Dear Homeowners of Dolphin Cove Condo. Association:
We are reaching out to remind you to take a look at your
Insurance Policies on
your units. As you
are all aware of our units are
almost 50 years old. That’s right,
our complex is getting old.
With that being said we recommend that you call your agent
and let them know
this and talk about what is not only best for you but what
you can afford.
Some things to consider would be as follows:
Ask your agent about a mold rider: Considering that some of the building have
found mold in the units, it would be wise of you to consider having a rider put
on your policy to cover you in the event that mold is found. Remember the
Association’s policy only
protects the common areas and not you’re interior.
Ask your agent about “loss of use”: Should you need to be temporarily moved
another location for any reason, this would help you with housing should you
place to stay.
Ask your agent about “Back up of Sewers and Drain
coverage”: Should a sewer
line be clogged
and create a back up in our line, you would need a rider to cover
you for this
damage if anything was to come back in your unit.
Ask your agent about your deductibles: Should a problem arrive and you need
your policy, make sure this is affordable to you. You may want to look at
your budget, and
consider lower our deductible and increasing the cost of your policy.
Accidents happen and we would not want any of
you to find yourselves in a situation
where you can’t afford to get you unit
back to where you were before the loss.
If you need the information when your roof has been updated
please contact the
office before calling you’re agent. Also don’t forget to address the loss
that may appear on your HO-6 policy.
We hope that you will take these ideas and others to your
agents and make sure
you have a check up done on your policy for your own
Call your agent today or make an appointment to meet with
them right away.
The Board of Dolphin Cove Condo Association