The Association maintains hazard insurance coverage.
It covers liability for injury and property damage.
The property coverage is based on replacement cost; therefore any damage is fully covered, less the deductible of $10,000.
The Association property coverage includes, common areas and any “Unit” damage – not including any upgrades or personal property.
For a certificate of insurance – Please call the Association office at (973) 696-6086 or send an e-mail (firstname.lastname@example.org).
All Members are encouraged to purchase condominium coverage for their personal property and interior damage not otherwise covered by the Association policy. Members should review their policy limits of coverage based on their personal property needs.