This section of the Rules & Regulations is intended to clarify the type of additional insurance coverage every unit owner should maintain for the interior of their unit and associated mechanical equipment which is physically located outside thereof. This section also identifies the particular circumstances under which the individual unit owner should expect the insurance they have personally obtained (as opposed to the Master Insurance Policy maintained by the condominium association) on the interior of their unit to be responsible for paying for damage to the interior of their unit and that of adjacent units.

A. It is highly recommended that, prior to purchasing an insurance policy on the interior of your unit, you contact the condominium association’s insurance agent,  specified on the RSBC web site in order to determine the specific coverage you will need that is not provided by the association Master Insurance Policy. Regardless of where you obtain the insurance on the interior of your unit, the first step in determining what coverage you need, in order to be fully insured, is to contact the condominium association’s insurance agent.

B.  It is important to remember that under the Condominium Association’s Master Insurance Policy, the water damage up to the policy’s deductible specified in the Royale Sands web site (including damage to adjacent units) resulting from the failure of the domestic water system within the walls of the individual unit is the financial responsibility of the owner of that individual unit where such water damage originated (providing the unit owner has maintained the temperature at 62 degrees during the winter months.  The master policy does not cover water damages from burst or improperly installed hoses or appliances located outside the walls such as washing machine hoses, fixtures, toilets, sinks, whirlpool tubs, icemakers or dishwashers. It is highly recommended that all unit owners obtain individual insurance to cover the deductible of the master policy.