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JimM7 (Florida)
Posts: 71
Posted:
Our community has 2 associations,regular HOA and a Recreation Assoc.
the latter was created when the developer decided to build a large clubhouse and pool. He could not require the original purchasers (about 80) to become members in the Rec assoc. He had to ammend the original covenants to stipulate the exclusion of those lots before he was given permission to go forward with the Rec assoc.Some of the originals are now Rec members but we still have a consiserable # who are not.
We have ONE insurance policy covering both BOD's and the clubhouse/pool(owned by Rec) and the common areas that are only one entrance and 4 DRA's(owned by HOA)
I'm new on the board but it seems unfair for the NON Rec members to be paying part of the premium for the clubhouse and pool.I asked to see the policy but no one jumped. Comments please with some suggestions.
DwightT (Idaho)
Posts: 664
Posted:
Jim -
One way to look at it is that having the clubhouse/pool in the community helps to increase the property values of all homeowners, not just the Rec members. Therefore while it is reasonable for only the Rec association members to pay for the general operating costs, it is also reasonable for the regular HOA (which includes the non-Rec members) to provide insurance. If the clubhouse were to burn down and the Rec association couldn't afford to rebuild it, the entire HOA would be affected.
GloriaM (North Carolina)
Posts: 829
Posted:
As a board member you have the right to telephone the Insurance Agent and ask for a copy of the policy.

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