 Member Notices |
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EARTHQUAKE INSURANCE
Posted on Jun 5th, 2019
At the March 2019 meeting of the Executive Board the Directors adopted a motion to table any further action on earthquake insurance unless and until the Board receives contact from Owners representing 20% of the Units (42 out of 207).
The action to table earthquake insurance followed review of three quotes on insurance and participation in a discussion with a retired geotechnical engineer who lives in our Discovery Park community. Should the required 20% request re-consideration, information would be reviewed, sent out, and a process developed to enable all members to vote whether in Special Meeting or by registered ballot. The Board feels that a decision about such an important and expensive issue can only be made if it reflects the will of the Owners as a whole and not just a few.
WHAT CAN YOU DO?
Earthquake proof your Unit utilizing some of the suggestions in the February 2019 newsletter (available on the website).
Purchase your own “condominium” earthquake insurance to protect your personal possessions not covered by Association insurance. (Note: ALL Discovery Park Units, whether Singles, Duplexes or Apartments, are classified as condominiums.)
Email the Secretary at everettfreed@gmail.com and let the Board know whether you are willing to pay for the extra insurance ($60-$137 per month based on coverage & deductions), would not be able to afford it, and any thoughts on the matter.
Links for further information:
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