Condominium Master Insurance Policy Certificates of Coverage
The Fountain Hills Condominium has a Master Insurance Policy to insure the common elements and individual units, except for any personal property, improvements and betterments installed in units by unit owners, other than the developer. If the cause of any damage to or destruction of any portion of the condominium originates from a unit, the owner of that unit is responsible for the first $10,000 of the condominium association’s deductible.
Unit owners can be required to send proof or evidence of coverage of the Condominium's Master Insurance Policy. Often these certificates of coverage are required for obtaining or refinancing a mortgage. Periodically a mortgage servicer may request proof of the condominium's Master Insurance Policy. As a service to condominium unit owners certificates of coverage can be obtained at no charge through EOI Direct.
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