Renegotiate Insurance Deductible

(04/20/2010) Our insurance policy will be renewed in August. Can we renegotiate the deductible down to $5K for the common areas. The board thinks that while the deductible of $15,000 is appropriate for individual units, it is hard to manage for the common areas.

(05/18/2010) Modica will continue to collect bids at the $5,000 and $15,000 deductible levels.

(08/17/2010) Earthquake insurance will be included in the master policy. No flood insurance, because we are not in the flood zone. Item Complete.