> Regulations and Documents: Declaration, ByLaws, Rules > INSURANCE REQUIREMENTS

2022 Conservancy Board of Directors:
Our Calendar
Regulations and Documents: Declaration, ByLaws, Rules
Conservancy, Council , Committee Meeting Minutes
Addition, Alteration, or Improvement (AAI Form is at the bottom of this page)
Contact Elite Property Management
What to Expect from the Landscape/Snow Contractor
Specific Information for Each Council
Committees
Amenities
History of Walden Woods
Book Club


INSURANCE REQUIREMENTS

FOR WOODMOOR, RIDGE AND VILLAGE HOMES:  As stated in the Declaration, Walden Woods Conservancy homeowners are required to have their own individual homeowners' (HO-3) in place. Unit owners in these three councils are required to provide proof of insurance to the property manager on an annual basis.

The amount of coverage must be equal to 100% of the unit's replacement cost at the time the insurance is purchased and at each renewal date. If the homeowner fails to maintain appropriate insurance, the Association may, after Notice and Hearing, buy insurance and charge the cost to the homeowner as a Common Expense assessment.

FOR  DUPLEX AND TOWNHOME COUNCIL HOMES : Connecticut's Common Interest Ownership Act requires the Association to carry a group policy to cover the exterior portions of those homes sharing a common wall.  Applicable homeowners must reimburse the Association for the cost of the group policy via their fees as budget and must carry individual HO-6 type policies to cover the interior walls and contents of their homes.

Specific coverage and compliance requirements for units in any council are referenced in the Declaration. Questions about insurance requirements should be directed to the property manager.


> Regulations and Documents: Declaration, ByLaws, Rules > INSURANCE REQUIREMENTS
Home - 2022 Conservancy Board of Directors: - Our Calendar - Regulations and Documents: Declaration, ByLaws, Rules - Conservancy, Council , Committee Meeting Minutes - Addition, Alteration, or Improvement (AAI Form is at the bottom of this page) - Contact Elite Property Management - What to Expect from the Landscape/Snow Contractor - Specific Information for Each Council - Committees - Amenities - History of Walden Woods - Book Club