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Patricia Grand

 

May 1, 2019

H0 -6 INSURANCE COVERAGE EXPIRATION NOTICE

ACTION REQUIRED

Dear Member,

We have been informed by USI Insurance Services that they are unable to find a carrier to provide competitive pricing for the bulk H0-6 insurance program covering all units at Patricia Grand Resort HOA, Inc.. Therefore, on May 26, 2019 your current H0-6 policy that was previously secured for you by the HOA will expire. You must take action prior to May 26, 2019 to ensure you do not incur a lapse in this essential insurance coverage.

A H0-6 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.

The Board of Directors has enacted a policy that all owners must obtain a H0 -6 policy and provide proof  of coverage to the HOA property manager (Resort Association Management) no later than May 26,2019.

We urge you to contact your insurance agent immediately to purchase a policy and to obtain a declaration page in order to provide proof of coverage to the HOA. A copy of this page must be forwarded to Resort Association Management. For your convenience, we have enclosed a prepaid postage envelope addressed to Resort Association Management for this purpose.

You may also fax your declaration page to 843-497-8577 or email it to ownerinfo@ramresorts.com.

 

Should you have any questions regarding this matter please contact the ResortAssociationManagement office at 843-449-2204 and dial ext .4090.

Sincerely,

On behalf of the Association's Board of Directors

Aaron Harrison

Managing Agent HOA

 

 
 
 

Master Deed

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Certificate of Insurance

Download Certificate of Insurance

Patricia Grand

Residential Assessments

Room/Bedrooms# UnitsOwner Percent2018 Monthly Rate2019 Monthly RateInsurance AssessmentHO6 AssessmentTotal Assessments
1170.37%$684$718$0$0$8,889
1160.3%$547$575$0$0$7,166
1170.36%$659$692$0$0$8,570
1160.43%$786$825$0$0$10,167
1220.26%$481$505$0$0$6,334
1170.45%$826$867$0$0$10,677
1170.47%$877$921$0$0$10,774
1170.44%$821$862$0$0$10,614