UNITED LAGUNA WOODS<\/p>\n
MUTUEL<\/p>\n
ANNUAL INSURANCE DISCLOSURE AND POLICY SUMMARY – October 1, 2025<\/p>\n
PROPERTY INSURANCE (Renewed on 6-1-25)<\/p>\n
Blanket property insurance for fire and special form with Lloyd’s of London and various other insurance companies insures<\/p>\n
residential, common and community buildings and business property owned by the Mutual (no coverage for improvements,<\/p>\n
alterations, additions or other member or tenant property).<\/p>\n
Policy Limit: $225,000,000 per occurrence<\/p>\n
Deductible:<\/p>\n
$100,000 per occurrence<\/p>\n
Key Exclusions: Earthquake, landslide, (and others)<\/p>\n
COMMERCIAL GENERAL LIABILITY INSURANCE<\/p>\n
The commercial general liability insurance for the Housing Mutuals and Golden Rain Foundation (GRF) is with Philadelphia<\/p>\n
Insurance Companies, insuring against liability arising out of the ownership and use of common areas.<\/p>\n
Policy Limits:<\/p>\n
$1,000,000 per occurrence<\/p>\n
Deductible:<\/p>\n
$25,000<\/p>\n
$2,000,000 aggregate<\/p>\n
There is also an Umbrella Liability policy with Great American and AXA XL Insurance Company.<\/p>\n
Policy Limit:<\/p>\n
$25,000,000 per occurrence<\/p>\n
Deductible:<\/p>\n
Excess over General Liability insurance policy<\/p>\n
CRIME\/FIDELITY INSURANCE<\/p>\n
United Mutual & GRF have a crime\/fidelity policy with Beazley and Berkley Insurance.<\/p>\n
Policy limits:<\/p>\n
$20,000,000 Employee Theft, Computer & Fund Transfer Fraud<\/p>\n
Deductible: $25,000<\/p>\n
$5,000,000 Theft, Robbery & Depositor Forgery<\/p>\n
EARTHQUAKE INSURANCE<\/p>\n
United Laguna Woods Mutual has a Difference in Conditions insurance policy with Westchester Insurance Company for<\/p>\n
earthquake insurance on residential and common area buildings.<\/p>\n
Policy limit:<\/p>\n
$5,000,000<\/p>\n
Deductible for earthquake: 15% of the building value, $50,000 minimum<\/p>\n
GREF has a Difference In Conditions (DIC) insurance policy with QBE Specialty and Trisura Specialty Insurance Companies<\/p>\n
including earthquake and flood for GRF facilities such as clubhouses, streets and the cable system.<\/p>\n
Policy limit:<\/p>\n
$15,000,000<\/p>\n
Deductible: $25,000 per occurrence except earthquake and flood<\/p>\n
Deductible for flood: $50,000<\/p>\n
Deductible for earthquake: 5% of the building value, $50,000 minimum<\/p>\n
This summary of the Association\u2019s policies of insurance provides only certain information, as required by Section<\/p>\n
5300 of the Civil Code, and should not be considered a substitute for the complete policy terms and conditions<\/p>\n
contained in the actual policies of insurance.<\/p>\n
Any Association member may, upon request and provision of<\/p>\n
reasonable notice, review the Association\u2019s insurance policies and, upon request and payment of reasonable<\/p>\n
duplication charges, obtain copies of those policies. Although the Association maintains the policies of insurance<\/p>\n
specified in this summary, the Association\u2019s policies of insurance may not cover your property, including personal<\/p>\n
property or real property improvements to or around your dwelling, or personal injuries or other losses that occur<\/p>\n
within or around your dwelling. Even if a loss is covered, you may nevertheless be responsible for paying all or a<\/p>\n
portion of any deductible that applies. Association members should consult with their individual insurance broker<\/p>\n
or agent for appropriate additional coverage.<\/p>\n
The total amount of insurance was discussed with the insurance broker and the Board followed their guidance.<\/p>\n
For questions regarding proof of insurance coverage have your escrow company or trust contact:<\/p>\n
AJ Gallagher Insurance Services (Property, Crime and Earthquake): Email: Southwest.InterimCerts. GGBUS@ajg.com<\/p>\n
(All requests for certificates must be sent via email and cannot be fulfilled over the phone. Standard turnaround time for<\/p>\n
issuance is within 24 hours and any request that is indicated as a \u201cRush\u201d in the subject line is fulfilled same day if received<\/p>\n
by 12:00 p.m. PST. Requests should have \u201cUnited Laguna Woods Mutual\u201d in the subject line)<\/p>\n
If you have questions about the Mutual’s insurance policies, please call Risk Management 949-597-4202.<\/p>\n
The following insurance information should be discussed with your personal insurance agent.
\nUNITED LAGUNA WOODS MUTUAL INSURANCE DISCLOSURE AND POLICY SUMMARY<\/p>\n
THE INSURANCE CARRIED BY UNITED MUTUAL AND GRF DOES NOT COVER YOUR PERSONAL<\/p>\n
LIABILITY OR ITEMS THAT ARE YOUR PERSONAL RESPONSIBILITY such as additions and<\/p>\n
alterations, personal property, or loss of use. MEMBERS SHOULD PURCHASE \u201cCONDOMINIUM<\/p>\n
OWNERS\u201d (HO-6) INSURANCE POLICY to protect against unexpected expense in the event a loss<\/p>\n
occurs. This is also a requirement for many lenders.<\/p>\n
Please remind tenants\/lessees that they<\/p>\n
should purchase \u201crenters\u201d insurance for their personal liability, personal property, and loss of use.<\/p>\n
SOME* ITEMS YOU SHOULD CONSIDER WHEN REVIEWING YOUR OWN PERSONAL INSURANCE:<\/p>\n
*<\/p>\n
Members are responsible for damage to improvements, alterations and additions (custom built-<\/p>\n
ins, wall or window coverings, wood or other upgraded floor coverings, heat pumps, air conditioners,<\/p>\n
patio or balcony enclosures, etc.) whether they were installed by you or previous members or residents.<\/p>\n
These should be insured as unit owners building items. Repair of damage to such items, or other<\/p>\n
member or tenant property, including personal property, from a loss, such as a plumbing failure<\/p>\n
in your manor or an adjacent manor, is the responsibility of the member or tenant. The Mutual’s<\/p>\n
property insurer does not accept claims for damage to such items.<\/p>\n
Members are responsible for damage to Mutual property caused by the Members\u2019 misuse or neglect,<\/p>\n
by additions or alterations, or by guests or lessees. If the damage is your responsibility, United Mutual<\/p>\n
can charge you for the repairs (Occupancy Agreement-Article 5 & 11). If the repair costs exceed the<\/p>\n
deductible on the Mutual’s insurance, currently $100,000, a claim will be submitted to the Mutual’s<\/p>\n
property insurer. In such cases, both the Mutual and its property insurer reserve the right to charge the<\/p>\n
Member to recover the costs, including the Mutual’s deductible. Your own insurance may help cover<\/p>\n
your obligations, although some homeowner’s insurance companies will not cover the Mutual’s<\/p>\n
deductible. Consult with your agent about your insurer’s practices and increasing your policy limits<\/p>\n
accordingly.<\/p>\n
Personal Property\/Contents insurance for items such as appliances, furniture, clothing, household<\/p>\n
goods and for special property like jewelry, coins, artwork, antiques, furs, silver and collectibles.<\/p>\n
Personal Liability insurance for your actions and responsibilities both inside and outside your manor.<\/p>\n
Everyone should have liability insurance to protect their equity and retirement savings.<\/p>\n
Loss of Use or Additional Living Expense insurance if your manor\/building is damaged and cannot<\/p>\n
be lived in until repaired, in accordance with the Davis-Stirling Act Civil Code \u00a74775(c) members,<\/p>\n
residents and lessees are responsible for paying to live elsewhere while work is done.<\/p>\n
Monthly<\/p>\n
assessments must still be paid during this time.<\/p>\n
Loss Assessment insurance to protect against a special assessment from your Mutual for damage.<\/p>\n
While there has not yet been this type of assessment in Laguna Woods Village, we are required to tell<\/p>\n
you that there is this possibility. (Show your agent\/broker the limits listed in this disclosure.)<\/p>\n
Earthquake and\/or Flood insurance for additions, alterations, personal property and loss of use.<\/p>\n
Earthquake Loss Assessment insurance to protect against a special assessment from the Mutual for<\/p>\n
damage caused by an earthquake.<\/p>\n
*<\/p>\n
Automobile insurance on your car, truck, van, motorcycle or motor home.<\/p>\n
*<\/p>\n
Liability and Physical Damage insurance for your golf cart.<\/p>\n
Please report building damage to:<\/p>\n
Resident Services (Monday-Friday, 8:00 AM to 5:00 PM)<\/p>\n
phone: (949) 597-4600<\/p>\n
Resident Services e-mail address:<\/p>\n
residentservices@vmsinc.org<\/p>\n
After business hours, or to report personal injury, please call:<\/p>\n
Security Dispatch: phone: (949) 580-1400<\/p>\n
In an emergency: CALL 911<\/p>\n
* The above list is not exhaustive. Please discuss insurance questions with your agent or broker
\nUNITED LAGUNA WOODS MUTUAL INSURANCE DISCLOSURE AND POLICY SUMMARY<\/p>\n
PROPERTY INSURANCE \u2014 Continued<\/p>\n
Primary $10,000,000<\/p>\n
Sutton Specialty Ins Co., Limit: $2,000,000<\/p>\n
Primary $50,000,000<\/p>\n
National Fire & Marine Ins. Co., Limit: $3,850,000<\/p>\n
Ironshore Specialty, Limit: $2,500,000<\/p>\n
Westchester Surplus Lines Ins. Co., Limit: $2,500,000<\/p>\n
Allied World National Assurance, Limit: $3,000,000<\/p>\n
Lexington Ins. Co., Limit: $5,000,000<\/p>\n
Canopius US Insurance, Limit: $5,000,000<\/p>\n
Everest Indemnity Ins. Co., Limit: $5,000,000<\/p>\n
Lloyd’s of London, Limit: $13,625,000<\/p>\n
$40,000,000 Excess of $10,000,000<\/p>\n
Aspen Specialty Ins. Co., Limit: $2,500,000<\/p>\n
Evanston Ins. Co., Limit: $4,375,000<\/p>\n
$50,000,000 Excess of $50,000,000<\/p>\n
Endurance American Specialty, Limit: $2,500,000<\/p>\n
Arch Specialty Ins. Co., Limit: $5,000,000<\/p>\n
Starstone Specialty Ins. Co., Limit: $5,000,000<\/p>\n
Kinsale Ins. Co., Limit: $5,000,000<\/p>\n
Steadfast Ins. Co., Limit: $5,000,000<\/p>\n
Princeton Excess & Surplus Lines, Limit: $10,000,000<\/p>\n
Starr Surplus Lines Ins. Co., Limit: $10,000,000<\/p>\n
Lloyd’s of London, Limit: $10,000,000<\/p>\n
$25,000,000 Excess of $100,000,000<\/p>\n
Landmark American Ins. Co., Limit: $2,500,000<\/p>\n
Kinsale Ins. Co., Limit: $2,500,000<\/p>\n
Evanston Ins. Co., Limit: $2,500,000<\/p>\n
Crum & Forster Specialty Ins. Co., Limit: $5,000,000<\/p>\n
Starr Surplus Lines Ins. Co., Limit: $5,000,000<\/p>\n
Nautilus Ins. Co., Limit: $6,250,000<\/p>\n
$100,000,000 Excess of $125,000,000<\/p>\n
Axis Surplus Ins. Co., Limit: $5,000,000<\/p>\n
Ironshore, Limit: $5,000,000<\/p>\n
Lloyd’s of London, Limit: $5,500,000<\/p>\n
Lloyd’s of London, Limit: $13,900,000<\/p>\n
Landmark American, Limit: $22,500,000<\/p>\n
Princeton Excess & Surplus Lines, Limit: $35,000,000<\/p>\n
Starr Surplus Lines Ins. Co., Limit: $12,500,000<\/p>","protected":false},"author":2,"featured_media":0,"template":"","document_category":[1071],"document_type":[53],"class_list":["post-48778","document","type-document","status-publish","hentry","document_category-sales-united","document_type-other"],"acf":{"document":76840,"resolutions":null,"legacy_id":"2401","pdf_extracted_text":""},"yoast_head":"\n