2024-2025 Annual Budget Report & Policy Statement

Outdoor Resort Palm Springs Owners Association Polices as of July 1 st 2024

This summary of the association's policies of insurance provides only certain information, as required by Section 5300 of the Civil Code, and should not be considered a substitute for the complete policy terms and conditions contained in the actual policies of insurance. Any association member may, upon request and provision of reasonable notice, review the association's insurance policies and, upon request and payment of reasonable duplication charges, obtain copies of those policies. Although the association maintains the policies of insurance specified in this summary, the association's policies of insurance may not cover your property, including personal property or real property improvements to or around your dwelling, or personal injuries or other losses that occur within or around your dwelling. Even if a loss is covered, you may nevertheless be responsible for paying all or a portion of any deductible that applies. Association members should consult with their individual insurance agent for appropriate additional coverage.

LINE OF COVERAGE

NAME OF INSURER

POLICY NUMBER

LIMITS OF LIABILITY

DEDUCTIBLE

$7,330,642 $818,000 $200,000 $2,000,000 $1,000,000 $1,000,000 $1,000,000 $4,000,000 $5,000,000 $10,807,220 $3,000,000 $1,000,000

Property Personal Property/Contents Business Income

Property

Mt. Hawley Ins. Co

MCP0174441

$10,000

General Aggregate Per Occurrence Liquor Liability

General Liability

The Burlington Ins. Co.

605BG10268

$5,000

California Automobile Insurance Company

Automobile

BA040000075130

NONE $5,000

Hired & Non-Owned Auto:

Employee Theft Aggregate Limit Limit of Coverage Limit of Coverage Limit of Coverage

Travelers Casualty

107680848 605BE08795

Crime Coverage Umbrella Policy

None

The Burlington Ins. Co.

10%/$50,000

Earthquake

Insurance Co of the West XHO500873912

$5,000

D&O

Philadelphia Indemnity Employers Assurance

PCAP0398460123

None

Work Comp

EIG295609104

7

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