Vital Insurance Information

The Waterford Villas Master Policy Covers:

• General Peril for Units and Common Structure
• Earthquake for units and Common Structures
• General Liability
• Unit Exterior
• Interior walls including paint
• All built-ins
• Excludes what the owner would "put in a moving truck"

Deductibles for Perils Other than Earthquake

• 5% of the building value for wind and hail damage
• $20,000 for each occurrence for other perils -  to be shared among the affected units
  

Earthquake Deductible

• 10% of the building value to be shared between the two unit owners
   

Owner Responsibilities

All Homeowners should have purchased a HO-6 Policy to cover:

• Personal property (that goes into the moving truck)
• Medical and living expenses
• Personal Liability
• Sewer back-up
• Sufficient dwelling (building) coverage in at least the amount of the Master Policy Earthquake Deductible Earthquake Endorsement.   

Within your HO-6 Earthquake insurance you should have, at a minimum, sufficient dwelling coverage for your share of your building deductible.  Your annual homeowner's information sheet shows the minimum amount you should have.
Remember - Whether the homeowner has insurance or not, the homeowner is financially responsible for the Master Policy deductibles