New owners receive a welcome letter (packet) which contains the BOD Welcome Letter which documents the owner's responsibility The letter states: "The Association holds hazard property damage and liability policies in connection with the general non-exclusive use areas of the community. The Association may insure certain other real property improvements as well. It is incumbent upon each individual owner to ascertain the insurance requirements in connection with his/her unit and exclusive-use areas. You are advised to consult the Association's governing documents an an insurance professional of your choice. We recommend that you provide such insurance professional with a copy of the Association's governing documents that pertain to insurance. Also be advised that if you are a condominium owner and the Association provides certain components of your unit (including, for instance, but not limited to, betterments and improvements) and you likely have a liability for the Associations deductible in connection with claims involving real property improvements that the Association may be required to insure, but is not required to maintain, repair and replace (including for instance fixtures, cabinets, floor coverings, and most improvements to the basement). Again please consult the Association's governing documents and an insurance professional of your choice.
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