Prospect Point - Homeowners Association

Prospect Point HOA

Prospect Point is an attached housing development located in Villa Hills, Kentucky. Prospect Point is located on a bluff overlooking the Ohio River approximately 5 miles south of Cincinnati, Ohio & approximately 3 miles west of Interstate 75.

Ohio River

Prospect Point Homeowners Association Homeowner Insurance


HOMEOWNER INSURANCE

  1. that all improvements on any lot be insured with an all risk policy;
  2. that all improvements on any lot be insured with a fire policy with extended coverage provisions;
  3. that such insurance be in an amount equal to the "full replacement" cost of such improvements;
  4. that such policy be a "homeowners policy";
  5. that such policy be issued by a company designated by the Association (rated AA or higher);
  6. that the Association be designated as a "named insured" in such policy;
  7. that the proceeds of such policy be paid to the Association as trustee to be held and used to repair, rebuild or replace the damaged improvement
  8. and the right of the Association to make rules and regulations for the administering of this insurance provision and carrying out of the requirements hereunder.