Please find attached several important Cedar Hollow Insurance documents for your review.
The first document is a letter from the Association's insurance company regarding our Condominium Master Insurance Policy and it also contains suggestions for all unit owners. It is important that all unit owners fully understand what is and isn't covered by our Master Insurance Policy.
The second document describes some of the changes in law in regards to insurance coverage which are part of the Connecticut Common Interest Ownership Act which was recently amended. These insurance changes were effective July 1, 2010 so it's important you carefully review this information and adjust you own personal coverage if applicable. It also mentions the Cedar Hollow Maintenance Standards which is a separate document also attached.
The third document describes a standard Cedar Hollow condo which is referenced in the letter from the insurance company. In the event of a disaster our Master Policy would only cover the cost of rebuilding a condo to the standard unit as described in this document. Any upgrades made to the condo would not be covered so it it important that your own insurance policy provides that coverage.
Finally, the fourth document describes the Cedar Hollow Maintenance Standards. The failure by any unit owner to follow the written Maintenance Standard which causes a common expense to the Association will result in an assessment against that unit owner for the portion of that common expense in excess of any insurance proceeds received by the Association.
If you have any questions regarding insurance coverage our insurance agent (Rich Bouvier) can be contacted at 860-232-4491 Ext. 110. If you have difficulty reading the attachments or have other questions please submit them to the Board of Directors via email at cedarhollowcondos@gmail.com and we will respond as soon as we can.
Thank
Cedar Hollow Board of Directors
2019 Certificate of Insurance
2019 Cedar Hollow Maintenance Standards
