Tuesday, May 12, 2009

Insurance renewal update

To put your mind at ease...Pointe West does retain current flood, wind, D&O and property insurance on all buildings with exception of 10 buildings located in the Villas. The flood insurance policy lapsed due to some incorrect elevation issues that the Board was trying to work out with the insurance carrier. They were charging us too much based on these elevation issues. The flood policy for those 10 buildings has be paid by developer deficit funding to reinstate it and the flood carrier is in the process of issuing the new insurance certificates. They should arrive soon.
Elizabeth is still working to fight the elevation issues and will hopefully result in a credit for overpayment. Once the new certificates have arrived, I will post the information to receive them. The addresses of those buildings are:

26350 Cat tail
26320 Cat tail
4151 Pointe West
26411 Cat tail
26471 Cat tail
26421 Cat tail
26451 Cat tail
26461 Cat tail
4221 Grassy Point
26441 Cat tail