Brooks Management

Insurance is the best place to demonstrate the Preservation instead of Restoration thought. If you work on keeping an eye on your unit for leaks, not just in the roof, but under sinks, toilets, washing machines and hot water heaters. You will most likely catch leaks before they get to be a problem.

We advise all owner occupied units to have condominium insurance. Known as an HO-6 policy. If owners are unfamiliar with this, we suggest they contact their insurance agent. Owners should insist that their tenants carry renter's insurance for their personal property.

Please be reminded that the following policy is in effect regarding insurance deductibles for claims against the Association's insurance:

• With regard to insurance deductibles on association claims, the individual unit owner will be responsible for the deductible per incident.
• Individual HO-6 policies should have a provision to pay for the deductible, less your stated deductible. Be sure to check with your personal insurance provider to be sure that the deductible is covered.
• Most associations now have what is known to be an “all in policy”. This means that if you could flip your house up side down anything that fell to the ceiling would be your responsibility, the rest is the associations.

Even if you do all you can do to preserve your investment, there will always be times of accidents. We live in an imperfect world where the Second Law Of Physics (Things are in a constant state of decline, iron will rust, homes will deteriorate as time goes by.) is always at work. However, we can stay ahead of the game if we keep our eyes open.