{"data":{"id":"us-or/ors-94.680","jurisdiction":"us-or","citation":"ORS 94.680","heading":"Blanket all-risk insurance.","body":"(1) If a declaration or bylaws provide that the homeowners association has the sole authority to decide whether to repair or reconstruct a unit that has suffered damage or whether a unit must be repaired or reconstructed, the board of directors shall obtain blanket all-risk insurance for the full replacement cost of all structures in the planned community. Cost of the coverage shall be a common expense to the association.\n      (2) If the declaration or bylaws contain a provision described in subsection (1) of this section, the declaration or bylaws also shall provide:\n      (a) Requirements of or limitations on repairing or reconstructing damaged or destroyed property;\n      (b) The time within which the repair or reconstruction must begin; and\n      (c) The actions the board of directors must take if:\n      (A) Damage or destruction is not repaired or replaced; or\n      (B) Insurance proceeds exceed or fall short of the costs of repair or reconstruction.","path":["03 - Landlord-Tenant, Domestic Relations, Probate","10. Property Rights and Transactions","Chapter 94 — Real Property Development"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors094.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"80287431abe468322e478a3b7f1aa2cb931fbafcec50c696087254fcc4ba7d02","source_id":"us-or","stale":false,"prev":"us-or/ors-94.677","next":"us-or/ors-94.685"},"notice":"GroundRules: Original legal text. Not legal advice."}