincerely,

 

 

Master Board

196 W Rockford Dr. Branson, MO 65616

holidayhills@suddenlinkmail.com

417-336-6785 Fax / 417-334-8364 Office