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C�9l26J2008 � 3:34 : �. 5. (FA�}65163D2613 P.022l034 Attachment D caver volunteers, or a waiver af defense based upon the exclusian of persons serving wit}iout compensation shali be added. 11.1.4 War%ers' Corzzpe�satian insixrance as agplicable and rec�uired by law. 11.1.5 Direct�rs and officers liabiiity ix�s�ance with such reasonable Iimits and coverages as the Board sha1T determine from tirne to �ime. 11. I.6 Such o�ther ins�rance as the Board may determine from ticne to . tirne to be it� the best interests of the Association and the Owners. 11_2 Premiums;_Improvernents, Deduciibles. Except as provided �n �ectio� 6.4 azid tihis Section, all insurance prerni�rns shall be assessed and paid as aII annval Assessmsnt. Palicy deductif��e amounts shall be detern�inec! by the Board. If improvements and betterments ta the Units a�re eavered, any increased cost may be assessed against the Units affected_ The Association may,. in the case of a claim for damage to a Unit or Units, (i} pay the deductible amo�.u►t as a Coznmon Expense, (ii) assess the deduetible arnovnt against the Unit or Units affected in any reasanable manrier, or {iiij require the Owner of any Unit affected to pay t,he deduct�ble amount �irecfly. The Ass�ciatian's decision as to who sha.11 be charged witla paying the ded�.ctible amount may, but need not, be based on fault. 11.3 Loss Pa ee' Insurance Trusfee. All in�ura.tace coverage maintained by tha Association shall be written in the name af, and �he �roceeds thereof shaIl be payable ta, t�e Associati.on (or a qualifiec� insurance trustee selected by it} as trustee far the benefit of the Owners and secured parties which suffer loss. The Association, or an� ii�surance trustee selected b� it, sl�atl have excl�zs��e author�ty fo negatiate, settle arid callect upon any claiFns ar losses under auy insurance policy rr�aintained by the Association. 1 I..4 Required Policv Provisions. All policies of property insurance carried by the Association sha11 proviae that: 11.4.1 Each Owner and s�cured party is an insured Person tu�der the policy with respect to liability arising aut of the Owner's interest in the Common Elemenfs ar rnembership in the Association. I�.4.2 The insurer waives its right to subrogation under the policy against any Owner or member of the Owner's household aud against the Associatzon and zz�embers oi the Board. 11.4.3 The coverage shall not be voided by or conditioned upon (i} any act or omission af an Owner or mortgagee, unless acting witivn the scope of authority on bcha:�f of the Assocration, or (ii} any failure af the Assaciation to cornply with any warraniy or condition regarding any portion af the Prap�rty over which �e Association }�as na control. 21.