In accordance with the governing documents, the Association maintains a master fire and casualty policy of insurance covering the full insurable replacement cost of the Project, including the Units and Common Property.  (CC&Rs Article VIII, Section 1(b))  Each owner is responsible for insuring their personal property and all other property and improvements to their Unit against loss by fire or other casualty, commonly referred to as “tenant’s improvements” coverage, and may carry public liability insurance covering his/her individual liability for damage to person or property occurring inside his/her individual Unit.  (CC&Rs Article VIII, Section 3)

While repairs to the interior of a Unit, which may include but are not necessarily limited to, painting, carpet/flooring replacement, furniture and/or cabinets, etc., are the responsibility of the Unit owner, the cost to make such repairs (under certain circumstances) may be covered by the Association’s insurance and/or the owner’s insurance policy.  However, even if there is coverage under the Association’s insurance policy, the Unit owner may still be responsible for the deductible.  A lack of insurance coverage for any particular loss does not relieve a Unit owner of financial responsibility.  As such, all owners are encouraged to carefully review their coverage with their own insurance professionals.