Spring & Summer Newsletter 2018
 
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Projects Planned for 2018 | Spring Painting | Let’s Talk About Dogs
Important Topic from the Property Manager
Architectural Approval Requirements
 
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Homeowner’s Insurance
(Townhomes)

The townhomes and patio homes of Crystal Tree are owned by the homeowner.  One of the responsibilities of home ownership is to carry insurance for repair and replacement due to catastrophic loss such as wind or fire damage.  To carry this insurance is a requirement of the governing documents for the CTHOA.  Because the townhomes and patio homes are attached, carrying the appropriate insurance becomes even more critical.  In the event of partial or complete destruction of an attached home, the financial ability to reconstruct the building to its original condition affects the value of the attached home and the neighborhood.

Please review your insurance policy to make certain that you carry full replacement cost insurance.  You should also make certain that your insurance agent has properly insured your home and has not only provided you with condominium insurance coverage which covers only the contents of your home.  Should you have concerns about the type of coverage you should carry, you should provide your insurance broker with section 10(c) of the Fifth Amendment to the Declaration of Covenants & Restrictions, of the Crystal Tree Homeowners’ Association.  It describes in detail, the requirement for insurance coverage.

You will note that it is also your responsibility to forward a copy of the certificate of insurance to the CTHOA.  If you have not already done so, please forward a copy to Schrank & Associates, Inc., P.O. Box 186, Orland Park, IL 60462 or you may fax it to 708–349–3166.
 
Rose Schrank
Schrank & Associates, Inc.
 
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Projects Planned for 2018 | Spring Painting | Let’s Talk About Dogs
Important Topic from the Property Manager
Architectural Approval Requirements