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Condo Description and Desired Limits
Condo Description and Desired Limits
- 1885 N Kenwyck Dr, Ypsilanti, MI 48198-3295 (Superior Township)
- Owner (Addnl Insured on policy) : John D Revette and Pamela S Revette, as Trustee, or their successor, of the "John D Revette and Pamela S Revette Inter-Vivos Trust" dated December 1, 2004
- Condo Assoc (Addnl Insured on policy) - BROMLEY PARK CONDOMINIUM ASSOCIATION, 4045 STONE SCHOOL RD ANN ARBOR, MI 48108
- Coverage A Dwelling $10,000
- Coverage C Contents $30,000
- Coverage E Personal Liability $500,000
- Coverage F Medical Payments $5,000
Let's insure with FMI for $122
From Condo Management Company
From Condo Management Company
The Association purchases an insurance policy tailored to condominium associations. The property portion covers the structures. Currently the Carrier of the policy for Bromley is State Farm. Their policy is an "all-in" policy… meaning that for a major disaster, State Farm covers all appliances and the interior surfaces for which the governing documents assign responsibility to the unit owner. Unit owners should be purchasing an "HO6" Condominium unit owner's policy from the vendor of their choice. Some prefer to purchase a policy from the same company as the condominium's policy, but that is not necessary. The Association's policy does not cover alternative living expenses. You should cover your personal property, liability, and alternative living expenses at levels that you are comfortable with. These policies are not as expensive as a homeowners policy and I believe you will find them to be quite reasonable in cost. Any insurance agent should be able to ascertain reasonable limits… but try not to go cheap… things generally cost more than you realize when a true situation happens and the incremental cost of increasing limits is usually worth the money.
From Bylaws
From Bylaws
- amounts not less than $100,000 00 for damage to property and $500,000 00 for injury to persons on a per event basis
- personal property located within his Unit or elsewhere on the Condominium Project; All Co-owner property insurance shall be carried in an amount equal to the maximum insurable replacement value of said improvements
- deliver certificates of such insurance to the Association The Co-owner's policy of insurance shall also name the Association as an insured under his liability coverage.
- The Co-owner's policy hereunder shall contain a thirty (30) day non-cancelable clause with mandatory thirty (30) day notice of cancellation to be mailed to the Association
- insurer waives its right of subrogation as to any claims against any Co-owner or the Association
Phone: 734-971-2114
Fax: 734-971-2117
Email Carlos: clozano@fbinsmi.com
Email Patrick: patrick.conklin@fbinsmi.com
2730 Carpenter Road, Suite 1
Ann Arbor, MI 48108
FMI for 2273 S Main Condo
FMI for 2273 S Main Condo
emailed Rachel PetersEn (RPetersen@duclosagency.com) re new condo 5/29
9/25/2018 $101+$166
Basic Coverages
Coverage: Limit: Premium:
A. Dwelling $75,000
C. Personal Property $150,000 $75.00
D. Loss of Use $60,000
E. Personal Liability $500,000 Each Occurrence
F. Medical Payments to Others $5,000 Each Person $26.00
Basic Premium: $101.00
Coverages and Premiums
------------------------------
Optional Coverage: Limit: Deductible: Premium:
Identity Fraud Expense Coverage (01521) $25,000 $17.00
– Lost Earnings from work (up to $250/day) $2,000
Ordinance or Law Coverage (HO-0477) $3.00
– Limit of Liability is 25% of Coverage A
Unit-Owners Protection Plus (97265) $22.00
– Additional Business Property on Premises $2,500
– Additions and Alterations Coverage increased by 10% of Coverage C ($1,000
minimum)
– Coverage C - Personal Property - Special Limits of Liability
– Theft of jewelry, watches, furs, precious and semi-precious stones (up to $1,000
per item) $2,000
– Credit Card, Fund Transfer Card, Forgery and Counterfeit Money $2,500
– Delamination of Ceiling Drywall $2,500
– Evacuation Additional Expense $5,000
– False Alarm (Residence Premises) $500
– Fire Department Service Charges $2,000
– Fire Extinguisher (Residence Premises) $200
– Golf Cart Liability
– Locksmith Service ($250 per occurence/$500 per year)
– Loss Assessment Additional Limit $4,000
– Mortgage Extra Expense Coverage (monthly, up to 5 years) $300
– Additional monthly interest amount
– Appraisal and application fees
– Title search
– Personal Injury
– Personal Luggage $100
– Personal Property Business Use (Residence Premises) $5,000
– Refrigerated Food Products $500 $100
– Volunteer Wrongful Acts Liability $25,000
– Waterbed Coverage $1,000
Additional Coverage A Amount $43.00
Replacement Cost Contents (HO-0490) $35.00
Unit-Owners Coverage A Special Coverage (HO-1732) $46.00
Total Optional Premium: $166.00
State Farm
Ryan McCreight
Phone: 734-263-2109
Office: Ryan McCreight
2500 Packard Street Suite 108
Ann Arbor, MI 48104-6827
Contact: Email Agent
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