Insurance 

a)      Owner’s insurance is highly recommended for each Unit Owner, including liability coverage.  Article 8, Section 2 states: If the (master) insurance proceeds are insufficient to cover a loss, all unit owners shall be liable for assessment for any deficiency for such reconstruction.

b)     It is recommended that Owners obtain Loss Assessments Coverage for Earthquake.  That is Endorsement 440.  This endorsement provides coverage for the insured’s share of special loss assessments charged by a corporation or association of property owners as a result of direct loss by earthquake to property owned by all members collectively. The limit is the most that will be paid for any one loss, regardless of the number of assessments. Without this coverage, Owners will be individually responsible for a deductible amount determined by the Association in the event of a catastrophic or other loss.  Talk to your insurance carrier for further information.