Homeowners Insurance Rules

• A copy of the homeowner's insurance policy must be submitted to the office on or before closing.
• Homeowners Insurance (HO-6/"Walls in") required of all Co-owners. Renters insurance (HO-4) required of all Renters. Copies of current insurance policies must be held in the RFC management's office. 
• Annual renewal must be submitted on or before expiration date. 
• RFC must be listed as the "Additional Insured" on the Homeowners Insurance Policy.
•  Each co-owner must hold all co-owners and RFC Association harmless. RFC does not permit subrogation rights to co-owners. 
• Legal Action will be taken at the co-owners expense should co-owners fail to resolve claim.

The following are 3 key points from the bylaws to know:

1. Damage to your unit from within your unit: Your co-owners insurance policy covers damage within your unit.
2. Damage to Common Elements from your unit: Your co-owners insurance policy covers damage to common areas that you may be found liable for.
3. Damage to your unit caused by another unit: Your co-owners insurance policy should respond. No co-owner can seek reimbursment or sue another co-owner.