Owners Insurance & Responsibilities Edit page

All "CLAIM" requests should first be directed to Bob Maxey at Colby Management,Inc. 623-977-3860 x7737                                          

Owner’s Insurance & Responsibilities

As a Homeowner in the Mingol Condo Association you should be aware of what insurance is provided as part of your HOA Fee and what other insurance you may wish to purchase. It is your responsibility to understand what the HOA Master Policy covers and what you may need to purchase through a HO-6 Policy. The synopsis below is your start. Policy details and contacts are available for The Firebird Agency on this website: Policy Documents

April 8, 2024

Mingol Unit Owner,

Important information about your Mingol Condo Association Policy:

Effective 04-01-2024 The Firebird Agency will be renewing your master insurance policy.  With this coverage you are responsible for your contents and possibly the deductible of $10,000 should there be a claim on the master policy. 

This policy covers the structure and all permanently attached fixtures such as cabinets, flooring, and built in appliances.  This policy also includes any improvements or betterments you may have done to your unit.  You will be covered for such things as fire, lightning, wind, hail, vandalism, and sudden and accidental water damage.  Please remember that leaky pipes are not covered over an extended period of time. If there is no damage to your roof from the storm then there is no coverage for a leaky roof.  One important coverage is that we do provide limited coverage for mold up to $15,000 for a covered claim.  If anyone feels that they have a claim, please contact someone from the Board or the Management Company first before turning it in.

VERY IMPORTANT! If you need to turn in a claim under the associations’ policy you may be responsible for all or part of the $10,000 deductible.  It is possible that your personal HO-6 Unit Owners Policy would have coverage to pay that deductible for you. 

Important information about purchasing coverage for interior on your unit there are a few things to consider:

• Make sure that you have enough coverage for your contents (all the
  loose stuff in your unit). 
• Loss of use coverage, do you have enough should you be out of your
  unit for up to a year. 
• Do you have coverage to pay the deductible of $10,000 should you be responsible for that in the event of a claim on the master policy. CALL YOUR AGENT TO MAKE SURE! 
• Increase your Loss Assessment Coverage to at least $10,000.
  
  

The Board strongly recommends that you contact your personal insurance agent to make sure you are adequately insured in the event of a loss. If you do not have an HO-6 policy or would like a competitive quote, please feel free to contact The Firebird Agency.

Mingol Board