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vs�zs�zaos ��:�� , �. � �, . {FA}()65i69026i3 P.027l0�4 Attachment D binding arbitration under th� rules of fihe Ameriean Arbitration Association (or under such other rules as �he parties r�ay unanimously agree), upan the written demand of tiie Association or auy Owner whase Dwelling shares the party wall. A single arbitraEor shall be used unless r�uitiple arbitrators are agreed ta by the parties. The Association sha.Il, upon its reqt�est, be macie a party ta the arbitrati.on, but cannot be compe�led to be a party. Each party agrees that the deeision of #he arbitzators shall be final and conclusive of the quesTions involved. The fees of the arbitrators shall be shared equally by ihe parties, b�t each party shali pay its awn attorne�s' fees or other casts inc�rred in the arbitratian. SECT�ON I1 INSURANCE 11.1 Required Covera .�e. The Association s�al l obtain and maintain, at a minim�n, a master policy or policies of �nsura�ce in accordance witli the insurance requircments sct forth in the Act and the ad.ditional require�nents set forth herein, issued by a reputable ins.iu�ance campany or compar�es autihorized to do business in t.he state af Minnesata, as follows: 11.1.I Property insurance in braad form covering risks of physica.l loss in an a�nount equal to one hu�dred percent of the insurabie "replacement cost" of the Ptoperty, less deductibles, exclusive of land, footings, excavation and other items normally excluded from coverage (6�t incl�zding all buildi�g service equipment and machinery). The Associatian may or may not insure the iar�proveme�ts and betterments referred to in Secfion 515B_3-113(b}(i} through (vii) oi t�e Act as determined by the Soard. The policy or palicies shall caver pezsonal property owned by the Assoeiation. `L'he policy or po�icies sha11 also contain "Inflation Guard" and "Ag�eed Amount" endorserrie�ts, if reasonably available. 11.1.2 Comrnercial general liability insurance covering the use, operatian and �naintenance of the Common E3ements, with rnini�n.um limits of one million dollars per occurrence, against claims for death, hadily injtiry and praperty damage, and such other risks as are custom�rily covered by s�ch policies far projects sunilar in constru.ctian, loca.tion aud use to the Proper�y. T�e policy sha11 contain a"severability oi interest" endorsemen# which shalT preclude the ins�er frorn denying the claiazm of an Owner or Occupa.n.t because of negligent acts of t.he Association or other Owners or Occupanfs. 11.1.3 Fideiity bond or insurance coverage against disI�onest acts on �e part o� diarectors, c�fficers, managers, trustees, emplayees or persons responsible for hanci�.ing funds belongfng to �r admu3isiered by the Assoczation, if deemed to be advisable by the Board or required by the regulations of any £'�ttancing-related institution as a preconditian to the purchase, it�suring, guarautee, or fma,nci�g of a mortga.ge an a Unit_ The fidelity band or insurance shail name the Associa�ion as the narxaed ins�red. An appropriate endorsement to t�e policy to cover any persons wha serve without compensatian sha,il be added if the policy would not otherwise 2a