Frequently Asked Questions Insurance:
1. I just bought a condominium, do I need my own insurance? Yes, the Association's master policy typically covers the building and replacement cost for developer grade fixtures in the unit. You need coverage (a) for the first $5,000 of a casualty starting in your unit and (b) for your contents and for improvements and betterments made to the unit such as hardwood flooring, wallpaper, cabinet and counter top upgrades. Ask for an HO6 policy and ask about displacement insurance. 2. I am renting my house/condominium out, do I need insurance? Yes, you have an insurable interest in covering any upgrades to developer grade fixtures and loss of income coverage. You also need insurance on the first $5,000 of a casualty loss starting in your unit. 3. I am renting a house/condominium, do I need insurance? Yes, you need to insure your personal property and liability. You should also ask about displacement insurance. 4. My mortgage company wants proof of condominium insurance, what do I need to do? Click on this link to Contact Us for the name of your insurance company, agent and contact telephone number. You will need to give that information to your mortgage company. Assessments:
1. I can't find my payment coupons, can I still send payment? No, please call APM at 240-683-7200 x2 to report the loss of your coupons. Without a coupon your payment will not be credited to you. You can also e-mail for replacement coupons if they are permanently lost to julie@apmmanagement.net. The cost to replace a coupon book is $10.00. 2. Can I pay my assessments on line? Most APM properties are set up for direct debit, please check with our accounting office for status of your property at julie@apmmanagement.net. You can also use on line services such as PayPal. 3. Can I pay my assessments by phone or credit card? Yes. One time and continuing payments can be set up for credit card payments. Go to www.Smartstreet.com click on "Pay Assessments", click on one-time or re-occurring payments and follow Smartstreet's instructions. Payment by phone is not available. You may also call our accounting staff during business hours to make an appointment to review payment options at 240-683-7200x2. Concerns: 1. I wish to report a concern such as a repair issue, a complaint i.e. parking or noise and I am not sure what I need to do. Clink on this link to Contact Us and provide details of the concern as well as your location and what steps you have taken, if any, to address the concern.
