Just like Flo says.....
When you bundle your house and car insurance, your insurance
rates are lower for the combination.
Cedar Run has always had a bundled (aka umbrella) insurance policy for all
phases and the master board.
Robert Sher has refused to continue this policy. He chose to break up the insurance into
separate policies for each phase. We
lost the savings we had with the umbrella policy, and this created a dramatic
increase in our insurance costs. Of course
Sher blames this on Alma, but he has actually been promising to do this since January. He even filed a lawsuit (which of course
failed) to argue that the umbrella policy was wrong and should be declared illegal (See
Count VIII, p. 16).
Consequently, after the umbrella policy expired at the end
of July, each phase had to obtain its own insurance policy. We homeowners will now pay triple what we used to pay for insurance.
Now that Sher has offloaded the insurance costs from the
master board, he will try to portray this as a savings, but in actuality he has
only shifted the cost of insurance to the phases. Worse yet, he caused the
price to go UP and not down.
Just like the pool, insurance is yet another thing that we've been paying for through our
master board assessment, but Robert Sher has chosen to
slash it. Will Sher reduce the master assessment to make up for the costs he shifted
to the phases? He should!!!
Robert Sher should reduce the master assessment by at least
$25 because that is what you will be paying for your insurance through your
phase assessment.
We remind you once again that we are paying Robert Sher a healthy salary to make such irresponsible decisions.
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