Olmos Tower
OT Rules and Declaration on Unit Insurance
OT Rules and Declaration on Unit Insurance
As a reminder here is the current governance from the OT Declaration and Rules pertaining to Owner's Individual Unit Insurance:
Declaration
13. Insurance:
A. Owners’ Insurance. Each Owner shall be responsible, at such Owner’s cost and expenses, for such Owner’s own personal insurance on the contents of such Owner’s Unit (specifically including glass and window appurtenant to the Unit) and such Owner’s additions and improvements thereto, and his or her decorations and furnishings and personal property therein, as well as such Owner’s personal liability to the extent not covered by the liability insurance for all of the Owners which may be obtained by the Association as a Common Expense.
OT Rules
4.4. Responsibility for Insurance. The HOA is not responsible for insuring Owners’ or residents’ personal property. The HOA requires each Owner at time of closing and as long as they own their unit, to have both property insurance and personal liability insurance. Every vehicle that is parked on Olmos Tower property must have auto insurance to include liability. Each Owner and resident is solely responsible for insuring their own personal property in the unit and on the Condominium, including the resident's furnishings, items on display in common area hallways, and items in storage units. Personal property placed in or on the Condominium to include but not limited to common area hallways shall be solely at the risk of the Owner of such personal property. The HOA urges Owners and residents to purchase insurance on their personal belongings.
Declaration
13. Insurance:
A. Owners’ Insurance. Each Owner shall be responsible, at such Owner’s cost and expenses, for such Owner’s own personal insurance on the contents of such Owner’s Unit (specifically including glass and window appurtenant to the Unit) and such Owner’s additions and improvements thereto, and his or her decorations and furnishings and personal property therein, as well as such Owner’s personal liability to the extent not covered by the liability insurance for all of the Owners which may be obtained by the Association as a Common Expense.
OT Rules
4.4. Responsibility for Insurance. The HOA is not responsible for insuring Owners’ or residents’ personal property. The HOA requires each Owner at time of closing and as long as they own their unit, to have both property insurance and personal liability insurance. Every vehicle that is parked on Olmos Tower property must have auto insurance to include liability. Each Owner and resident is solely responsible for insuring their own personal property in the unit and on the Condominium, including the resident's furnishings, items on display in common area hallways, and items in storage units. Personal property placed in or on the Condominium to include but not limited to common area hallways shall be solely at the risk of the Owner of such personal property. The HOA urges Owners and residents to purchase insurance on their personal belongings.