Page 7 - September 2019
P. 7
BETTER TO BE SAFE THAN $10,000 UNDERWATER
OWNER OR RENTER’S INSURANCE MAY HELP RESTORE YOUR DAMAGED UNIT
By Rashawnda Atkinson
You can’t predict when unit damage occurs, but you can
plan ahead. Our Association maintains insurance through
USI Insurance Services LLCC. Copies of the Master Poli-
cy are available online at www.eoidirect.com, through our
website at www.watergateatlandmark.com/other-helpful-
documents.html or through Resident Services.
The Rules and Regulations state that the “Association
maintains insurance which covers the Watergate at Land-
mark Condominium Buildings plus the fixtures and ma-
chinery that are operated generally for the service of the
buildings.” Written on a single entity basis, coverage un-
der the Master Policy extends to the fixtures, appliances,
wall and floor coverings and cabinetry of individual units Consider a personal insurance policy to prepare for unit damage.
based on the original plans and specifications. Damages ered by the Master Policy. Therefore, residents are encour-
must exceed the $10,000 deductible to be covered. aged to consider the benefits of a homeowner and/or
renter’s insurance policy that offers both personal property
Personal affects (e.g. furniture, clothing, heirlooms), extra and liability coverage. Don’t let the repair bills from a wire
living expenses, upgrades and changes made are not cov- malfunction, water leak or toilet back up surprise you!
September 2019 Wheel Page 7
