The material properties of the Parent Borrower and the Restricted Subsidiaries that are necessary for the operation of their businesses are insured with financially sound and reputable insurance companies not Affiliates of the Parent Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Parent Borrower or the applicable Loan Party operates; provided that (i) the Parent Borrower and the Loan Parties may self-insure to the extent customary among companies engaged in similar businesses and operating in similar localities, and (ii) all real property constituting Collateral hereunder with improvements located in a special flood hazard area in a community where flood insurance coverage is available under the Flood Laws is covered by flood insurance in such amounts and with such deductibles as are reasonably acceptable to the Administrative Agent.