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by the Association in the maintenance, repair or replace ment, of
any common elements, thQ Association shall, at its expense, repair
such incidental damage. ~
ARTICLE XIV
PERSONAL LIABILITY AND RISK OF LOSS OF OWNER Of~APARTMENT
UNIT AND SEPARATE INSURANCE COVERAGE, ETC.
The owner of each apartment unit may, at his own
expense, obtain insurance coverage for loss of or damage to any
furniturQ, furnishings, personal effects and other per~onal
property belonging to such owner, and may, at his owh expense and
option, obtain insurance coverages against personal liability for
injury to the person or property of another while within such
owner's apartment unit, or upon the common elements, or limited
common elements. All such insurance obtained by the owner of each
apartment unit shall, wherever such provision shall be available,
provide that the insurer waives its right of subrogation as to any
claims against other owners of apartment units, Association and
the respective servants, agents or guests of said other owners and
Association. Risk of loss or damage to any furniture,
furnishings, personal effects and other personal property (other
than such furniture, furnishings and personal property
constituting a portion of the common elements) belonging to or
carried on the person of the owner of each apartment unit, or
which may be stored in any apartment unit, or in, to or upon
c~mmon elements or limited common elements shall be borne by the
owner of each such apartment unit. All furniture, furnishings and
persona2 property constituting a portion-of the common elements
and held for the joint use and benefit of all owners of all
apartment units shall be covered by such insurance as shall be
maintained in force and effect by Association as hereinafter
provided. The owner of an apartment unit shall have no personal
Iiability for any damage caused by the Association or in
connection with the use of the common elements or limited common
e2ements. The owner of an apartment shall be liable for injuries
or damages resulting from an accident in his own apartment unit to
the same extent and degree t~at the owner of a house shall be
liable for an accident occurring within the house.
ARTICLE XV
INSURANCE COVERAGE TO•BE MAINTAINED BY ASSOCIATION;
INSURANCE TRUSTEE, APPOINTMENT AND DUTIES;
USE ANO DISTRIBUTION OF IhSURANCE PROCEEDS, ETC.
The following insurance coverage shall be maintained in
full force and effect by Association covering the Condominium,
meaning the apartment units, common elements and limited common
elements, and the operation and management thereof, to-wit:
A. Casualty insurance covering all of the
aFartment units, common elements and limited common elements in
amount equal to the maximum insurance replacement value thereof,
exclusive of excavation and foundation costs. Val~es of insured
property shall be determined annually by the Board of Directors
the Association. Each coverage is to afford protection against
(i) loss or damage by fire or other hazards covered by the
standard extended coverage or other perils including windstorm
endorsement and (ii) such other risks of a smaller or dissimilar
nature as are or shall be customarily covered with respect to
buildings similar in construction, location and use to the
Condominium, including vanda~ism, malicious mischief and such
other insurance coverages as and to the extent available, which
may from time to time be deemed by the Board of Directors of the
Association to be necessary and proper and in the best interests
of the Association and the owners therein;
an
of
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