| Working Capital Contribution Notice - Big Trout Condos |
10.17.2024 ~
Prohibited Uses at Big Trout Condo Association, and throughout the City of Liberty Lake, WA
AIRBNB'S, VRBO'S, Short-Term Stays (Rentals less than 30-Days), and Online Travel Agency (OTA)
Please be aware that the Association and the City of Liberty Lake, prohibits AirBnb's, Vacation Rentals by Owner(s) (VRBO's), Short-Term Stay Rentals, or Online Travel Agency (OTA) Bookings - Violations will be strictly enforced!
Prohibited Uses at Big Trout Condo Association, and throughout the City of Liberty Lake, WA
AIRBNB'S, VRBO'S, Short-Term Stays (Rentals less than 30-Days), and Online Travel Agency (OTA)
Please be aware that the Association and the City of Liberty Lake, prohibits AirBnb's, Vacation Rentals by Owner(s) (VRBO's), Short-Term Stay Rentals, or Online Travel Agency (OTA) Bookings - Violations will be strictly enforced!
10.17.2024 ~
Owner/Occupant Insurance Responsibility
The Association: Big Trout Condo Association - Shall be named as an “Additional Insured.”
Please be aware that the Association’s deductible is now $10,000.00 per claim for property claims. (See 2024 VBT Rules and Regulations - Water Damage Reminder.)
Owner and Tenant insurance is addressed in the Washington Condominium Act at RCW 64.34.352(5). Owners and tenants are advised to obtain individual Unit insurance at their own expense. These are known as HO-6 (Owner) and HO-4 (renter) policies. These policies should include both property and liability coverage. The policies should also include insurance to cover the Association’s deductible (and other uninsured amounts) reimbursement, damage to personal property and the Unit, loss of use, and loss assessment exposures. Coverage should be on a replacement-cost basis.
The Association should be named as an: “Additional Interest.” Please be aware that the Association’s deductible is now $10,000.00 per claim for property claims.
Owner/Occupant Insurance Responsibility
The Association: Big Trout Condo Association - Shall be named as an “Additional Insured.”
Please be aware that the Association’s deductible is now $10,000.00 per claim for property claims. (See 2024 VBT Rules and Regulations - Water Damage Reminder.)
Owner and Tenant insurance is addressed in the Washington Condominium Act at RCW 64.34.352(5). Owners and tenants are advised to obtain individual Unit insurance at their own expense. These are known as HO-6 (Owner) and HO-4 (renter) policies. These policies should include both property and liability coverage. The policies should also include insurance to cover the Association’s deductible (and other uninsured amounts) reimbursement, damage to personal property and the Unit, loss of use, and loss assessment exposures. Coverage should be on a replacement-cost basis.
The Association should be named as an: “Additional Interest.” Please be aware that the Association’s deductible is now $10,000.00 per claim for property claims.
| 3.5.2026 Letter to Owners RE: Insurance - Water Loss |