IMPORTANT NOTICE TO OWNERS
“CENTRAL PARK HOUSE” – STRATA PLAN EPS 11374
STRATA INSURANCE
To All Owners,
Enclosed please find the Strata Insurance Summary of Coverages for your records.
We wish to remind owners of the importance of Owners carrying individual insurance as an Owner may be responsible for payment up to the amount of a strata corporation insurance deductible (up to $50,000) in the event a loss occurs from an owner’s area of responsibility, as outlined in the corporation’s Bylaws.
The strata corporation policy does not extend coverage to Owners/Tenants within a strata lot in a variety of circumstances, including but not limited to, individual contents, alterations/improvements to a strata lot, loss of rent income and additional living expenses. Additional information in this regard is enclosed for Owners reference.
Please note the final appraisal for the property is pending and upon receipt, we will send a separate notification to Owners with the updated insured value and provide a calculation of the earthquake deductible at that time.
A copy of the insurance summary is posted on the website under the “Resource Centre” tab > “Insurance” folder and the overall policy will be discussed at the first Annual General Meeting.
Thank you for your attention to the above.
Sincerely,
AWM-Alliance Real Estate Group Ltd.
On behalf of The Owners, Strata Plan EPS 11374
Tom McGreer,
Vice President
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