Agmt02 Maria La Rocca Estates - Laserfiche WebLink

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Association's fiscal year, that includE~s all of the following information about each policy: (A) ~he name of the insurer; (B) The type of insurance; (C) The policy limits of the insurance; ~=~ ... amount of deductibles, if al , (2!) The Association shall, as soon as reasonably practicat~ notify its members by first-class mail if any of the policies described in paragraph (1) have lapsed, bccn canceled, and are not immediatel~y renewed, restored, or replanted, or if there is a significant change, su~% as a reduction inicoverage or limits or an increase ~n the deductible, for any of =hose policies. If the Association receives any notice of nonrene~l of a policy described in parRgraph (1), the notice of nonrenewal of a policy described in paragraph ~(I), the Association shall immediately notify its member if replacement coverage will not be in effect by the date the existing coverage will lapse. (3) To t~e extent that any of the i! for~tion required to be disclosed 'pursuant (1) is specified ir the insurance policy declaration page, the Association may ~maet its obligation to disclose that information by making cc~ies of that page and distributing it to all of its members. (4) The s~mmary distributed pursuant to paragraph (1) shall oontain, in at least 10-point boldfac type, the following statement: "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 shculd not be considered a substitute for the complete policy terms ~nd conditions contained in the actual policies of insurance. Any ~ssociation member may, upon request and provision of reasons% [e notice, review the Association's insurance policies and, upor request and payment of duplication charges, obtain co~ies of those policies. reasonable Although the Association maintains the ~policies of insurance specified in this s%mTnary, the Association'~~ policies of insurance may not cover your property, including personal property or, real property improvements to or around your dwelling, or personal injuries or other losses that occur within (r around your dwelling. Even if a loss is covered, you may neverthe .ess be responsible for paying all or a portion of any ded%[ctible that applies. Association members should consult with the~.r individual insurance broker or agent for appropriate additional/ooverage."