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Where To Find Your Insurance Declarations Pages The document will also specify the type of coverage limits that are provided, as well as the limits and exclusions. It is also used to identify the parties involved in the policy.įor example, the declaration page will list the insurance company’s name, the name of the insured, and the beneficiary’s name. What An Insurance Declaration Page CoversĪn insurance declaration page is a document that outlines the specific coverage that an insurance policy provides. It will also show the premiums and dates of coverage. The declarations page also lists the coverages and limits of the policy. This information can include the name of the policyholder, the insurance company, and the type of policy. One reason is that it provides specific information about the policy. There are a few reasons why you would need an insurance declaration page. Why You Need An Insurance Declaration Page The declarations page also lists the coverages and policy limits. This includes the name of the policyholder, the insurance company, and the type of policy.

What Is An Insurance Declarations Page?Ī declarations page is a document that lists the specific information about an insurance policy. The declaration page insurance document is one of the important documents that detail your coverage limits and what you are protected against. They also provide benefits such as accident cover, travel insurance, life insurance, health insurance, etc. All meeting notes and minutes must be documented.įinancial statements must be prepared and filed annually.Insurance companies offer protection against risks such as fire damage or theft. In extreme cases, the homeowners’ association may even foreclose on the property, despite on-time mortgage payments, because of overdue fees.Īll members must have an annual meeting to elect a new board of directors and to discuss community matters. The board of directors may impose liens on property in the event of delinquent payments consistent with the community bylaws. Homeowners are required to follow all rules and regulations within the articles of incorporation and community bylaws so long as they are consistent with federal, state, and local laws. New York law leaves many of the rights and responsibilities up to the community board of directors. The goal is to create a public record that can be called upon when a dispute arises. When filing official documents, make sure that they are as detailed as possible.

Community Resolutions – additional rules and regulations that the HOA may adopt in the future.

Covenants, Conditions, and Restrictions (CCR) – publicly recorded deed restrictions.

A recorded map defining each owner’s property including community-owned common areas.

Other documents that must be submitted include: They must also set up an official records book to keep track of important documents including meeting minutes. Before filing, the initial board of directors should have their first meeting to discuss bylaws and prepare all documents to be filed.

Within the articles of incorporation will be the association bylaws. The most important are the Articles of Incorporation which will set up the community association as a non-profit organization. To create an HOA in New York, several documents must be submitted to the Secretary of State. HOAs have the power to enforce all rules and regulations as laid out in the founding documents so long as they do not interfere with local or state laws. They are governed by NY Not-For-Profit Corporation Law, the Association’s Articles of Declaration, and Bylaws. Homeowners’ Associations in New York, or otherwise known as Common Interest Communities, are regulated by the Attorney General’s office and must be set up as non-profit organizations.