Insurance

The Special Assessment for FULL Insurance Coverage Passed!

Ballots were counted at a special meeting on February 11th. Thank you for submitting your ballots!

176 Ballots Returned (over 60% of Homeowners)

134 in favor of full insurance coverage

42 opposed

This means the HOA will maintain FULL insurance coverage through September 2026 when our policy renews - at which point, our insurance brokers, Marsh McLennan, will scour the market for the most competitive rates. This is an ongoing problem in California that we will continue to face for the coming years.

Each property will be invoiced for a $2,000 assessment in April 2026. A one-time payment or a six-month installment plan will be available to every address.

Why are the special assessment and ballot are necessary?

Our community has a full coverage property damage policy for roughly $700,000, valid for one year. Due to unprecedented increases in insurance costs across California over the last several years, the premium for this policy exceeds what we can budget from the monthly HOA dues. As a result, a special assessment of $2,000 per address is required.

Legally, the HOA cannot bill a special assessment in addition to regular monthly dues without majority homeowner approval. That approval occurs through the ballot you received by mail last month.