This fund covers the replacement of any capital items in your home, e.g. hot water service, dishwasher, oven & hotplates, carpets etc. (except non-insurable event).
It also covers for the purpose of repairing or renewing any communal improvements and structural repairs to village buildings. This might include refurbishment of roadways, replacing the furniture and other fittings in the Clubhouse.
The fund is also used to reinstate/refurbish your villa prior to re-licensing.
Payment to the Capital Replacement Fund is paid once you leave the village and when your villa has been re-licensed.