Insurance Information

The Lakeside Green Owners Association maintains insurance coverage as required by the governing documents and Texas law. This coverage is intended to protect the Association, common elements, and the community as a whole.

Homeowners are responsible for carrying their own individual insurance policies to cover their units and personal property.

This page provides only a general overview of coverage and responsibilities.

The Association maintains insurance coverage that includes the following:

Covers Association-owned property, including:

• Residential buildings
• Common area structures
• Clubhouse and shared amenities

Coverage is written on a replacement cost basis, subject to deductibles and policy terms.

• Wind and hail coverage is included
• Named storms and wind events are subject to percentage-based deductibles per building

Provides coverage for certain mechanical and equipment failures related to:

• Boilers
• Mechanical systems
• Covered equipment serving the community

Covers bodily injury and property damage claims arising from:

• Common areas
• Association operations
• Association-sponsored activities

Protects:

• Board members
• Officers
• Committee members
• Volunteers

From claims related to governance decisions made on behalf of the Association.

Provides coverage for losses related to:

• Employee theft
• Fraud
• Forgery
• Certain financial crimes

Covers certain risks related to:

• Data breaches
• Cyber incidents
• Electronic data and systems

Maintained as required for Association operations and covered personnel.

Association insurance does not cover:

• Personal belongings inside units
• Interior improvements or upgrades made by owners
• Damage originating within a unit (unless caused by a covered common system)
• Loss of use or personal liability inside a unit

Each homeowner is responsible for maintaining their own insurance, including:

Owners are required to carry an HO-6 policy, which typically covers:

• Interior finishes and improvements
• Personal property
• Personal liability
• Loss of use

Owners should also consider loss assessment coverage, which may help cover:

• Special assessments related to insurance deductibles
• Certain losses not fully covered by Association insurance

In some cases, the Association’s insurance deductibles may be:

• Charged back to the owner if the loss originates from a unit
• Assessed to the membership as permitted by governing documents

Owners should review their personal policies to ensure adequate protection.

• Insurance coverage, limits, and deductibles change from year to year
• This page provides a summary only and does not replace policy documents
• Owners should consult their insurance agent for personal coverage advice

Requests for Association insurance certificates may be submitted to HOA Management through TownSq.

This page is provided as a general summary for convenience. In all cases, the Association’s governing documents and actual insurance policies control. Coverage is subject to all terms, conditions, limitations, and exclusions contained in the policies.