CONDO / HOA NEWS

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The following is an "update" from Hank Rockel, President of Condo Group #1

    
Sally Parker, has notified me that the best insurance quote for the association that they were able to get is from our current carrier.  The quote still retains a $1,000 deductible, includes 5 million dollar balloon coverage that we did not have before and is reduced in total cost due to no claims being made over the past three years.  It also includes the liability coverage for the Board of Directors.
The cost for the new policy is $36,214.  This is a reduction in cost of over $11,000 as compared to the current policy of $47,244.
I believe the annual inspections we have made of the units are paying off.  Each year, we have found situations that could have resulted in major damage and an insurance claim, (water left on and heat turned off) but these problems were corrected in the late fall inspections.
This would permit us to lower our condo fees by at least $50.00 per quarter.  We also expect to have other savings this year in our operating budget, but should have more precise information by the 4th quarter.

ATTENTION CONDO GROUP # 1....Condo owners occasionally are required to obtain certification of insurance for the master policy of the River Run Condo Association. This proof of insurance, showing the limits of coverage in the master insurance policy may be required when a condominium is sold, refinanced or for other purposes. To make it more convenient to obtain this information, the Insurance Management Group, Inc. (our insurance carrier) has provided a form that, once completed, can be emailed, faxed, or sent thru regular mail to them. Once the form is received, IMG will send unit owners their insurance certification. The request for insurance certification form will be e-mailed to you by contacting Mary Miller at   marymiller@mchsi.com   

Condo Group #1....Please note that work has been completed on the powerwashing of Units 79-94. 

Condo Group #1.....please note that we no longer use the services of APM bug spraying. As of this year we are contracted with Cheaspeake Exterminators out of Salisbury Md.  We will notify you when they will be doing the spraying. This company does not enter the units and will do the spraying on the outside of the buildings. If you have special problems this summer you can contact Hank Rockel for further assistance. The 1st annual spraying will take place the 9th of May. We have had a lot of complaints regarding ants already this year.