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10.1.2. Commercial general liability insurance covering the use, operation and maintenance of the Common Elements, with minimum limits of one million dollars per occurrence, against claims for death, bodily injury and property damage, and such other risks as are customarily covered by such policies for projects similar in construction, location and use to the Property. The policy shall contain a "severability of interest" endorsement which shall preclude the insurer from denying the claim of an Owner or Tenant because of negligent acts of the Association or other Owners or Tenants. 10.1.3. Such other types and amounts or insurance as may be determined by the Board to be necessary or desirable, including but not limited to officers and directors' liability insurance, workers' compensation insurance, and insurance or fidelity bonds covering dishonest acts by those Persons having control or custody of the Association's funds. 10.2. Cancellation: Notice of Loss. All policies or property insurance and comprehensive liability insurance maintained by the Association shall provide that the policies shall not be canceled or substantially modified, for any reason, without at least thirty days' prior written notice to the Association, the insureds and all Mortgagees. 10.3. Conflicts with Act. In the event of a conflict between this Section 10 and the Act, this Section 10 shall control, it being the intention of Declarant that the Association and the Owners shall have authority and discretion to deal with the unique insurance needs associated with the uses of these nonresidential Units and the requirements of Mortgagees. 10.4. Owners' Insurance/Indemnity. Each Owner shall obtain and maintain the following insurance and provide the described indemnities: 10.4.1. Property insurance insuring any insurable improvement within the Owner's Unit for the full insurable replacement value of such improvement. 10.4.2. Commercial general liability insurance covering the Owner's Unit, and the activities of the Owner, and its officers, directors, employees and agents in connection with the Owner's occupancy, operation, management and use of the Unit, including any additional coverages customarily carried for unique or hazardous activities arising out of a business or activities conducted on the Unit. Said liability insurance shall be in the minimum amounts of (i) $1,000,000 for an accident affecting more than one person in or resulting from one occurrence and (ii) $1,000,000 property damage for each occurrence. Each Owner shall, upon request of the Association or any other Owner, furnish a certificate or certificates of such insurance. 10.4.3. Each Owner shall hold harmless, indemnify and defend the Declarant, other Owners and the Association, and their respective officers, directors and employees, from and against all claims, actions, damages and other liabilities, including attorneys' fees and costs, arising out of incidents occurring within such Owner's Unit or arising out of the conduct of the Owner or Tenants of the Unit or their employees, agents, contractors and guests, unless caused by the intentional or negligent act or omission of the party to be indemnified. 10.4.4. The Owner's insurance shall be primary as against the Association's insurance for damages to any interior improvement to the Units, and there shall be no right of contribution against the Association's insurance, with respect to damage or activities within the Owner's Unit. SECTION 11 RECONSTRUCTION, EMINENT DOMAIN AND TERMINATION Reconstruction. The obligations and procedures for the repair, reconstruction or disposition of the Property following damage or destruction thereof shall be governed by the Act. Any repair or reconstruction 20