How Does the Insurance for a home at Yalick Farms work?
Because all homes at Yalick Farms are considered condominiums, the Home Owner’s Association will hold a policy on all the structures at Yalick Farms. Each home owner will pay a portion of the insurance to cover the building and anything that is a fixed structure in relation to their unit. This portion of insurance is expected to be about $75 per month. The home owner will need to carry a separate, personal condominium policy that covers their personal belongings and anything that is not ‘fixed’ in the unit (for example: furniture, appliances, etc.).
