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Camelot By The Sea

 

 

ATTENTION HOMEOWNERS:

STAY INFORMED-CLICK HERE---->https://www.scemd.org/

South Carolina Emergency Management Division

 

If you need Security assistance after hours, you may reach CSSI Security at  (843) 415-5773

 

Effective immediately the new code for the security gate is #1014. The old code (#1927) will expire September 1st.

                                             Please share this information with your rental company and guests. 

 

Dear Camelot Homeowner:

 

Recently, the Board of Directors met to review the financial condition of the Association, discuss the condition of the property, and to review the 2022 budget requirements.

 

As a result of that meeting, the Board unanimously approved an increase of 5% in the homeowner monthly assessments beginning January 1, 2022. The increase is necessary due to higher anticipated utility costs, and to fund the current year and future years’ capital requirements. A more detailed discussion regarding the budgeting process and planned 2022 expenditures will occur at the annual meeting in 2021. A formal announcement regarding that meeting was sent separately.

Look out for your 2022 coupons being sent via US Mail. Owners on ACH will continue to have their assessments drafted the 15th of every month.

 

Please visit www.ramresorts.com to access HOA information such as the Master Deed, audit report, budget etc.

 

Yours truly,

 

The Board of Directors

Camelot By The Sea Homeowners’ Association, Inc.

 

 

 

HO-6 INSURANCE COVERAGE EXPIRATION NOTICE

IMMEDIATE ACTION REQUIRED

Dear Camelot By the Sea Homeowner,

We have been informed by USI Insurance Services that they are unable to find a carrier to provide competitive pricing for the bulk HO-6 insurance program covering all units at Camelot By the Sea HOA, Inc..

Therefore, on May 26, 2020 your current HO-6 policy that was previously secured for you by the HOA will expire. You must take action prior to May 26, 2020 to ensure you do not incur a lapse in this essential insurance coverage. 

A HO-6 policy is a necessity for condominium owners and includes insurance on all your personal belongings, furniture, fixtures and equipment, loss of rental income or loss of use and provides a liability insurance component in the event of an accident or injury in your unit.

If you have a mortgage, your lender most likely requires a HO-6 policy. In addition, if you rent your unit your rental agent most likely also requires a policy with adequate coverage.

It is your responsibility to contact your insurance agent and obtain your private policy. Should you not obtain this coverage you may be in violation of your mortgage agreement, your rental agreement and the master deed which governs your liability and responsibility in regards to your condominium property.

The Board of Directors has enacted a policy that all owners must obtain a HO-6 policy and provide proof of coverage to the HOA property manager (Resort Association Management) no later than May 26,2020.

We urge you to contact your insurance agent immediately to purchase a policy and obtain a declaration page in order to provide proof of coverage to the HOA. A copy of this declaration page must be forwarded to Resort Association Management. You will also receive this letter via US Mail. For your convenience, we have enclosed a prepaid postage envelope addressed to RAM for this purpose. You may also fax your declaration page to 843-497-8577 or email a scanned copy to info@ramresorts.com

With the hurricane season upon us, we urge you to contact your insurance agent or any of the agencies listed below.  The insurance agency contact information is provided to assist you in this process. It should not be construed as an endorsement or recommendation by the Board of Directors or your association management company.

 

Should you have any questions, please feel free to contact RAM at 843-449-2204 ext. 4090 or email us at  info@ramresorts.com.

Sincerely,

Aaron Harrison

Management Agent for the Camelot By the Sea Homeowners Association

*** You may find HO-6 Policy Information listed below under Notices. 

 

 

We appreciate your patience and understanding as we navigate through these unchartered territories together. We are eager to be able to return to business as usual, and hope that you are all doing well. We are doing our best to be accommodating as well as adhere to the CDC recommendations. For the most up to date information, please visit: https://www.cityofmyrtlebeach.com/coronavirus/index.phphttps://governor.sc.gov/executive-branch/executive-orders

 

 

__________________________________________________________________________________________________________________________________________________

 

 

Camelot By The Sea

Residential Assessments

Room/Bedrooms# UnitsOwner PercentPrevious Monthly RateMonthly RateInsurance AssessmentTotal Assessments
11180.34%$564.81$581.75$6,981.00
2390.53%$876.00$902.28$10,827.36
3340.7%$1,168.11$1,203.15$14,437.80
STUDIO400.26%$425.82$438.59$5,263.08