HOA Master Insurance Policy

Master Insurance Policy 2018-2019

Insurance Coverage

Insurance Coverage: The Association’s insurance coverage is detailed below. Please keep in mind that the Association insures the structure and liability for incidents that occur in the common areas. Each homeowner is expected to provide insurance for their own liability, personal property and the $10,000 deductible on the Association’s master policy.
Name of Insurer: State Farm Insurance
Paul Varelia, Agent
3661 Avocado Blvd.
La Mesa, CA 91941
Tel: (619) 670-8686

Coverage Limits: Buildings (Blanket) $ 18,990,200

Personal Property (Blanket) $ 21,200
Liability $ 5,000,000
Medical (Each Person) $ 5,000
Directors & Officers Liability $ 5,000,000

State law requires that the following statement be included with the annual insurance notification:
“This summary of the association’s policies of insurance provides only certain information, as required by subdivision (e) of Section 1365 of the Civil Code, and should not be considered a substitute for the complete policy terms and conditions contained in the actual policies of insurance. Any association member may, upon request and provision of reasonable notice, review the association’s insurance policies and, upon request and payment of reasonable duplication charges, obtain copies of those policies. Although the association maintains the policies of insurance specified in this summary, the association’s policies of insurance may not cover your property, including personal property or, real property improvements of or around your dwelling, or personal injuries or other losses that occur within or around your dwelling. Even if a loss is covered, you may nevertheless be responsible for paying all or a portion of any deductible that applies. Association members should consult with their
individual insurance broker or agent for appropriate additional coverage. ”
The Board of Directors
Pacific Bluffs Corporation 2