Pool Views

Latest pool views. The pumps and filters are here and waiting to be installed. The lounge areas are astro turf. Nan Drummer got an early start on sunbathing. The plantings are being done and the pool looks good.

This is the base of the new dock. The RO intake tank is located in the center and will be covered by the dock.

Lobster Fest started today! Lots of parties and fun in town.

Cassitas

Here are a few pictures of the inside of the cassitas.

Insurance

I went back and looked at what I paid last year for the building insurance. Last year was $1,660.00 US. This year the bill is for $2,456.00 US. A 50% increase after the 20% discount they have arranged. A pretty dramatic increase. On the other hand, my contents insurance is actually the same amount as last year. Comments?

The storm

Hi everyone. Glad to be back on line after the storm. We just got internet twenty minutes ago.

The resort is fine. Two places on the beach washed out with pretty big cuts but I'm sure they will be filled in shortly. Monday morning was the worst. It had rained for two days and the ground was saturated. It started lightning around 2:00 AM and was by far the worst storm I have seen here. Winds were reported at 60 Miles per hour. Several dozen boats including the ones at Belizean Shores were filled with water as the batteries that controlled their bilge pumps wore down with the massive amount of falling water. A couple of the guys at Tuff-E-Nuff were out in the storm and cut the boats loose so they could be beached and not swamped. I have heard that we got around 15 inches of rain.

The pool is getting landscaped. The pumps and the lights came in today. Cassita #1 is close to being finished.

Doug has started work on the land side of the dock over the RO intake. I believe that there is a problem with permits. Town Council put a stop to all new docks a month ago and voided all permits. They felt that there were too many docks being built. My understanding is that the resorts up North will be allowed their docks. Most of the problem is in town.

I am not up to date on the insurance questions due to lack of internet. I know that there is a master policy on the building but you need another policy to cover your own contents inside your unit. Our contents policy renews this month. We have $80,000 BZ and it costs $ 1000 BZ for the year. It covers hurricane, storm and fire but not theft. Can't buy theft insurance here without burglar bars and an alarm system.

Insurance

This is what Rosalba sent me regarding the insurance policy.


RENEWAL NOTICE

Name of Insured
Coco Beach Resort
P.O. Box 1
San Pedro Town, Ambergris Caye, Belize

Policy Number :
30997BQU00M1

Period:
June 1st, 2008 thru May 31st, 2009
Premium:
$ 28,869.60


Total Sum Insured
$ 3,138,000.00
Policy Type :
Fire & Associated Perils including Hurricane
Location: Building "E", Coco Beach Resort, North San Pedro Town, Belize
Description
Sum Insured
Four storey concrete building used as condominium (Building E) $ 3,138,000.00
Assignee: None
Risk Covered: Fire (including bushfire) and lightning
Hurricane, windstorm, rainstorm, tornado, earthquake, volcanic
eruption or tidal wave
Riots, strikes and malicious damage
Aircraft
Explosion
Impact
Flood and burst pipes
Terms &
Conditions: Subject to standard policy terms & conditions including:
1) Belize Jurisdiction only
2) Standard Average Clause – If the value at risk is greater
than the sum insured, the insured shall be considered as
being his own insurer for the difference and shall bear a
rateable proportion of the loss accordingly.
3) Excluding consequential loss of any description, depreciation, wear & tear, pollution,
contamination and mould
4) Policy Excess & Deductibles:
Hurricane, storm, flood, tidal wave or earthquake % of total sum insured per location:
Inland
2% all construction type Private & Commercial risks
Coastal
2% all construction type Private risks
3% all construction type Commercial risks
Cayes
7% Wooden construction
Private & Commercial risks
5% Other construction
Private & Commercial risks


All other claims: $200.00 Private $500.00 Commercial
5) Subject to following conditions, if applicable:
a) Hazardous Goods warranty
b) 4" Pallets warranty
c) Fire Fighting Appliance warranty


WE RECOMMEND THAT YOU REVIEW THE ADEQUACY OF THE SUM INSURED IN ORDER TO AVOID THE OCCURRENCE OF UNDER INSURANCE. PLEASE ASK OUR AGENT FOR ADVICE IN THIS REGARD
This notice is to remind you that the above-mentioned Policy becomes renewable on the date shown hereon. In order to renew the insurance kindly return this notice, together with your remittance for the Premium, payable to RF&G Insurance Company Ltd. or call us at one of our offices and we will arrange for our representative to visit you.

Ref: GH
Agent: 011

Rain

Hi to all, not sure who is at Coco Beach this week. Did we receive any damage from the storm?

Gloria

Insurance

I will request details from Rosalba and pass along. I will also ask him about other plans. I would think that the location of the building would also determine some costs (i.e. "beachfront" versus "view"). I am holding off payment until I get all details.

Gloria

Building Insurance

Well, I received my "quote" for building insurance for the year. Does everyone usually buy this insurance or is there another company? Just curious as my annual cost was high.

gloria

Pool Work continues

Progress continues on the pool. This week the workers began installing the "Star Bright" finish for the bottom. Doug advises that the pumps will be here in a few weeks. Hopefully it will all be finished in time for our group that is going to Punta Gorda in July.

Latest Pool Views

Work is continuing on the pool and RO system. As they say in Belize,

"come soon". It will be wonderful to relax in the hot tub and take a cool dip in the pool. We can't wait!

Dusk to dawn light

We are celebrating the new dusk to dawn light that Doug installed. Feels a lot safer now that there is some light in this part of the beach.

Owners Meeting

Several owners have suggested holding an owners meeting in mid January 2009. The meeting would include the Management of Coco Beach and Southwind Properties. The purpose of the meeting would be to discuss completion of the resort and conduct any business matters concerning operation of the resort.

Please advise if you could attend during that time period or if another time would work better.

Jim Henry

Sorry to report that Jim Henry has left as Manager of Belizean Shores. Jim was also going to serve as Manager of Coco Beach. He was a real asset and brought a positive management style to the resort. He will be missed.

On the way (almost)

We (meaning myself, my son Greg, and his girlfriend Erica) will be coming down for a week starting next Monday. We are anxious to see the unit and meet the neighbors. We're planning on maybe 2 mainland trips, one to the caves/zoo and are open to ideas for the second.

We're in Unit C-2. If anyone needs anything small (we're only doing carry-ons), reading matter etc. let us know. We're looking forward to sharing a bottle of Chilean white wine (or Belizean white rum) on the porch that evening. Should we pick it up on our way through town or have these items made it North of the cut?

Mike Heller
heller.michael@yahoo.com
610 216 2919