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Lakeview Cottages Lakeview Cottages
The insurance policy is with:
American Family Insurance
1 W 100 S
Kaysville, UT 84037-1930
Agent:  Randy Lancaster
Building 100% replacement cost 
Deductible: $5000
Earthquake coverage
Deductible: 5% of total cost to replace/repair
Coverage amount is the replacement cost on the policy
Under Utah law 57-8-43 and 57-8a-405, the HOA must insure the entire building, not just sheetrock in and not including personal property.  These laws supersede anything to the contrary written in the CC&Rs.   In the event of a loss, the owner must cover the HOA policy deductible. In this case, the deductible is $5,000.  Each owner can either pay for this themselves or get a "Unit Owner" policy (called an HO-6) to cover the HOA deductible in the case of a loss.  
American Family also recommends each owner carry:
  • Personal property insurance
  • Endorsements
    • sewer back-up endorsement
    • loss assessment endorsement
    • earthquake loss assessment (to cover the 5% deductible from the HOA policy)
    • earthquake personal property (personal property is not covered in the HOA policy)
Detailed Insurance Information from American Family Insurance regarding what is covered under our policy.
Insurance certificate (2024/25) from American Family Insurance