DECLARATION
XV. INSURANCE:
The Board of Directors or Managing Agent on behalf of the
Association shall obtain:
1. A Master Casualty policy affording fire and extended coverage in an amount equal the
full replacement value of the structure(s) that comprise the common areas and individual
units.
2. A Master Liability Policy in an amount as determined under the By-laws covering the
Unit Owners association, the Board of Directors and all persons acting or who may come to
act as agents or employees of any of the foregoing with respect to the Condominium, and
all Unit Owners and other persons entitled to occupy any Unit or other portion of the
Condominium.
