Association Insurance. The Association, acting through its Board or its duly authorized agent, shall obtain and continue in effect if reasonably available the following types of insurance:
Association Insurance. The Association shall obtain and maintain the following insurance:
Association Insurance. The Association, acting through its Board or its duly authorized agent, shall obtain blanket “all-risk” property insurance, if reasonably available, for all insurable improvements on the Common Area and on other portions of the Area of Common Responsibility to the extent that it has assumed responsibility for maintenance, repair and/or replacement in the event of a loss. The Association shall have the authority to and interest in insuring any privately or publicly owned property for which the Association has maintenance or repair responsibility. Such property shall include, by way of illustration and not limitation, any insurable improvements on or related to parks, rights-of-way, medians, easements and walkways which the Association is obligated to maintain. If blanket “all-risk” coverage is not generally available at reasonable cost, then the Association shall obtain fire and extended coverage, including coverage for vandalism and malicious mischief. The face amount of the policy shall be sufficient to cover the full replacement cost of the insured property. The cost of such insurance shall be a Common Expense to be allocated among all Units subject to assessment as part of the annual Base Assessment. In addition, the Association may, upon request of a Neighborhood, and shall, if so specified in a Supplemental Declaration applicable to the Neighborhood, obtain and continue in effect adequate blanket “all-risk” property insurance on all insurable Limited Common Area improvements within such Neighborhood, if reasonably available. If “all- risk” property insurance is not generally available at reasonable cost, then fire and extended coverage may be substituted. Such coverage may be in such form as the Board of Directors deems appropriate. The face amount of the policy shall be sufficient to cover the full replacement cost of all structures to be insured. The costs shall be charged to the Owners of Units within the benefited Neighborhood as a Neighborhood Assessment. All policies shall provide for a certificate of insurance to be furnished to each Member insured, to the Association, and to the Neighborhood Association, if any. The Association shall have insurance responsibility for the Golf Course. The Association also shall obtain a public liability policy on the Area of Common Responsibility, insuring the Association and its Members for damage or injury caused by the negligence of the Association or any of its Members, employees, agents or contractors whil...
Association Insurance. The insurance requirements set out in the following sub-paragraphs are independent from all other obligations of the parties to this Agreement and apply whether or not required by any other provision of the Agreement, and regardless of the enforceability of any other provisions of this Agreement. Subject to the Association’s Governing Documents, the Association hereby agrees to maintain at all times and to provide evidence of the following insurance coverages:
Association Insurance. The Association has procured and formally resolves to maintain, at its sole cost and expense, commencing no later than the date of City's release of all of Owner's landscape maintenance bonds, a policy of public liability insurance which meets or exceeds the insurance requirements set forth in Exhibit "D".
Association Insurance. The Association will, throughout the term of the Agreement and at the Association’s sole expense, maintain the following insurance coverage:
Association Insurance. The Association shall maintain in full force and name the Management Firm on the Association’s Directors and Officers Policy, General Liabilities Policy, and Fidelity Bond Coverage. The Association shall in such amount as deemed necessary to comply with the insurance requirements ofFlorida Law on a primary basis to the Association covering acts of the Association (and its officers, directors, agents and employees) and the Management Firm (and it officers and employees).
Association Insurance. (a) The Association, or its duly authorized agent, shall have the authority to and shall obtain blanket all-risk insurance, if reasonably available, for all insurable improvements on the Common Area. If blanket all-risk coverage is not reasonably available, then, at a minimum, an insurance policy providing fire and extended coverage shall be obtained. This insurance shall be in an amount sufficient to cover one hundred percent (100%) of the replacement costs of any repair or reconstruction in the event of damage or destruction from any insured hazard. The Association shall also obtain a public liability policy covering the Common Area, the Association and its member Owners for all damage or injury caused by the negligence of the Association or any of its member Owners or agents. The public liability policy shall have at least a $1,000,000.00 single person limit with respect to bodily injury and property damage, a $3,000,000.00 limit per occurrence, if reasonably available, and a $500,000.00 minimum property damage limit.
Association Insurance. Manager shall use its best efforts to procure and keep in force all insurance and/or bonds required. In the event said insurance and/or bonds are not ascertainable, Manager shall notify the Board at once. Manager shall administer all such insurance and claims under such insurance policies. Such insurance shall include, but shall not be limited to:
Association Insurance. The Students’ Union and GSA shall each maintain at its sole cost insurance as follows:
