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<h1>Article 10 - Insurance</h1> <h2>10.1 Insurance</h2> <p>The Association has the authority to buy property insurance policies for the subdivision property, Agricultural Easement Area, Recreational Open Space Area, roads, easements, equipment, and any other property it considers necessary. It can also buy commercial general liability insurance for claims and liabilities related to the land shown on the Plat. The Association can purchase any other insurance policies it deems advisable.</p> <h2>10.2 Fidelity Insurance</h2> <p>If any Owner or Association employee controls or disburses Association funds, the Association must obtain and maintain fidelity insurance, provided it's reasonably available. The coverage should not be less than the total of two months' current assessments plus reserves, based on the Association's current budget.</p> <h3>10.2.1</h3> <p>Any person hired as an independent contractor by the Association to manage the Subdivision must maintain fidelity insurance. The coverage should not be less than the amount specified in Section 10.2, unless the Association includes such person as an insured employee in a fidelity insurance contract, as per Section 10.2.</p> <h3>10.2.2</h3> <p>The Association can carry more fidelity insurance than required in Section 10.2. It can also require any independent contractor hired to manage the Project to carry more fidelity insurance coverage than required in Section 10.2.</p> <h2>10.3 Insurance Premiums are Common Expenses</h2> <p>Premiums for insurance that the Association purchases, and other expenses related to such insurance, are considered common expenses.</p>

# Article 10 - Insurance ## 10.1 Insurance The Association has the authority to buy property insurance policies for the subdivision property, Agricultural Easement Area, Recreational Open Space Area, roads, easements, equipment, and any other property it considers necessary. It can also buy commercial general liability insurance for claims and liabilities related to the land shown on the Plat. The Association can purchase any other insurance policies it deems advisable. ## 10.2 Fidelity Insurance If any Owner or Association employee controls or disburses Association funds, the Association must obtain and maintain fidelity insurance, provided it's reasonably available. The coverage should not be less than the total of two months' current assessments plus reserves, based on the Association's current budget. ### 10.2.1 Any person hired as an independent contractor by the Association to manage the Subdivision must maintain fidelity insurance. The coverage should not be less than the amount specified in Section 10.2, unless the Association includes such person as an insured employee in a fidelity insurance contract, as per Section 10.2. ### 10.2.2 The Association can carry more fidelity insurance than required in Section 10.2. It can also require any independent contractor hired to manage the Project to carry more fidelity insurance coverage than required in Section 10.2. ## 10.3 Insurance Premiums are Common Expenses Premiums for insurance that the Association purchases, and other expenses related to such insurance, are considered common expenses.