Master Policy/Homeowners Coverage
Our Yacht Club Knolls master condominium policy insures:
All building items are covered as originally built.
Only the interest of the Association
The buildings and items as originally conveyed by the developer
Standard grade built-in appliances and cabinets
Walls, ceiling and flooring that make up the interior of the dwelling
Electrical wiring and plumbing fixtures
Owner alterations or upgrades are normally not covered.
Subject to our deductible the building is covered for perils like
fire, lightning, windstorm, hurricane, vehicle damage, water overflow,
smoke damage etc.
Flood damage is not covered.
A Homeowners Policy can insure:
An individual homeowners policy is necessary to fully protect
you and your unit. Do not rely on just the master policy. If you have
fire or hurricane damage, the master policy will take care of items as
originally built. You need a homeowner's policy to cover your interests and expenses to live elsewhere while we rebuild your unit. Call your agent today and discuss your insurance needs.
- Your personal contents or household goods
- Improvements/upgrades to the dwelling made by you or a former owner
- The cost to live elsewhere while your unit is being repaired
- Loss Assessment
- Personal Liability
If you have a claim please report all matters to the property manager
and/or general manager. An incident report will be made and forward to
the insurance company.
If you receive a letter from your mortgage company please fax the letter
directly to Insurance Associates at (808) 531-8361 and the requested information will be sent to your mortgage company.
If you were to rent your unit to others, you still need to insure any
improvements to your unit, any contents you furnish, your rental income
and your personal liability. You should also advise your tenants that
they will need to insure against damage to their possessions as neither
your policy nor the Association's policy will provide coverage.
Us..... Board Members..... Form
Documents..... Owner Access.....