Editorial cartoon / satire: visual dialogue is satirical and is not presented as a verbatim quotation from any director, manager, owner, or contractor.
The Association’s 2026 insurance disclosure states an earthquake limit of $42,216,921. On August 28, 2026, President Mark Reynders signed the Helix excess-property application containing a Statement of Values totaling $32,708,416. The Board has separately represented that roofing costs increased 30% from 2025 to 2026.
Those documents do not, by themselves, prove the two numbers must be identical; different policies can use different valuation structures, limits, deductibles and underwriting assumptions. But the size and direction of the difference make the valuation basis a legitimate owner question.