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name th° Commission as an additional insured. Such liability insurance may be provided by a single policy or combination of underlying policies, with the balance provided by an excess or umbrellaL liability policy; provided such excess or umbrella insurance complies with all of the other requirements of this Agreement with respect to such insurance. 5.02. Property Insurance. During the Term, CHA shall keep any buildings now or hereafter located on the Commission Property insured with an insurance company licensed to do busir.ess in the State of Indiana, selected by CHA and acceptable to the Commission for the benefit of CHA and the Commission, as their respective interests may appear, against loss or damage by fire or other casualty (including earthquake, to the extent customary and available on reasonable terms) covered by a customary extended coverage endorsement, in an amount equal to one hundred percent (100 %) of the replacement cost thereof and providing for and having a deductit le in an amount not exceeding Twenty Five Thousand and Dollars ($25,000.00). Notwithstanding the foregoing, CHA shall at all times maintain such insurance in an amount sufficient to meet all co- insurance requirements under such insurance policy. The Commission shall no-. carry any insurance concurrent in coverage and contributing in the event of loss with any insurance required to be furnished by CHA hereunder, if the effect of such separate insurance would be to reduce the protection or the payment to be made under CHA's insurance. 5.03. Proof of Insurance. CHA shall deliver copies of insurance certificates evidencing all coverage required by this Section 5 to the Commission not less than ten (10) days prior to the expiration of any current insurance coverage. Each such policy referred to in this Section 5 shall contain a provision providing that the policy shall not be canceled, not renewed or mates ially amended without thirty (30) days prior written notice to the Commission or CHA, as applicable. 5.04. Adjustment in Insurance. If by reason of changed conditions or by reason of experience, CHA reasonably determines that the insurance amounts referred to in the foregoing Section 5.01 are inadequate, CHA shall, at the request of the Commission, increase the amounts of such insurance carried to the extent appropriate for a like facility under like circumstances. In the event that it shall become customary for a grantee of a similar easement to maintain. types of insurance coverage other than those required to be maintained by CHA under this Sect ion, CHA shall maintain such other types of insurance coverage upon the written request of the Commission so long as such types of insurance coverage can be obtained by CHA at a reasonable cost. 5.05. Waiver of Subro ag tion. CHA and the Commission waive all rights against each other and against those for whom the other is legally liable for all losses covered by insurance provided under this Section 5 to the extent the upper limits of such insurance are adequate: to cover such losses, it being the intent of this provision to allocate all risk of such loss to such nsurance: Provided, however, that this waiver shall not be effective if it would preclude or prejudice the right of CHA or the Commission to recover under such insurance policy. If the policies of insurance provided for under this Section 5 require an endorsement to provide for continued coverage where there is a waiver of subrogation, CHA will cause such policies to be so endorsed. 4