Common use of BUILDING AREA LIABILITY INSURANCE Clause in Contracts

BUILDING AREA LIABILITY INSURANCE. Each Owner shall at all times during the term of this Declaration maintain or cause to be maintained commercial or comprehensive general liability insurance covering the Owner's Parcel (excluding Common Area) insuring against the risks of bodily injury, property damage and personal injury liability, with a limit of not less than Three Million Dollars ($3,000,000) per occurrence, which amount shall be reviewed and adjusted by the Board every three (3) years for increases recommended by insurance industry-recommended standards for mixed use commercial centers in San Diego County, California.