Owner Insurance Requirements. Each Owner shall maintain, with a generally accepted insurance carrier, property insurance insuring against loss or casualty of the Unit by fire or hazards included within the term "extended coverage" in an amount equal to the replacement costs of returning the Unit to its condition prior to the loss. YVHA shall have the right, but not the obligation, to request proof of insurance and/or continued coverage limits from the Owner by written request, at any such time(s) as XXXX xxxxx appropriate. Insurance proceeds shall be applied to restoration or repair of the Unit damaged, provided such restoration or repair is economically feasible and the security of any existing deed of trust or mortgage is not thereby impaired. If such restoration or repair is not economically feasible or if the security of an existing deed of trust would be impaired, the insurance proceeds shall be applied to the sums secured by the deed of trust, with the excess, if any, paid to Owner. So long as a Homeowners Association maintains a “master” or “blanket” policy for the entire condominium project which the Unit is in, which provides insurance coverage for the amounts and against the losses specified in the preceding paragraph, YVHA waives the provisions of the preceding paragraph.
Owner Insurance Requirements. Owner shall procure and maintain, at its sole cost and expense, insurance policies of the type, with the coverages and with the endorsements set forth in Exhibit F (collectively, the “Owner Insurance Coverage”). Manager shall be named as an additional insured under all applicable liability insurance coverages. Company shall provide Manager with proof of insurance within fifteen (15) days after Company has appointed Manager to provide Services hereunder. For the avoidance of doubt, Owner shall be solely responsible for any deductible required under any insurance policy. Each liability insurance policy shall provide for notification of default or cancellation to be sent to Manager and shall require a minimum of thirty (30) days’ prior written notice to Manager before any cancellation of, or changes to, such policies. Manager is hereby authorized, but not required, to obtain the Owner Insurance Coverage at Owner’s expense with respect to a Property solely to the extent that Owner or its agents fail to procure and/or maintain the requisite insurance with respect thereto; provided that Manager shall only be so authorized if, and only if, Manager has (i) notified Company of its failure to procure such insurance, (ii) provided Company with fifteen (15) business days to obtain, renew and/or otherwise maintain such insurance, and (iii) Owner has failed within such fifteen (15) day period to obtain, renew or otherwise maintain such insurance.
Owner Insurance Requirements. (A) Owner shall procure and maintain for the duration of the Agreement the following types of insurance, in amounts no less than the stated limits, against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the work hereunder:
Owner Insurance Requirements. 14.6.1 Commercial General Liability, including: a. comprehensive form $1,000,000 each occurrence
Owner Insurance Requirements. C. OWNER will deliver to NEI, with copies to each additional insured and loss payee, certificates of insurance (and other evidence of insurance reasonably requested by NEI or any other additional insured) which OWNER is required to purchase and maintain.
Owner Insurance Requirements. Each Owner Insurance policy must:
Owner Insurance Requirements. Owner shall obtain, at Owner’s expense, insurance coverage described herein for the Property, and as required by any applicable Financing Documents. Without limiting the generality of the foregoing, Owner agrees that the insurance coverage described in this Section 6.01 shall be obtained. Manager shall cause all premium payments required in order to keep all the Owner required insurance coverage in effect to be paid in accordance with the Approved Management Plan and Approved Operating Budget or otherwise in accordance with the terms of the Financing Documents on a timely basis out of funds provided by Owner directly or out of the Operating Account. Owner agrees that the insurance coverage set forth in (a) and (b) below shall be maintained by Owner:
Owner Insurance Requirements. Owner shall procure and maintain, at its sole cost and expense, insurance policies of the type, with the coverages and with the endorsements set forth in Exhibit F (collectively, the “Owner Insurance Coverage”).
