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~ <br />~ <br />ARTICLE VIII <br />INSURANCE <br />l. TYPES OF INSURANCE POLICIES. For the benef <br />Association and the owners, the Board of Directors shall ~ <br />maintain such property loss, liability, and other <br />polices, as, in its discretion, it deems appropriate, : <br />but not limited to, the following: <br />(a) A policy or policies of property <br />including, but not limited to, fire, <br />coverage, vandalism and malicious mischie <br />full insurable replacement value, if ava <br />all units and common elements, and such <br />and casualty insurance as the Board of <br />shall determine, to give substantially <br />greater protection to the owners, <br />respective interests appear, of each uni <br />For the purposes of any policy or polici <br />insurance, the term "building" shal: <br />fixtures, installations or additions cor <br />part of the building within the unfinishe~ <br />surfaces of the perimeter walls, f: <br />ceilings of the individual Condomin: <br />initially installed or replacement th <br />accordance with the original Condominium <br />specifications, or installed by or at t~ <br />of any unit owner or owners; <br />(b) Each owner shall either self insure <br />liability arising from incidents within it <br />on the common elements or shall ca <br />liability insurance as it sees fit. No ow <br />look to the Association or another owner <br />liability insurance or claim that such <br />should have been procured. <br />(c) Worker's compensation insurance to t <br />necessary to comply with any applicable <br />(d) Any fidelity bonds which the Board of Dir <br />deem necessary or prudent. <br />_t of the <br />~btain and <br />insurance <br />ncluding, <br />insurance <br />extended <br />, for the <br />lable, of <br />~ther f ire <br />Directors <br />equal or <br />as their <br />, if any. <br />s of fire <br />include <br />prising a <br />interior <br />oors and <br />um units <br />reof, in <br />plans and <br />e expense <br />for any <br />s unit or <br />rry such <br />ner shall <br />to carry <br />coverage <br />extent <br />ws; and <br />tors may <br />The Association shall not be responsible for an loss or <br />damage to personal property of any owner, whether tored on <br />the common elements or in the owner's unit, nor hall the <br />Association maintain any insurance coverage for suc loss. <br />~. <br />2. AUTHORITY TO ADJUST LOSSES. All losses under policies <br />hereafter in force regarding the property shall b settled <br />BYLAWS OF COURTHOUSE SQUARE CONDOMINIUM <br />PAGE - 17 <br />