|
•
<br /> person limit as respects bodily injury and property damage, a ,',
<br /> One Million ($1,000,000.00) Dollar limit per occurrence, and a
<br /> Two Hundred Fifty Thousand ($250,000.00) Dollar minimum prop- .
<br /> r.
<br /> 0 erty damage limit. Premiums for all insurance on the Common r-_
<br /> 1 Area shall be common expenses of the Association; premiums for
<br /> 1 insurance provided to other associations shall be charged to
<br /> CO
<br /> those associations. The policy may contain a reasonable deduc- r
<br /> tible, and the amount thereof shall be added to the face amount
<br /> of the policy in determining whether the insurance at least ;;
<br /> U,
<br /> 6 equals the full replacement cost.
<br /> J Cost of insurance converage obtained for the Common
<br /> NArea shall be included in the General Assessment, as defined in .
<br /> Article IX, Section 1. '
<br /> All such insurance coverage obtained by the Board of ,U, ►'`
<br /> Directors shall be written in the name of the Association as V: f
<br /> (
<br /> Trustee for the respective benefitted parties, as further iden-
<br /> ,
<br /> tified in (b) below. Such insurance shall be governed by the I
<br /> provisions hereinafter set forth:
<br /> (a) All policies shall be written with a company li- °• •
<br /> sensed to do business in California and holding a rating of XI
<br /> or better in the Financial Category as established by A. M.
<br /> Best Company, Inc., if available, nr , if not available, the i '
<br /> .j ,. most nearly equivalent rating.
<br /> A• (b) All policies on the Common Area shall he for the
<br /> r
<br /> ri;0;;f+.' benefit of the Residential Unit Owners and their mortgagees as ! '
<br /> their interests may appear.
<br /> .,YR, Yy y .
<br /> .` `.
<br /> -11-
<br /> ft
<br /> y t
<br /> [ , 1 }1
<br /> ♦
<br /> ,, 1-a:11i t, 5�. l
<br /> —57...:—Xr „ill. rrx�' �4 a j3k� q ';0�, 1. ar tia f '`% ;....4',L.‘1*,'S } �.•' 444'; '4 4'.tt ^14';;, 'F*T.e` r•' 1 sJ ',rl / s M • A„1.,, �.;.+� •.•. ' s T '"' v•,YS � `i 4,1 ' 1 s ^s qf k` ''.'4--sq ',4 5 r7 �,,. . .�,y * t- may,'4'.' {,�_x■� �':� ". � 4,i' � ,1'a'*s�`(��}.ti� � y�',7;'t w# Qy S � y� l�^ •
<br /> 4,1 � T � *�' � � r ,i ^��1�'�
<br /> s, 1l �. ,; i'4.. V M ,►'X.! }y, '' y a �''r T - r .tF t Y�r`` t�yi r+�"`t !+
<br /> Sti s :� t s t '7k M...?;;;;;,1.._,I, r .l.' r x4•',`, t A 1 f
<br /> b S y+, `+ r .4.{ 1 cam. 1,,,,f,*,* . { s s s ., f t ! i y�' _� C. i,w�'r'" .•.
<br /> Sy .7 "K wi 1 j 4 t �.h '."ria ' ,i '71.. si ''A .. ". ,, n �'t'c4.. S
<br /> o.
<br /> f (d ai . d 1 t
<br /> '- t 4
<br /> . , ..t,....4.'.0 a' S i, ,; l •,, r. •., , . _‘ . • . . , .. . Xyt Y �, �. t'; 1 , rJ i -. A.
<br />
|