Insurance Policy Information

As outlined in the Cross Creek Condominium Association Bylaws, the Association is required to provide property insurance to insure all structures upon the property back to original construction specifications.  It is the responsibility of the condo owner to secure coverage to protect any deductible responsibility, owner upgrades made to a unit since original build, personal property and loss of use.  Deductibles vary depending upon the type of loss.


The Association carries the following limits and deductibles for the policy year 12/13/2022 – 12/13/2023:



Building – $136,495,590

Earthquake – $5,000,000

Flood – $5,000,000



Flood (per Occurrence / per Building) – $100,000

All Other Perils – Including Water and Earthquake (per Occurrence / per Building) – $25,000


Condo owners are responsible for the first $5,000 of any damage for coverage required by the GA Condo Act (fire and extended coverage) to cover a portion of the Association’s deductible.  All other perils have a $25,000 deductible (per occurrence) including water damage, flood, and earthquake.  We highly recommend that you discuss these requirements with your agent and purchase insurance to provide protection for the portion of the loss that you are responsible for.


We recommend the following coverage amounts under an HO6 policy to protect your interest in the property as well as your personal liability:


  • Deductible responsibilities as outline above.
  • Owner Improvement and Betterments – 100% replacement cost of any unit upgrades since original build
  • Personal Property – 100% Replacement cost of your personal property inside the unit
  • Personal Liability – $300,000 Limit (minimum)
  • Medical Payments – $5,000 Limit (minimum)
  • Additional Living Expense – $25,000 Limit (minimum)
  • Loss Assessment Coverage – $50,000 Limit (minimum)


Please be advised that these limits are merely a recommendation.  You should work with your agent to determine the appropriate levels of coverage to protect your interests.


If you have any questions or would like to talk further on this topic, please do not hesitate to contact the management office.