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The February 17 Meadows board meeting was focused on two presentations about the Meadows’ master insurance coverage: one from Meadows’ general counsel Kathleen Machado of Rees Broome about the general requirements for insurance per our governing documents, the other from Theresa Melson, USI Insurance Senior Vice President with additional details about insurance including H06 coverage. Ms. Melton explained in detail the current Meadows Master insurance policy, and the kind of coverage homeowners and renters should get to protect their property. She also discussed why the board will be sending out a form asking about information about updates of certain appliances (HVAC and hot water heaters, for example). In short, the board will be seeking this information in order to be able to get more competitive quotes from more insurance companies for the condo association’s master policy. This expense is a major line item in the Meadows budget. The board is finalizing the form requesting this information and expects to send it out to owners before the end of March.
If you were unable to attend the meeting, you can watch the recording on YouTube and view the slides and additional information provided on the Meadows website.
