Insurance
We want to provide clarity on the current insurance situation and why 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.
If your ballot is missing, please visit https://inspectorsofelection.com/ballot-replacement/ to obtain a replacement.
importantly, the lack of homeowner participation in the ballot process and ultimate approval of the assessment will greatly impact everyone. Our ability to pay for scheduled and unanticipated maintenance costs of landscaping, amenities, structures and other critical functions of the property will all be affected.
Without enough funds, the Association will need to make difficult decisions such as returning to a partial coverage insurance policy which may impact the value of all of our homes.
Sending in your ballot is essential to maintaining the financial health and protection of our community.
Click here copy of the January 28th Town Hall presentation.
Our certificate of insurance is available in the homeowners’ portal at www.ciranet.com.
Interested in policy change? Contact our elected representatives: