Presidents Message
PRESIDENT’S MESSAGE – December 2025
“Your Front Row Seat in the Board Room”
Hi Neighbors,
I hope that you all had a happy, festive, Thanksgiving Holiday!
It’s been a tough task for our landscapers who have been to our property numerous times per week for leaf removal. It will always be a bit of a problem because after spending many hours removing leaves, with fairly large manpower, all it takes is gusty winds and a new bath of leaves appear. It’s one of the prices we pay for having so many beautiful trees on our 47 acres of property.
Our roof project will continue, only to be delayed at times by inclement weather. The roofers must be able to work under safe conditions.
At this time, I’d like to discuss an important issue – CO-OP Insurance:
As many of you may not know, House Rule #34 stats that all shareholders of record must carry a minimum of $100,000.00 liability and $25,000.00 for personal/property damage of Co-Op insurance for your apartments. It is also printed in our sales application. Many Co-Op owners mistakenly believe the insurance provided under the Co-Op’s insurance policy gives plenty of protection for their needs. However, nothing could be further from the truth. While it’s true the Co-Op bears the cost of insuring the building structure and common areas, when it comes to your own personal belongings or any of the fixtures in your unit, the responsibility for making sure they’re insured and protected from potential financial loss falls squarely on the shareholder.
One of the biggest benefits of Co-Op insurance is that you can get a lot of coverages for a relatively low cost, often less than a dollar a day. That is because it’s the Co-Op that pays for the lion’s share of the coverage for the building itself.
In addition to your personal belongings, appliances, and fixtures, your Co-Op insurance policy can cover any renovations and upgrades you’ve done to your unit. Depending on how extensively you plan to renovate your space, no or in the future, that can be a huge investment.
Coverage often includes: Theft, fire, wind, personal liability, damage to your property belongings to other residents, water damage, hotel bills and other living expenses while your unit is being repaired after a covered loss occurs.
The Bottom Line:
- Remember all shareholders must maintain at least $100,000.00 liability and $25,000.00 personal/ property of Co-Op Insurance.
- Failure to have insurance can leave the shareholder with great financial exposure in the event they cause loss and/or damage to someone else Example: If a shareholder leaves their bathtub water running and floods the apartment below, they can be liable for all the damage to the unit below.The financial exposure would be eliminated with Co-Op insurance in place.
On behalf of the Board of Directors and our Management and Maintenance Staff, I would like to wish all Bell Parkers a Merry Christmas, Happy Chanukah, Festive Kwanzaa and a very happy and Healthy New Year!
HAPPY NEW YEAR!!!
That’s it for now.
Speak with you soon.
Bobby Sher – Board President
Bell Park Manor – Terrace