Poinciana Place Town Homes Insurance Documents

Our Association is an HOA.  Our documents provide that the Association is responsible for the maintenance and repair of the exterior walls and roofs (plywood and above).  They also require the Association to maintain insurance to repair or replace our building structures.

In the event of damages or destruction to one or more of our homes due to a covered peril, the Association’s insurance policy should cover the repair or replacement of the walls and roof less the deductible for that building.  If all the units in a building were lost, the insurance would cover the reconstruction of the building less the deductible.  If only one unit was destroyed, the insurance would cover the reconstruction cost of the unit in excess of the deductible for the entire building.  This means that the Association may have to bear the entire cost or most of the cost of the repair to a single unit.

The Association’s insurance would not cover the cost of reconstructing kitchens and bathrooms.  Nor would replacing lighting fixtures, HVAC systems, hot water tanks, garage door operators, washers and dryers, kitchen appliances, and other items within the walls of your unit be included.  All your personal property would also not be covered along with the cost for you to live elsewhere while your unit was rebuilt.  To be sure that you are insured for these costs, you should carry a Homeowner’s Insurance Policy using a form HO6.  With adequate coverage amounts, the annual cost of such a policy will probably be within the range of $3,200 to $3,600.

Because we are an HOA, some carriers want to write the coverage on the more expensive HO3 form.  If your agent cannot provide you with adequate coverage at a reasonable price, you might want to contact Alice Rulau at Plastridge Insurance Agency (561-819-1529) to see what they can do for you.

Links to view or download our Association's insurance policies appear below:

General Liability

Umbrella Liability

Property Insurance Policy

Property Insurance Certificate

Workers Compensation

Wind Mitigation Assessments

Should you require evidence of insurance specific to your lender, Plastridge Insurance Agency now partners with EOI Direct for the delivery of your Condominium & HOA certificates of insurance. Certificates of Insurance can be obtained immediately by visiting www.eoidirect.com or by calling EOI Direct’s toll-free helpdesk at (877) 456-3643 Monday through Friday between the hours of 9AM and 8PM (EST). EOI Direct is an online utility designed to provide state-of-the-art, round-the-clock access to condominium certificates of insurance so our agency can now meet the demands of certificates of insurance 24×7. They have a responsive help desk that can accommodate those who do not have internet access and those who do not want to go online to obtain this information. A delivery fee is charged by EOI Direct for the immediate access and delivery of this information when a certificate of insurance is requested for the purpose of facilitating a new loan. Homeowners who simply need to provide proof of coverage for an existing loan, per their lender’s mailed request, can obtain that information free of charge. Summaries of master policies—showing those coverages currently in effect—are also made available at no cost. The fee that is charged only applies to new loans whereby a lender requires that a certificate be customized for a purchase, refinance or line of credit. New Certificate for New Loan (depending on delivery method) – $27.95 – 37.95 Renewal Certificate Requested by Homeowner – FREE