You are required to submit proof of homeowner insurance to the Association upon moving into the community. An HO3 policy is required or a DP3 policy if the property is leased or rented. You may receive reminder notices from the Association upon insurance expiration requiring you provide an updated policy declaration page.
Owners should refer to the Declaration, Article VIII, Section 11.
Section 11. Insurance. Each Owner shall secure and keep in force a homeowner’s insurance policy (otherwise knows as an “H03 Policy”) insuring hislher dwelling against fire and other hazards with an insurance company authorized to do business in the State of Florida. This insurance shall be in an amount sufficient to cover the full replacement cost of any repair or reconstruction of the dwelling in the event of damage or destruction from any such hazard. Proof of satisfactory coverage shall be provided to the Association periodically, upon request, and all such policies shall require written notice be given to the Association in the event of cancellation, termination, or expiration. In the event any Owner fails to maintain the required insurance coverage, the Association shall have the right, but not the obligation, to obtain the required coverage on behalf of the Owner and assess the Owner for any and all costs relating thereto incurred by the Association. Any such assessment shall be secured by a lien against the dwelling for which such costs are incurred in accordance with the provisions of this Declaration.