Shareholders are required to maintain homeowner’s insurance in a minimum benefit amount of $50,000 with regard to alterations and improvements, $25,000 with regard to contents and $500,000 with regard to liability.  Listing Southbridge Towers as having an “Additional Interest” will require the insurance company to notify Southbridge in the event that the policy has been cancelled or has lapsed.  You must submit proof of insurance on an annual basis.