INSURANCE COVERAGE
In addition to your ownership of your individual unit, all homeowners have a fractional share ownership of the COMMON AREA’S in Bear Hollow Village. “Common Area”
is defined as all real property owned by the Association for the common use and enjoyment of the members of the HOA. Your specific fractional share ownership is
stated in the CC&R’s. We have insurance coverage to protect our interests in the event
of an accident or incident on the common areas. In accordance with generally accepted and standard business practices, we maintain Insurance Coverage for the HOA and the common area’s as follows:
COMPREHENSIVE GENERAL LIABILITY INSURANCE
GENERAL AGGREGATE LIMIT - $2,000,000.
PER OCCURRENCE - $1,000,000.
&
PROPERTY INSURANCE
LIMIT OF INSURANCE - $850,000.
DEDUCTIBLE - $1000.
REPLACEMENT COST COVERAGE
BY:
TRAVELER’S PROPERTY / CASUALTY INSURANCE CO.
POLICY # I-660585X2246
EXCESS UMBRELLA LIABILITY INSURANCE
GENERAL AGGREGATE LIMIT - $4,000,000.
BY:
TRAVELER’S PROPERTY / CASUALTY INSURANCE CO.
POLICY # ISF-CUP-3166W6611
ERRORS AND OMISSIONS INSURANCE
LIMITS OF LIABILITY - $1,000,000.
BY:
FEDERAL INSURANCE COMPANY (CHUBB)
POLICY # -8160-57-88
OUR INSURANCE AGENT IS:
MR. CRAIG R. CROCKETT
SENTRY WEST INSURANCE SERVICES
SALT LAKE CITY, UTAH
801-272-8468
Our insurance coverage is reviewed regularly by your Trustee’s and adjusted as needed.