Homeowners' Insurance @ The Vaux
The Owners' Association carries insurance for the common elements of The Vaux, but each owner must also insure the contents of his or her unit, so that an individual loss will not burden the rest of the owners . . .
"Each Owner shall obtain, at his/her own expense, insurance covering personal property and liability. Renters are strongly urged to purchase a 'Renter's Policy.' "
— (Vaux Rules Handbook, page 7; and Bylaws 9.1)
Because the Association insures most parts of both buildings, the cost to individuals is surprisingly low. To view insurance providers other owners have selected, click here . . .