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Notice of Insurance Assessment
Date: October 30, 2025
The Board of Directors, in an open meeting held on October 28, 2025, reviewed all estimated budget expenses for 2026, including the insurance premiums for fiscal year 2026 and voted and approved an Insurance Assessment in addition to your regular monthly assessment.
The Board of Directors approved an Insurance Assessment effective January 1, 2026 in the amount of $110.00 to be paid monthly. Payments for your Insurance Assessment will be due monthly beginning January 1, 2026 in the amount of $110.00. Your regular Assessment remains the same in the amount of $195.31 monthly. Your total monthly amount will be $305.31. There is no increase in assessments.
Article 9, Section 9.4.3. INSURANCE ASSESSMENT. The Association’s insurance premiums are Common Expenses that must be included in the Association’s annual budget. Nevertheless, the Board may levy an Insurance Assessment – separately from the Regular Assessment – to fund (1) insurance premiums, (2) insurance deductibles, and (3) expenses pertaining to the Fire Riser Closets and the fire sprinkler system for the Townhomes. If the Association levies an Insurance Assessment, the Association must disclose the Insurance Assessment in Resale Certificates prepared by the Association.
If you have auto pay set up, please be sure to update the amount of your payment prior to the January 1, 2026 effective date.
Should you have any questions, please contact Essex Association Management, L.P. by visiting www.gablesatohiohoa.com and follow the prompts to submit a web submission under the “Contact Us” tab.
Gables at Ohio HOA
