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I � / <br /> , • I i � <br /> I • � <br /> Owneirs and secured parties which suffer loss. The Association,or any insurance trustee s,�I]ected - <br /> by it,''shall have exclusive authority to negotiate, settle; and collect upon any claims o i losses � <br /> under!any insurance�olicy maintained by the Assaciation. I ! <br /> , 10.4 Reauired Policv Provisions. All policies of property insurance carried by the <br /> Association shall provide, if practicable;that: � <br /> i 10.4.1 Each Owner and secured party is an insured Person under the poli ly with <br /> � respect to liability arising out of the Owner's interest in the Cammon Elem�nts or <br /> , membership m the Association. I <br /> 10.4.2 The insurer waives its right to subrogation under the policy agai�st any I <br /> Owner or mernber of the Owner's household and againsi the Association and mem�bers of I <br /> the Board. <br /> , 1fl.4.3 The coverage shall not be voided by or conditioned upon (i) an act or <br /> � omission of an Owner, unless acting within the scope o#' authority on behalf of the <br /> Association, or {ii) any failure of the Association to comply with any warr ty or <br /> condition regarding any portion of the Property over which the Association as no <br /> ' control. <br /> I L0.4.4 If at the time of a loss under the policy Chere is other insurance in name <br /> , of an.Owner covering the same property covered by the policy, the Association' policy <br /> , is primary. � <br /> ' 10.5 Canceliation; Notice of Loss. Ail policies of property insuran e and <br /> comprehensive liability insurance maintained by the Association shall provide that the licies <br /> shall�not be canceled or substantially modified, for any reason, without at least thirty da prior <br /> writt�en notice to the Association, the insureds; and to all secured parties holding first m rtgages <br /> on Units. <br /> � 1�.6 No Contribution. All policies of insurance maintained by the Association hall be ; <br /> the�irimary insurance where there is other insurance in the name of the Qwner covering t e same , <br /> prop�eriy, and may not be brought into contribution with any insurance purchased by O ners or <br /> their mortgagees. � ; <br /> � 10.7 Owner's Personal Insurance. Each Owner shall obtain and maintain ac�ditional <br /> personal insurance coverage (common)y known as "gap covera�e"or an "H06"policy) �t his or <br /> her bwn expense covering fire and other casualty to the interior of the Unit,the Owner's ersonal <br /> properry and personal tiability, and covering insurance deductibles that may be levie by the <br /> Association against the Unit. Insurance policies maintained by Owners are without con ibution <br /> as against the insurance purchased by the Association, except as to deductible amounts r other <br /> iterr�s not covered under the Association's policies. Upon request by the Association, a Owner <br /> sha� immediately provide to the Association a copy of the certificate(s) of insurance overage <br /> evi encing the insurance required by this Section 10.7. <br /> MPE.$-Word 9528 L i t �6 <br /> � <br /> � <br />