The Tern Bay HOA is responsible for insuring the common area and the exterior of the buildings (Lots) against windstorm and casualty damage.  Tern Bay HOA also pays the premium for each unit’s flood insurance and the policy is issued to each individual owner.   These costs are included in each unit’s monthly maintenance dues.

NOTICE TO POTENTIAL RESIDENTS AND REAL ESTATE AGENTS

REGARDING FLOOD INSURANCE ON CONTENTS

TBHOA provides flood insurance on the structures of the four buildings with a policy written on each unit.  A goal of TBHOA is to have all of these policies renew on March 15th.  Flood insurance on the contents of a unit, i.e. personal property, is an option for the owner and may or may not be currently in force on any unit.  Because flood insurance is a federal program, the contents insurance is and must be written as part of the policy on the building structure.   If contents insurance is currently in effect, that insurance will be in force until the expiration date.  The owner may then elect to continue the contents insurance, change the coverage amount of the contents insurance, or eliminate the contents insurance all together.  Premiums for contents insurance are payable by the owner and will be billed to them by the TBHOA accounting service.  If the unit does not have contents insurance in place at the time of purchase, the new owner will not be able to obtain coverage until the renewal date.  Contact the TBHOA or our insurance agent, PCS Insurance Group – (813) 868-1010 ext 201 or 203 to determine the current coverage and renewal date for any unit.

FEMA Insurance Policy

FEMA Summary of Coverage

Tern Bay Summary of Insurance

Directors and Officers Policy

General Liability Policy

Commercial Property Policy

Mold Policy

Umbrella Policy

Insurance Appraisal

Declaration pages and policy information are available from PCS Insurance Group.  Contact information is below:

PCS Insurance service contacts

Building 1 Elevation Certificate
Building 2 Elevation Certificate
Building 3 Elevation Certificate
Building 4 Elevation Certificate

Front and rear picture of Building 1
Front and rear picture of Building 2
Front and rear picture of Building 3
Front and rear picture of Building 4

Tern Bay Windstorm Mitigation Report – Building 1
Tern Bay Windstorm Mitigation Report – Building 2
Tern Bay Windstorm Mitigation Report – Building 3
Tern Bay Windstorm Mitigation Report – Building 4