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TRAVELERST One Tower Square Hartford Connecticut 06183 CHANGE ENDORSEMENT INSURING COMPANY THE PHOENIX INSURANCE COMPANY Named Insured CLAY PLATTE VENTURE GROUP LLC DBA NELL HILL S Policy Number 680 8M849912 19 42 Policy Effective Date 12282019 Policy Expiration Date 12282020 Issue Date 01302020 Premium NIL Effective from 012820 at the time of day the policy becomes effective. THIS INSURANCE IS AMENDED AS FOLLOWS On the Businessowners Coverage Part Declarations Loss Payee the following Loss Payees is are added PREM BLDG LOSS PAYEE LOC. NO. NO. NAME and MAILING ADDRESS 2 1 BYLINE BANK PO BOX 12111 EVERETT WA 98206 1 1 BYLINE BANK PO BOX 12111 EVERETT WA 98206 The following forms andor endorsements is are included with this change. These forms are added to the policy or replace forms already existing on the policy PR TO 07 02 15 CP 12 18 10 12 IL TO 07 09 87 Countersigned by NAME AND ADDRESS OF AGENT OR BROKER HUB INTERL MIDWEST 9200 WARD PKWY STE 500 KANSAS CITY MO 6411 Authorized Representative DATE 01302020 Office ELMIRA NY SRV CTR MO 64114 ILT0070987 Pagel of1 TRAVELERS DOC MGMT Page 146 of 391 | 2 |
POLICY NUMBER 680 8M849912 19 42 EFFECTIVE DATE 12282019 ISSUE DATE 01302020 LISTING OF FORMS ENDORSEMENTS AND SCHEDULE NUMBERS THIS LISTING SHOWS THE NUMBER OF FORMS SCHEDULES AND ENDORSEMENTS BY LINE OF BUSINESS IL PN IL IL MP IL IL BUSINESSOWNERS MP CP MP MP MP MP MP MP MP MP MP MP TO u3 TO TO TO T8 T3 TO 12 T1 T1 T3 T3 T3 T3 T3 T3 T3 T5 COMMERCIAL ce ce ce ce ce ce ce ce ce ce TO TO TO T1 D3 D2 D8 D4 D6 D1 07 20 19 25 01 01 15 25 18 30 02 63 07 25 41 49 50 56 37 09 04 02 o8 02 01 09 02 10 02 02 03 03 01 02 10 11 02 11 87 19 05 01 05 01 07 05 12 05 05 15 97 15 05 06 06 08 13 CHANGE ENDORSEMENT LIBERALIZATION LETTER GENERAL LIABILITY PRODUCT MODERNIZATION COMMON POLICY DECLARATIONS RENEWAL CERTIFICATE BUSINESSOWNERS COVERAGE PART DECLARATIONS FORMS ENDORSEMENTS AND SCHEDULE NUMBERS COMMON POLICY CONDITIONS SPECIAL PROVISIONS LOSS PAYEE LOSS PAYABLE PROVISIONS TABLE OF CONTENTS BUSINESSOWNERS COVERAGE PART DELUXE PLAN BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM POWER PAC PREMIER ENDORSEMENT PROTECTIVE SAFEGUARDS ENDORSEMENT FOR SPRINKLERED LOCATIONS AND RESTAURANTS FEDERAL TERRORISM RISK INSURANCE ACT DISCLOSURE THEFT OF MONEY AND SECURITIES LIMITATION BUSINESS INCOME AND EXTRA EXPENSE POLICY LEVEL DOLLAR LIMIT ENDORSEMENT EQUIPMENT BREAKDOWN SERVICE INTERRUPTION LIMITATION AMENDATORY PROVISIONS GREEN BUILDING AND BUSINESS PERSONAL PROP COV ENHANCEMENTS MISSOURI CHANGES GENERAL LIABILITY 07 08 34 00 09 03 42 21 18 42 04 07 02 02 02 12 02 07 10 02 09 86 19 19 19 97 19 08 11 19 DECLARATIONS PREMIUM SCHEDULE KEY TO DECLARATIONS PREMIUM SCHEDULE TABLE OF CONTENTS COMMERCIAL GENERAL LIABILITY COVERAGE FORM CG T1 00 02 19 COMMERCIAL GENERAL LIABILITY COVERAGE FORM AMENDATORY ENDORSEMENT PRODUCTS COMPLETED OPERATIONS HAZARD AMEND NON CUMULATION OF EACH OCC XTEND ENDORSEMENT FOR SMALL BUSINESSES AMEND CONTRAL LIAB EXCL EXC TO NAMED INS EXCLUSION VIOLATION OF CONSUMER FINANCIAL PROTECTION LAWS EXCLUSION DISCRIMINATION TEXT IN THIS FORM HAS CHANGED OR THE FORM WAS NOT ON POLICY BEFORE. T8 010101 PAGE 1 OF 3 TRAVELERS DOC MGMT Page 147 of 391 CHANGE ENDORSEMENT LIBERALIZATION LETTER GENERAL LIABILITY PRODUCT MODERNIZATION COMMON POLICY DECLARATIONS RENEWAL CERTIFICATE BUSINESSOWNERS COVERAGE PART DECLARATIONS FORMS ENDORSEMENTS AND SCHEDULE NUMBERS COMMON POLICY CONDITIONS IL T8 010101 | 2 |
POLICY NUMBER 680 8M849912 19 42 EFFECTIVE DATE 12282019 ISSUE DATE 01302020 COMMERCIAL cG cG cG 26 F2 F9 CYBERFIRST PR PR PR PR PR PR PR TO T1 T1 T5 T4 T5 F3 EMPLOYMENT PR PR PR PR TO T1 T5 F1 GENERAL LIABILITY CONTINUED 50 04 13 50 09 08 34 02 19 MISSOURI CHANGES MEDICAL PAYMENTS MISSOURI CHANGES DEFINITION OF POLLUTANTS AMENDMENT OF DUTIES IN EVENT OF AN OCCURRENCE OFFENSE CLAIM OR SUIT CONDITION ESSENTIALS LIABILITY ENDORSEMENTS 22 13 14 21 97 14 63 02 02 02 03 03 01 02 12 12 12 15 15 15 12 CYBERFIRST ESSENTIALS COVERAGE PART DECLARATIONS CYBERFIRST ESSENTIALS GENERAL PROVISIONS FORM CYBERFIRST ESSENTIALS INFORMATION SECURITY LIABILITY COVERAGE FORM COVG FOR FINANCIAL INTEREST IN FOREIGN INSURED ORGANIZATIONS CYBERFIRST ESSENTIALS BREACH ESSENTIALS ENDORSEMENT AMEND OF AI AND PI DEFINITIONS INFORMATION SECURITY LIABILITY MISSOURI MANDATORY ENDORSEMENT PRACTICES LIABILITY 07 10 23 39 02 04 03 04 MULTIPLE SUBLINE CG T3 33 11 CG 26 25 04 INTERLINE ENDORSEMENTS IL IL IL IL IL IL IL IL T3 T4 T4 T3 00 01 02 FO 68 12 14 82 21 05 74 61 POLICY HOLDER 01 03 01 05 09 10 02 09 NOTICES 15 EMPLOYMENT PRACTICES LIAB COVG PART DEC 09 EMPLOYMENT PRACTICES LIABILITY COVERAGE FORM 15 COVG FOR FINANCIAL INTEREST IN FOREIGN ORGANIZATIONS EMPLOYMENT PRACTICES LIABILITY 09 MISSOURI MANDATORY ENDORSEMENT ENDORSEMENTS 03 LIMITATION WHEN TWO OR MORE POLICIES APPLY 05 15 15 15 13 o8 o8 13 07 MISSOURI CHANGES GUARANTY ASSOCIATION FEDERAL TERRORISM RISK INSURANCE ACT DISCLOSURE AMNDT COMMON POLICY COND PROHIBITED COVG CAP ON LOSSES FROM CERTIFIED ACTS OF TERRORISM EXCLUSION OF LOSS DUE TO VIRUS OR BACTERIA NUCLEAR ENERGY LIABILITY EXCLUSION ENDORSEMENT BROAD FORM MISSOURI CHANGES POLLUTION MISSOURI CHANGES CANCELLATION AND NONRENEWAL MISSOURI CHANGES DEFINITION OF POLLUTANTS TEXT IN THIS FORM HAS CHANGED OR THE FORM WAS NOT ON POLICY BEFORE. 3010101 PAGE 2 OF 3 TRAVELERS DOC MGMT Page 148 of 391 ILT8010101 | 2 |
POLICY NUMBER 680 8M849912 19 42 EFFECTIVE DATE 12282019 ISSUE DATE 01302020 PN T4 PN T5 PN MP PN T7 PN MP 54 86 57 72 38 01 04 04 07 01 o8 09 17 11 11 IMPORTANT NOTICE REGARDING INDEPENDENT AGENT AND BROKER COMPENSATION EPL RISK MANAGEMENT LETTER IMP NOT PROT SAFEGUARDS SPRK AND REST IMPORTANT NOTICE EMPLOYMENT PRACTICES LIABILITY HOTLINE IMPORTANT NOTICE JURISDICTIONAL INSPECTIONS PN T2 04 05 10 IMPORTANT NOTICE CONTACT INFO MISSOURI TEXT IN THIS FORM HAS CHANGED OR THE FORM WAS NOT ON POLICY BEFORE. 3010101 PAGE 3 OF 3 TRAVELERS DOC MGMT Page 149 of 391 ILT8010101 | 2 |
TRAVELERS PROPERTY TRAVELERS DOC MGMT Page 150 of 391 | 2 |
TRAVELERS PROPERTY TRAVELERS DOC MGMT Page 151 of 391 | 2 |
COMMERCIAL PROPERTY POLICY NUMBER 680 8M849912 19 42 ISSUE DATE 01302020 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. LOSS PAYABLE PROVISIONS This endorsement modifies insurance provided under the following BUILDERS RISK COVERAGE FORM BUILDING AND PERSONAL PROPERTY COVERAGE FORM CONDOMINIUM ASSOCIATION COVERAGE FORM CONDOMINIUM COMMERCIAL UNIT OWNERS COVERAGE FORM STANDARD PROPERTY POLICY SCHEDULE Location Number 002 Building Number 001 Applicable Clause Enter C.1C.2C.3.0rC4 C.1 Description Of Property BUSINESS PERSONAL PROPERTY Loss Payee Name BYLINE BANK ITS SUCCESSORS AND OR ASSIGNS Loss Payee Address PO BOX 12111 EVERETT WA 98206 Location Number 001 Building Number 001 Applicable Clause Enter C.1. C.2 C.3.or C4. C.1 Description Of Property BUSINESS PERSONAL PROPERTY Loss Payee Name BYLINE BANK ITS SUCCESSORS AND OR ASSIGNS Loss Payee Address PO BOX 12111 EVERETT WA 98206 Location Number 002 Building Number o001 Applicable Clause Enter C.1C.2C.3.0rC4. C.1 Description Of Property BUSINESS PERSONAL PROPERTY Loss Payee Name PLATTE VALLEY BANK OF MISSOURI Loss Payee Address 9591 N MCGEE ST KANSAS CITY MO 64155 Information required to complete this Schedule if not shown above will be shown in the Declarations. SRy oss Payee Name BYLINE BANK ITS SUCCESSORS AND OR ASSIGNS oss Payee Address PO BOX 12111 T At AVeLiApe fANeVRAL FyTAanss oss Payee Name BYLINE BANK ITS SUCCESSORS AND OR ASSIGNS oss Payee Address PO BOX 12111 EETIERERE o D AEEET Ay e BUeLANSee SFafoliiaL FausanL s oss Payee Name PLATTE VALLEY BANK OF MISSOURI oss Payee Address 9591 N MCGEE ST Insurance Services Office Inc. 2011 Page 1 of 3 TRAVELERS DOC MGMT Page 152 of 391 CP12181012 | 2 |
COMMERCIAL PROPERTY A. When this endorsement is attached to the Standard Property Policy CP 00 99 the term Coverage Part in this endorsement is replaced by the term Policy. B. Nothing in this endorsement increases the applicable Limit of Insurance. We will not pay any Loss Payee more than their financial interest in the Covered Property and we will not pay more than the applicable Limit of Insurance on the Covered Property. C. The following is added to the Loss Payment Loss Condition as indicated in the Declarations or in the Schedule 1. Loss Payable Clause For Covered Property in which both you and a Loss Payee shown in the Schedule or in the Declarations have an insurable interest we will Adjust losses with you and b. Pay any claim for loss or damage jointly to you and the Loss Payee as interests may appear 2. Lender s Loss Payable Clause a. The Loss Payee shown in the Schedule or in the Declarations is a creditor including a mortgageholder or trustee whose interest in Covered Property is established by such written instruments as 1 Warehouse receipts 2 A contract for deed 3 Bills of lading 4 Financing statements or 5 Mortgages deeds of trust or security agreements. b. For Covered Property in which both you and a Loss Payee have an insurable interest 1 We will pay for covered loss or damage to each Loss Payee in their order of precedence as interests may appear. 2 The Loss Payee has the right to receive loss payment even if the Loss Payee has started foreclosure or similar action on the Covered Property. c. 3 If we deny your claim because of your acts or because you have failed to comply with the terms of the Coverage Part the Loss Payee will still have the right to receive loss payment if the Loss Payee a Pays any premium due under this Coverage Part at our request if you have failed to do so b Submits a signed sworn proof of loss within 60 days after receiving notice from us of your failure to do so and c Has notified us of any change in ownership occupancy or substantial change in risk known to the Loss Payee. All of the terms of this Coverage Part will then apply directly to the Loss Payee. If we pay the Loss Payee for any loss or damage and deny payment to you because of your acts or because you have failed to comply with the terms of this Coverage Part a The Loss Payee s rights will be transferred to us to the extent of the amount we pay and b The Loss Payee s rights to recover the full amount of the Loss Payee s claim will not be impaired. At our option we may pay to the Loss Payee the whole principal on the debt plus any accrued interest. In this event you will pay your remaining debt to us. If we cancel this policy we will give written notice to the Loss Payee at least 1 10 days before the effective date of cancellation if we cancel for your nonpayment of premium or 2 30 days before the effective date of cancellation if we cancel for any other reason. If we elect not to renew this policy we will give written notice to the Loss Payee at least 10 days before the expiration date of this policy. Insurance Services Office Inc. 2011 Page 2 of 3 TRAVELERS DOC MGMT Page 153 of 391 CP 12181012 | 2 |
COMMERCIAL PROPERTY For Covered Property that is the subject of a contract of sale the word you includes the Loss Payee. 4. Building Owner Loss Payable Clause a. The Loss Payee shown in the Schedule or in the Declarations is the owner of the described building in which you are a tenant. We will adjust losses to the described building with the Loss Payee. Any loss payment made to the Loss Payee will satisfy your claims against us for the owner s property. We will adjust losses to tenants improvements and betterments with you unless the lease provides otherwise. 3. Contract Of Sale Clause The Loss Payee shown in the Schedule or in the Declarations is a person or organization you have entered into a contract with for the sale of Covered Property. For Covered Property in which both you and the Loss Payee have an insurable interest we will 1 Adjust losses with you and 2 Pay any claim for loss or damage jointly to you and the Loss Payee as interests may appear. The following is added to the Other Insurance Condition Insurance Services Office Inc. 2011 Page 3 of 3 TRAVELERS DOC MGMT Page 154 of 391 CP 12181012 | 2 |
EMPLOYMENT PRACTICES LIABILITY TRAVELERS DOC MGMT Page 155 of 391 | 2 |
EMPLOYMENT PRACTICES LIABILITY TRAVELERS DOC MGMT Page 156 of 391 | 2 |
A TRAVELERSJ One Tower Square Hartford Connecticut 06183 EMPLOYMENT PRACTICES LIABILITY POLICY NO. 680 8M849912 19 42 WITH IDENTITY FRAUD EXPENSE ISSUE DATE01302020 REIMBURSEMENTCOVERAGE PART DECLARATIONS THIS FORM PROVIDES CLAIMS MADE COVERAGE WITH DEFENSE EXPENSES INCLUDED IN THE LIMIT OF LIABILITY FOR EMPLOYMENT PRACTICES LIABILITY COVERAGE INSURING COMPANY THE PHOENIX INSURANCE COMPANY POLICY PERIOD From 12282019 to 12282020 1201 A.M. Standard Time at your mailing address shown in the Common Policy Declarations. The Employment Practices Liability With Identity Fraud Expense Reimbursement Coverage Part consists of these Declarations and the Coverage Form shown below. ITEM 1. LIMIT OF INSURANCE AND RETENTION FOR EMPLOYMENT PRACTICES LIABILITY COVERAGE Limit of Insurance 100000 Defense Expenses are included within the Limit of Insurance Retention Amount applicable to each Employment Practices Liability Claim 2500 ITEM 2. LIMIT OF INSURANCE AND DEDUCTIBLE FOR IDENTITY FRAUD EXPENSE REIMBURSEMENT COVERAGE Limit of Insurance 2500 Deductible Amount applicable to Identity Fraud Expense Reimbursement 0 ITEM 3. EMPLOYMENT PRACTICES LIABILITY COVERAGE EXTENDED REPORTING PERIOD Subject to the terms and conditions of the Employment Practices Liability Coverage an optional Extended Re porting Period may be purchased for 12 months for 75 of the Premium for the Policy Period. ITEM 4. EMPLOYMENT PRACTICES LIABILITY CONTINUITY DATE Continuity Date 12282018 ITEM 5. PREMIUM INCLUDED ITEM 6. NUMBERS OF FORMS SCHEDULES AND ENDORSEMENTS FORMING THIS COVERAGE PART ARE ATTACHED AS A SEPARATE LISTING. Page 1of 1 PR T00702 15 2015 The Travelers Indemnity Company. Al rights reserved. TRAVELERS DOC MGMT Page 157 of 391 | 2 |
TRAVELERST One Tower Square Hartford Connecticut 06183 CHANGE ENDORSEMENT INSURING COMPANY THE PHOENIX INSURANCE COMPANY Named Insured CLAY PLATTE VENTURE GROUP LLC DBA NELL HILL S Policy Number 680 8M849912 19 42 Policy Effective Date 12282019 Policy Expiration Date 12282020 Issue Date 04022020 Premium NIL Effective from 032620 at the time of day the policy becomes effective. THIS INSURANCE IS AMENDED AS FOLLOWS On the Businessowners Coverage Part Declarations Mortgagees the following Mortgage Holders is are added PREM BLDG MORTGAGE HOLDER LOC. NO. NO. NAME and MAILING ADDRESS 2 1 NODAWAY VALLEY BANK PO BOX 7315 SAINT JOSEPH MO 64507 On the Businessowners Coverage Part Declarations Loss Payee the following Loss Payees is are added PREM BLDG LOSS PAYEE LOC. NO. NO. NAME and MAILING ADDRESS 2 1 NODAWAY VALLEY BANK PO BOX 7315 SAINT JOSEPH MO 64507 The following forms andor endorsements is are included with this change. These forms are added to the policy or replace forms already existing on the policy PR TO 07 02 15 CP 12 18 10 12 IL TO 07 09 87 MP TO 20 02 05 Countersigned by NAME AND ADDRESS OF AGENT OR BROKER HUB INTERL MIDWEST 9200 WARD PKWY STE 500 KANSAS CITY MO 6411 Authorized Representative DATE 04022020 Office ELMIRA NY SRV CTR MO 64114 ILT0070987 Pagel of1 TRAVELERS DOC MGMT Page 158 of 391 | 2 |
POLICY NUMBER 680 8M849912 19 42 EFFECTIVE DATE 12282019 ISSUE DATE 04022020 LISTING OF FORMS ENDORSEMENTS AND SCHEDULE NUMBERS THIS LISTING SHOWS THE NUMBER OF FORMS SCHEDULES AND ENDORSEMENTS BY LINE OF BUSINESS IL PN IL IL MP IL IL BUSINESSOWNERS MP CP MP MP MP MP MP MP MP MP MP MP TO u3 TO TO TO T8 T3 TO 12 T1 T1 T3 T3 T3 T3 T3 T3 T3 T5 COMMERCIAL ce ce ce ce ce ce ce ce ce ce TO TO TO T1 D3 D2 D8 D4 D6 D1 07 20 19 25 01 01 15 25 18 30 02 63 07 25 41 49 50 56 37 09 04 02 o8 02 01 09 02 10 02 02 03 03 01 02 10 11 02 11 87 19 05 01 05 01 07 05 12 05 05 15 97 15 05 06 06 08 13 CHANGE ENDORSEMENT LIBERALIZATION LETTER GENERAL LIABILITY PRODUCT MODERNIZATION COMMON POLICY DECLARATIONS RENEWAL CERTIFICATE BUSINESSOWNERS COVERAGE PART DECLARATIONS FORMS ENDORSEMENTS AND SCHEDULE NUMBERS COMMON POLICY CONDITIONS SPECIAL PROVISIONS LOSS PAYEE LOSS PAYABLE PROVISIONS TABLE OF CONTENTS BUSINESSOWNERS COVERAGE PART DELUXE PLAN BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM POWER PAC PREMIER ENDORSEMENT PROTECTIVE SAFEGUARDS ENDORSEMENT FOR SPRINKLERED LOCATIONS AND RESTAURANTS FEDERAL TERRORISM RISK INSURANCE ACT DISCLOSURE THEFT OF MONEY AND SECURITIES LIMITATION BUSINESS INCOME AND EXTRA EXPENSE POLICY LEVEL DOLLAR LIMIT ENDORSEMENT EQUIPMENT BREAKDOWN SERVICE INTERRUPTION LIMITATION AMENDATORY PROVISIONS GREEN BUILDING AND BUSINESS PERSONAL PROP COV ENHANCEMENTS MISSOURI CHANGES GENERAL LIABILITY 07 08 34 00 09 03 42 21 18 42 04 07 02 02 02 12 02 07 10 02 09 86 19 19 19 97 19 08 11 19 DECLARATIONS PREMIUM SCHEDULE KEY TO DECLARATIONS PREMIUM SCHEDULE TABLE OF CONTENTS COMMERCIAL GENERAL LIABILITY COVERAGE FORM CG T1 00 02 19 COMMERCIAL GENERAL LIABILITY COVERAGE FORM AMENDATORY ENDORSEMENT PRODUCTS COMPLETED OPERATIONS HAZARD AMEND NON CUMULATION OF EACH OCC XTEND ENDORSEMENT FOR SMALL BUSINESSES AMEND CONTRAL LIAB EXCL EXC TO NAMED INS EXCLUSION VIOLATION OF CONSUMER FINANCIAL PROTECTION LAWS EXCLUSION DISCRIMINATION TEXT IN THIS FORM HAS CHANGED OR THE FORM WAS NOT ON POLICY BEFORE. T8 010101 PAGE 1 OF 3 TRAVELERS DOC MGMT Page 159 of 391 CHANGE ENDORSEMENT LIBERALIZATION LETTER GENERAL LIABILITY PRODUCT MODERNIZATION COMMON POLICY DECLARATIONS RENEWAL CERTIFICATE BUSINESSOWNERS COVERAGE PART DECLARATIONS FORMS ENDORSEMENTS AND SCHEDULE NUMBERS COMMON POLICY CONDITIONS IL T8 010101 | 2 |
POLICY NUMBER 680 8M849912 19 42 EFFECTIVE DATE 12282019 ISSUE DATE 04022020 COMMERCIAL cG cG cG 26 F2 F9 CYBERFIRST PR PR PR PR PR PR PR TO T1 T1 T5 T4 T5 F3 EMPLOYMENT PR PR PR PR TO T1 T5 F1 GENERAL LIABILITY CONTINUED 50 04 13 50 09 08 34 02 19 MISSOURI CHANGES MEDICAL PAYMENTS MISSOURI CHANGES DEFINITION OF POLLUTANTS AMENDMENT OF DUTIES IN EVENT OF AN OCCURRENCE OFFENSE CLAIM OR SUIT CONDITION ESSENTIALS LIABILITY ENDORSEMENTS 22 13 14 21 97 14 63 02 02 02 03 03 01 02 12 12 12 15 15 15 12 CYBERFIRST ESSENTIALS COVERAGE PART DECLARATIONS CYBERFIRST ESSENTIALS GENERAL PROVISIONS FORM CYBERFIRST ESSENTIALS INFORMATION SECURITY LIABILITY COVERAGE FORM COVG FOR FINANCIAL INTEREST IN FOREIGN INSURED ORGANIZATIONS CYBERFIRST ESSENTIALS BREACH ESSENTIALS ENDORSEMENT AMEND OF AI AND PI DEFINITIONS INFORMATION SECURITY LIABILITY MISSOURI MANDATORY ENDORSEMENT PRACTICES LIABILITY 07 10 23 39 02 04 03 04 MULTIPLE SUBLINE CG T3 33 11 CG 26 25 04 INTERLINE ENDORSEMENTS IL IL IL IL IL IL IL IL T3 T4 T4 T3 00 01 02 FO 68 12 14 82 21 05 74 61 POLICY HOLDER 01 03 01 05 09 10 02 09 NOTICES 15 EMPLOYMENT PRACTICES LIAB COVG PART DEC 09 EMPLOYMENT PRACTICES LIABILITY COVERAGE FORM 15 COVG FOR FINANCIAL INTEREST IN FOREIGN ORGANIZATIONS EMPLOYMENT PRACTICES LIABILITY 09 MISSOURI MANDATORY ENDORSEMENT ENDORSEMENTS 03 LIMITATION WHEN TWO OR MORE POLICIES APPLY 05 15 15 15 13 o8 o8 13 07 MISSOURI CHANGES GUARANTY ASSOCIATION FEDERAL TERRORISM RISK INSURANCE ACT DISCLOSURE AMNDT COMMON POLICY COND PROHIBITED COVG CAP ON LOSSES FROM CERTIFIED ACTS OF TERRORISM EXCLUSION OF LOSS DUE TO VIRUS OR BACTERIA NUCLEAR ENERGY LIABILITY EXCLUSION ENDORSEMENT BROAD FORM MISSOURI CHANGES POLLUTION MISSOURI CHANGES CANCELLATION AND NONRENEWAL MISSOURI CHANGES DEFINITION OF POLLUTANTS TEXT IN THIS FORM HAS CHANGED OR THE FORM WAS NOT ON POLICY BEFORE. 3010101 PAGE 2 OF 3 TRAVELERS DOC MGMT Page 160 of 391 ILT8010101 | 2 |
POLICY NUMBER 680 8M849912 19 42 EFFECTIVE DATE 12282019 ISSUE DATE 04022020 PN T4 PN T5 PN MP PN T7 PN MP 54 86 57 72 38 01 04 04 07 01 o8 09 17 11 11 IMPORTANT NOTICE REGARDING INDEPENDENT AGENT AND BROKER COMPENSATION EPL RISK MANAGEMENT LETTER IMP NOT PROT SAFEGUARDS SPRK AND REST IMPORTANT NOTICE EMPLOYMENT PRACTICES LIABILITY HOTLINE IMPORTANT NOTICE JURISDICTIONAL INSPECTIONS PN T2 04 05 10 IMPORTANT NOTICE CONTACT INFO MISSOURI TEXT IN THIS FORM HAS CHANGED OR THE FORM WAS NOT ON POLICY BEFORE. 3010101 PAGE 3 OF 3 TRAVELERS DOC MGMT Page 161 of 391 ILT8010101 | 2 |
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A TRAVELERSJ One Tower Square Hartford Connecticut 06183 MORTGAGEES POLICY NO. 680 8M849912 19 42 ISSUE DATE 04022020 PREMISES LOCATION NUMBER 002 BUILDING NUMBER 001 LOCATION BUILDING MORTGAGE HOLDER NUMBER NUMBER NAME AND MAILING ADDRESS 002 001 NODAWAY VALLEY BANK PO BOX 7315 SAINT JOSEPH MO 64507 MPT0200205 Page1l of1 TRAVELERS DOC MGMT Page 164 of 391 | 2 |
COMMERCIAL PROPERTY POLICY NUMBER 680 8M849912 19 42 ISSUE DATE 04022020 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. LOSS PAYABLE PROVISIONS This endorsement modifies insurance provided under the following BUILDERS RISK COVERAGE FORM BUILDING AND PERSONAL PROPERTY COVERAGE FORM CONDOMINIUM ASSOCIATION COVERAGE FORM CONDOMINIUM COMMERCIAL UNIT OWNERS COVERAGE FORM STANDARD PROPERTY POLICY SCHEDULE Location Number 002 Building Number 001 Applicable Clause Enter C.1C.2C3.0rC4 C.1 Description Of Property BUSINESS PERSONAL PROPERTY Loss Payee Name NODAWAY VALLEY BANK Loss Payee Address PO BOX 7315 SAINT JOSEPH MO 64507 Location Number 002 Building Number 001 Applicable Clause Enter C.1. C.2 C.3.0r C.4 C.1 Description Of Property BUSINESS PERSONAL PROPERTY Loss Payee Name BYLINE BANK ITS SUCCESSORS AND OR ASSIGNS Loss Payee Address PO BOX 12111 EVERETT WA 98206 Location Number 001 Building Number o001 Applicable Clause Enter C.1C.2C.3.0rC4. C.1 Description Of Property BUSINESS PERSONAL PROPERTY Loss Payee Name BYLINE BANK ITS SUCCESSORS AND OR ASSIGNS Loss Payee Address PO BOX 12111 EVERETT WA 98206 Information required to complete this Schedule if not shown above will be shown in the Declarations. oss Payee Name NODAWAY VALLEY BANK oss Payee Address PO BOX 7315 et SVelffee SASoVAEAa FREAaRLE oss Payee Name BYLINE BANK ITS SUCCESSORS AND OR ASSIGNS oss Payee Address PO BOX 12111 LUeLiLee SLaAoUNsaL SRVESLRLL BYLINE BANK ITS SUCCESSORS AND OR ASSIGNS oss Payee Address PO BOX 12111 oss Payee Name Insurance Services Office Inc. 2011 Page 1 of4 TRAVELERS DOC MGMT Page 165 of 391 CP 12181012 | 2 |
COMMERCIAL PROPERTY A. When this endorsement is attached to the Standard Property Policy CP 00 99 the term Coverage Part in this endorsement is replaced by the term Policy. B. Nothing in this endorsement increases the applicable Limit of Insurance. We will not pay any Loss Payee more than their financial interest in the Covered Property and we will not pay more than the applicable Limit of Insurance on the Covered Property. C. The following is added to the Loss Payment Loss Condition as indicated in the Declarations or in the Schedule 1. Loss Payable Clause For Covered Property in which both you and a Loss Payee shown in the Schedule or in the Declarations have an insurable interest we will Adjust losses with you and b. Pay any claim for loss or damage jointly to you and the Loss Payee as interests may appear 2. Lender s Loss Payable Clause a. The Loss Payee shown in the Schedule or in the Declarations is a creditor including a mortgageholder or trustee whose interest in Covered Property is established by such written instruments as 1 Warehouse receipts 2 A contract for deed 3 Bills of lading 4 Financing statements or 5 Mortgages deeds of trust or security agreements. b. For Covered Property in which both you and a Loss Payee have an insurable interest 1 We will pay for covered loss or damage to each Loss Payee in their order of precedence as interests may appear. 2 The Loss Payee has the right to receive loss payment even if the Loss Payee has started foreclosure or similar action on the Covered Property. c. 3 If we deny your claim because of your acts or because you have failed to comply with the terms of the Coverage Part the Loss Payee will still have the right to receive loss payment if the Loss Payee a Pays any premium due under this Coverage Part at our request if you have failed to do so b Submits a signed sworn proof of loss within 60 days after receiving notice from us of your failure to do so and c Has notified us of any change in ownership occupancy or substantial change in risk known to the Loss Payee. All of the terms of this Coverage Part will then apply directly to the Loss Payee. If we pay the Loss Payee for any loss or damage and deny payment to you because of your acts or because you have failed to comply with the terms of this Coverage Part a The Loss Payee s rights will be transferred to us to the extent of the amount we pay and b The Loss Payee s rights to recover the full amount of the Loss Payee s claim will not be impaired. At our option we may pay to the Loss Payee the whole principal on the debt plus any accrued interest. In this event you will pay your remaining debt to us. If we cancel this policy we will give written notice to the Loss Payee at least 1 10 days before the effective date of cancellation if we cancel for your nonpayment of premium or 2 30 days before the effective date of cancellation if we cancel for any other reason. If we elect not to renew this policy we will give written notice to the Loss Payee at least 10 days before the expiration date of this policy. Insurance Services Office Inc. 2011 Page 2 of 4 TRAVELERS DOC MGMT Page 166 of 391 CP 12181012 | 2 |
COMMERCIAL PROPERTY For Covered Property that is the subject of a contract of sale the word you includes the Loss Payee. 4. Building Owner Loss Payable Clause The Loss Payee shown in the Schedule or in the Declarations is the owner of the described building in which you are a tenant. We will adjust losses to the described building with the Loss Payee. Any loss payment made to the Loss Payee will satisfy your claims against us for the owner s property. We will adjust losses to tenants improvements and betterments with you unless the lease provides otherwise. 3. Contract Of Sale Clause a. The Loss Payee shown in the Schedule or in the Declarations is a person or organization you have entered into a contract with for the sale of Covered Property. For Covered Property in which both you and the Loss Payee have an insurable interest we will 1 Adjust losses with you and 2 Pay any claim for loss or damage jointly to you and the Loss Payee as interests may appear. The following is added to the Other Insurance Condition Insurance Services Office Inc. 2011 Page 3 of4 TRAVELERS DOC MGMT Page 167 of 391 CP 12181012 | 2 |
COMMERCIAL PROPERTY POLICY NUMBER 680 8M849912 19 42 ISSUE DATE 04022020 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. LOSS PAYABLE PROVISIONS SCHEDULE Location Number 2 Building Number 1 Applicable Clause Enter C.1.C.2C.3.0rC4. C.1 Description Of Property BUSINESS PERSONAL PROPERTY Loss Payee Name PLATTE VALLEY BANK OF MISSOURI Loss Payee Address 9591 N MCGEE ST KANSAS CITY MO 64155 I oss Payee Name PLATTE VALLEY BANK OF MISSOURI oss Payee Address 9591 N MCGEE ST Insurance Services Office Inc. 2011 Page 4 of 4 TRAVELERS DOC MGMT Page 168 of 391 CP 12181012 | 2 |
EMPLOYMENT PRACTICES LIABILITY TRAVELERS DOC MGMT Page 169 of 391 | 2 |
EMPLOYMENT PRACTICES LIABILITY TRAVELERS DOC MGMT Page 170 of 391 | 2 |
A TRAVELERSJ One Tower Square Hartford Connecticut 06183 EMPLOYMENT PRACTICES LIABILITY POLICY NO. 680 8M849912 19 42 WITH IDENTITY FRAUD EXPENSE ISSUE DATE04022020 REIMBURSEMENTCOVERAGE PART DECLARATIONS THIS FORM PROVIDES CLAIMS MADE COVERAGE WITH DEFENSE EXPENSES INCLUDED IN THE LIMIT OF LIABILITY FOR EMPLOYMENT PRACTICES LIABILITY COVERAGE INSURING COMPANY THE PHOENIX INSURANCE COMPANY POLICY PERIOD From 12282019 to 12282020 1201 A.M. Standard Time at your mailing address shown in the Common Policy Declarations. The Employment Practices Liability With Identity Fraud Expense Reimbursement Coverage Part consists of these Declarations and the Coverage Form shown below. ITEM 1. LIMIT OF INSURANCE AND RETENTION FOR EMPLOYMENT PRACTICES LIABILITY COVERAGE Limit of Insurance 100000 Defense Expenses are included within the Limit of Insurance Retention Amount applicable to each Employment Practices Liability Claim 2500 ITEM 2. LIMIT OF INSURANCE AND DEDUCTIBLE FOR IDENTITY FRAUD EXPENSE REIMBURSEMENT COVERAGE Limit of Insurance 2500 Deductible Amount applicable to Identity Fraud Expense Reimbursement 0 ITEM 3. EMPLOYMENT PRACTICES LIABILITY COVERAGE EXTENDED REPORTING PERIOD Subject to the terms and conditions of the Employment Practices Liability Coverage an optional Extended Re porting Period may be purchased for 12 months for 75 of the Premium for the Policy Period. ITEM 4. EMPLOYMENT PRACTICES LIABILITY CONTINUITY DATE Continuity Date 12282018 ITEM 5. PREMIUM INCLUDED ITEM 6. NUMBERS OF FORMS SCHEDULES AND ENDORSEMENTS FORMING THIS COVERAGE PART ARE ATTACHED AS A SEPARATE LISTING. Page 1of 1 PR T00702 15 2015 The Travelers Indemnity Company. Al rights reserved. TRAVELERS DOC MGMT Page 171 of 391 | 2 |
N TRAVELERS J One Tower Square Hartford Connecticut 06183 COMMON POLICY DECLARATIONS POLICY NO. 680 8M849912 18 42 STORE PAC PLUS ISSUE DATE 11132018 BUSINESS FURNITURE INSURING COMPANY THE PHOENIX INSURANCE COMPANY 1. NAMED INSURED AND MAILING ADDRESS CLAY PLATTE VENTURE GROUP 640 E 71ST TER KANSAS CITY MO 64131 POLICY PERIOD From 12282018 to 12282019 1201 A.M. Standard Time at your mailing address. DESCRIPTION OF PREMISES PREM. LOC. BLDG. ADDRESS NO. NO. OCCUPANCY same as Mailing Address unless specified otherwise 001 001 FURNITURE 4101 N MULBERRY DR PREM. LOC. BLDG. ADDRESS NO. NO. OCCUPANCY same as Mailing Address unless specified otherwise 001 001 FURNITURE 4101 N MULBERRY DR KANSAS CITY MO 64116 002 001 FURNITURE 4205 NW RIVERSIDE ST RIVERSIDE MO 64150 COVERAGE PARTS AND SUPPLEMENTS FORMING PART OF THIS POLICY AND INSURING COMPANIES COVERAGE PARTS and SUPPLEMENTS INSURING COMPANY Businessowners Coverage Part PHX OCCUPANCY FURNITURE nan nan nan nan 2.0 nan nan nan nan 1.0 FURNITURE 5. The COMPLETE POLICY consists of this declarations and all other declarations and the forms and endorse ments for which symbol numbers are attached on a separate listing. 6. SUPPLEMENTAL POLICIES Each of the following is a separate policy containing its complete provisions. POLICY POLICY NUMBER INSURING COMPANY DIRECT BILL 7. PREMIUM SUMMARY Provisional Premium Due at Inception Due at Each NAME AND ADDRESS OF AGENT OR BROKER TRUSS LLC SV544 9200 WARD PKWY STE 500 KANSAS CITY MO 64114 ILT0 190205 Page 1of 01 Office ELMIRA NY SRV CTR DOWN SUBJECT TO AUDIT 27483.00 COUNTERSI COUNTERSIGNED BY Authorized Representative DATE 11132018 TRAVELERS DOC MGMT Page 172 of 391 | 2 |
PN TRAVELERS Report Claims Immediately by Calling 1 800 238 6225 Speak directly with a claim professional 24 hours a day 365 days a year Unless Your Policy Requires Written Notice or Reporting STORE PAC FURNITURE A Custom Insurance Policy Prepared for CLAY PLATTE VENTURE GROUP 640 E 71ST TER KANSAS CITY MO 64131 Presented by TRUSS LLC TRAVELERS DOC MGMT Page 173 of 391 | 2 |
COMMON POLICY CONDITIONS A. CANCELLATION 1. The first Named Insured shown in the Decla rations may cancel this policy by mailing or delivering to us advance written notice of cancellation. 2. We may cancel this policy or any Coverage Part by mailing or delivering to the first Named Insured written notice of cancellation at least a. 10 days before the effective date of can cellation if we cancel for nonpayment of premium or b. 30 days before the effective date of can cellation if we cancel for any other rea son. 3. We will mail or deliver our notice to the first Named Insured s last mailing address known tous. 4. Notice of cancellation will state the effective date of cancellation. If the policy is cancelled that date will become the end of the policy period. If a Coverage Part is cancelled that date will become the end of the policy period as respects that Coverage Part only. 5. If this policy or any Coverage Part is can celled we will send the first Named Insured any premium refund due. If we cancel the re fund will be pro rata. If the first Named In sured cancels the refund may be less than pro rata. The cancellation will be effective even if we have not made or offered a re fund. 6. If notice is mailed proof of mailing will be sufficient proof of notice.. CHANGES This policy contains all the agreements between you and us concerning the insurance afforded. The first Named Insured shown in the Declara tions is authorized to make changes in the terms of this policy with our consent. This policy s terms can be amended or waived only by endorsement issued by us as part of this policy. C. D. E. All Coverage Parts included in this policy are subject to the following conditions EXAMINATION OF YOUR BOOKS AND RECORDS We may examine and audit your books and re cords as they relate to this policy at any time dur ing the policy period and up to three years after ward. INSPECTIONS AND SURVEYS 1. We have the right to a. Make inspections and surveys at any time b. Give you reports on the conditions we find and c. Recommend changes. 2. We are not obligated to make any inspec tions surveys reports or recommendations and any such actions we do undertake relate only to insurability and the premiums to be charged. We do not make safety inspections. We do not undertake to perform the duty of any person or organization to provide for the health or safety of workers or the public. And we do not warrant that conditions a. Are safe or healthful or b. Comply with laws regulations codes or standards. 3. Paragraphs 1. and 2. of this condition apply not only to us but also to any rating advi sory rate service or similar organization which makes insurance inspections surveys reports or recommendations. 4. Paragraph 2. of this condition does not apply to any inspections surveys reports or rec ommendations we may make relative to certi fication under state or municipal statutes or dinances or regulations of boilers pressure vessels or elevators. PREMIUMS 1. The first Named Insured shown in the Decla rations a. s responsible for the payment of all pre miums and b. Will be the payee for any return premi ums we pay. IL T3 15 09 07 Rev. 03 11 Includes the copyrighted material of Insurance Services Office Inc. with its permission. Page 1 of 2 TRAVELERS DOC MGMT Page 174 of 391 | 2 |
2. We compute all premiums for this policy in accordance with our rules rates rating plans premiums and minimum premiums. The pre mium shown in the Declarations was com puted based on rates and rules in effect at the time the policy was issued. On each re newal continuation or anniversary of the ef fective date of this policy we will compute the premium in accordance with our rates and rules then in effect. F. TRANSFER OF YOUR RIGHTS AND DUTIES UNDER THIS POLICY Your rights and duties under this policy may not be transferred without our written consent except in the case of death of an individual named in sured. If you die your rights and duties will be trans ferred to your legal representative but only while acting within the scope of duties as your legal representative. Until your legal representative is appointed anyone having proper temporary cus tody of your property will have your rights and duties but only with respect to that property. G. BUSINESSOWNERS COVERAGE PART REFERENCES TO FORMS AND ENDORSE MENTS In some instances the Common Policy Declara tions may list endorsements included in the Busi nessowners Coverage Part that reference 1. The Commercial Property Coverage Part 2. The Commercial General Liability or Liquor Liability Coverage Part or 3. Standard Property forms including but not limited to the following a. Building and Personal Property Coverage Form b. Business Income Coverage Form Commercial Property Conditions Condominium Association Coverage Form e. Condominium Commercial Unit Owners Coverage Form f. Causes of Loss Basic Form g. Causes of Loss Special Form and h. Causes of Loss Earthquake Form. Endorsements referencing the Commercial Property Coverage Part or the Standard Property Forms referenced above apply to the Businessowners Property Coverage Spe cial Form in the same manner as they apply to the forms they reference. Endorsements referencing the Commercial General Liability Coverage Part apply to the Commercial General Liability Coverage Form included in the Businessowners Coverage Part in the same manner as they apply to the form they reference. H. INSURANCE UNDER TWO OR MORE COVER AGE PARTS If two or more of this policy s Coverage Parts ap ply to the same loss or damage we will not pay more than the actual amount of the loss or dam age. This policy consists of the Common Policy Declarations and the Coverage Parts and endorsements listed in that declarations form. In return for payment of the premium we agree with the Named Insured to provide the insurance afforded by a Coverage Part forming part of this policy. That insurance will be provided by the company indicated as insuring company in the Common Policy Declarations by the abbreviation of its name opposite that Coverage Part. One of the companies listed below each a stock company has executed this policy and this policy is counter signed by the officers listed below The Travelers Indemnity Company IND The Phoenix Insurance Company PHX The Charter Oak Fire Insurance Company COF Travelers Property Casualty Company of America TIL The Travelers Indemnity Company of Connecticut TCT The Travelers Indemnity Company of America TIA Travelers Casualty Insurance Company of America ACJ President a 0 j Page 2 of 2 Includes the copyrighted material of Insurance Services Office Inc. with its permission IL T3 1509 07 Rev.03 11 TRAVELERS DOC MGMT Page 175 of 391 | 2 |
A TRAVELERSJ One Tower Square Hartford Connecticut 06183 BUSINESSOWNERS COVERAGE PART DECLARATIONS STORE PAC PLUS POLICY NO. 680 8M849912 18 42 ISSUE DATE 11132018 INSURING COMPANY THE PHOENIX INSURANCE COMPANY POLICY PERIOD From 12 28 18 to 12 28 19 1201 A.M. Standard Time at your mailing address FORM OF BUSINESS LIMITED LIAB CORP COVERAGES AND LIMITS OF INSURANCE Insurance applies only to an item for which a limit or the word included is shown. COMMERCIAL GENERAL LIABILITY COVERAGE OCCURRENCE FORM LIMITS OF INSURANCE General Aggregate except Products Completed Operations Limit 2000000 Products completed Operations Aggregate Limit 2000000 Personal and Advertising Injury Limit 1000000 Each Occurrence Limit 1000000 Damage to Premises Rented to You 300000 Medical Payments Limit any one person 5000 BUSINESSOWNERS PROPERTY COVERAGE DEDUCTIBLE AMOUNT Businessowners Property Coverage 1000 per occurrence. Building Glass 1000 per occurrence. BUSINESS INCOME EXTRA EXPENSE LIMIT Actual loss 5500000 Period of Restoration Time Period Immediately ADDITIONAL COVERAGE ADDITIONAL COVERAGE Fine Arts 25000 subject to a maximum limit of 25000 Other additional coverages apply and may be changed by an endorsement. Please read the policy. SPECIAL PROVISIONS COMMERCIAL GENERAL LIABILITY COVERAGE IS SUBJECT TO A GENERAL AGGREGATE LIMIT MP T0 010205 Page 10f2 TRAVELERS DOC MGMT Page 176 of 391 | 2 |
BUSINESSOWNERS PROPERTY COVERAGE PREMISES LOCATION NO. 001 BUILDING NO. 001 LIMIT OF COVERAGE INSURANCE VALUATIO BUILDING 6000000 RC Replacement Cost INFLATION VALUATION COINSURANCE GUARD RC 0.0 COVERAGE BUILDING Replacement Cost BUSINESS PERSONAL PROPERTY Replacement Cost COVERAGE EXTENSIONS Accounts Receivable Valuable Papers PREMISES LOCATION NO. 002 wn LIMIT OF INSURANCE 6000000 1000000 25000 25000 BUILDING RC.0 COVERAGE EXTENSIONS Accounts Receivable 25000 Valuable Papers 25000 PREMISES LOCATION NO. 002 BUILDING NO. 001 LIMIT OF COVERAGE INSURANCE BUSINESS PERSONAL PROPERTY 1000000 Replacement Cost COVERAGE EXTENSIONS Accounts Receivable 25000 Valuable Papers 25000 VALUATION RC INFLATIO COINSURANCE GUARD Other coverage extensions apply and may be changed by an endorsement. the policy. 0.0 Please read INFLATION VALUATION COINSURANCE GUARD RC 0.0 MP T0 010205 Page 2 of 2 TRAVELERS DOC MGMT Page 177 of 391 | 2 |
POLICY NUMBER 680 8M849912 18 42 EFFECTIVE DATE 12282018 ISSUE DATE 11132018 LISTING OF FORMS ENDORSEMENTS AND SCHEDULE NUMBERS THIS LISTING SHOWS THE NUMBER OF FORMS SCHEDULES AND ENDORSEMENTS BY LINE OF BUSINESS IL MP IL IL BUSINESSOWNERS MP MP MP MP MP MP MP MP MP MP TO TO T8 T3 T1 T1 T3 T3 T3 T3 T3 T3 T3 T5 COMMERCIAL cG cG cG cG cG cG cG cG cG cG cG cG cG cG cG cG TO TO TO 00 D2 D3 D4 DO D1 D2 D4 D2 D2 D3 D3 D4 19 01 01 15 30 02 63 07 25 41 49 50 56 37 02 02 01 09 02 02 03 03 01 02 10 11 02 11 05 05 01 07 05 05 15 97 15 05 06 06 o8 13 COMMON POLICY DECLARATIONS BUSINESSOWNERS COVERAGE PART DECLARATIONS FORMS ENDORSEMENTS AND SCHEDULE NUMBERS COMMON POLICY CONDITIONS TABLE OF CONTENTS BUSINESSOWNERS COVERAGE PART DELUXE PLAN BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM POWER PAC PREMIER ENDORSEMENT PROTECTIVE SAFEGUARDS ENDORSEMENT FOR SPRINKLERED LOCATIONS AND RESTAURANTS FEDERAL TERRORISM RISK INSURANCE ACT DISCLOSURE THEFT OF MONEY AND SECURITIES LIMITATION BUSINESS INCOME AND EXTRA EXPENSE POLICY LEVEL DOLLAR LIMIT ENDORSEMENT EQUIPMENT BREAKDOWN SERVICE INTERRUPTION LIMITATION AMENDATORY PROVISIONS GREEN BUILDING AND BUSINESS PERSONAL PROP COV ENHANCEMENTS MISSOURI CHANGES GENERAL LIABILITY 07 o8 34 01 55 09 71 37 86 03 13 56 88 26 56 21 04 07 11 10 11 11 01 04 11 12 04 11 11 10 05 07 09 86 03 01 03 03 15 05 03 97 o8 03 03 11 14 o8 DECLARATIONS PREMIUM SCHEDULE KEY TO DECLARATIONS PREMIUM SCHEDULE TABLE OF CONTENTS COMMERCIAL GENERAL LIABILITY COVERAGE FORM CG 00 01 10 01 COMMERCIAL GENERAL LIABILITY COVERAGE FORM AMENDMENT OF COVERAGE POLLUTION AMENDATORY ENDR PRODUCTS COMPLETED OPERATIONS HAZARD AMENDMENT OF COVERAGE B PERSONAL AND ADVERTISING INJURY LIABILITY OTHER INSURANCE ADDITIONAL INSUREDS XTEND ENDORSEMENT AMEND NON CUMULATION OF EACH OCC AMEND COVG POLLUTION EQUIP EXCEPTION AMENDMENT OF COVERAGE PROPERTY DAMAGE EMPLOYMENT RELATED PRACTICES EXCLUSION EXCLUSION UNSOLICITED COMMUNICATION MOBILE EQUIPMENT REDEFINED EXCLUSION OF VEHICLES SUBJECT TO MOTOR VEHICLE LAWS AMEND CONTRAL LIAB EXCL EXC TO NAMED INS COMMON POLICY DECLARATIONS BUSINESSOWNERS COVERAGE PART DECLARATIONS FORMS ENDORSEMENTS AND SCHEDULE NUMBERS COMMON POLICY CONDITIONS PAGE 1 OF 3 TRAVELERS DOC MGMT Page 178 of 391 ILT8010101 | 2 |
POLICY NUMBER 680 8M849912 18 42 EFFECTIVE DATE 12282018 ISSUE DATE 11132018 COMMERCIAL GENERAL LIABILITY CONTINUED CG D6 18 10 11 EXCLUSION VIOLATION OF CONSUMER FINANCIAL PROTECTION LAWS CG D7 46 01 15 EXCLUSION ACCESS OR DISCLOSURE OF CONFIDENTIAL OR PERSONAL INFORMATION CG D1 42 01 99 EXCLUSION DISCRIMINATION CG D2 42 01 02 EXCLUSION WAR CG T4 78 02 90 EXCLUSION ASBESTOS CG 26 50 12 98 MISSOURI CHANGES MEDICAL PAYMENTS CG F2 50 09 08 MISSOURI CHANGES DEFINITION OF POLLUTANTS CYBERFIRST ESSENTIALS LIABILITY ENDORSEMENTS PR TO 22 02 12 CYBERFIRST ESSENTIALS COVERAGE PART DECLARATIONS PR T1 13 02 12 CYBERFIRST ESSENTIALS GENERAL PROVISIONS FORM PR T1 14 02 12 CYBERFIRST ESSENTIALS INFORMATION SECURITY LIABILITY COVERAGE FORM PR T5 21 03 15 COVG FOR FINANCIAL INTEREST IN FOREIGN INSURED ORGANIZATIONS CYBERFIRST ESSENTIALS PR T4 97 03 15 BREACH ESSENTIALS ENDORSEMENT PR T5 14 01 15 AMEND OF AI AND PI DEFINITIONS INFORMATION SECURITY LIABILITY PR F3 63 02 12 MISSOURI MANDATORY ENDORSEMENT EMPLOYMENT PRACTICES LIABILITY PR TO 07 02 15 EMPLOYMENT PRACTICES LIAB COVG PART DEC PR T1 10 04 09 EMPLOYMENT PRACTICES LIABILITY COVERAGE FORM PR T5 23 03 15 COVG FOR FINANCIAL INTEREST IN FOREIGN ORGANIZATIONS EMPLOYMENT PRACTICES LIABILITY PR F1 39 04 09 MISSOURI MANDATORY ENDORSEMENT MULTIPLE SUBLINE ENDORSEMENTS CG T3 33 11 03 LIMITATION WHEN TWO OR MORE POLICIES APPLY CG 26 25 04 INTERLINE ENDORSEMENTS IL IL IL IL IL IL IL IL T3 T4 T4 T3 00 01 02 FO 68 12 14 82 21 05 74 61 01 03 01 05 09 10 02 09 05 15 15 15 13 08 08 13 07 MISSOURI CHANGES GUARANTY ASSOCIATION FEDERAL TERRORISM RISK INSURANCE ACT DISCLOSURE AMNDT COMMON POLICY COND PROHIBITED COVG CAP ON LOSSES FROM CERTIFIED ACTS OF TERRORISM EXCLUSION OF LOSS DUE TO VIRUS OR BACTERIA NUCLEAR ENERGY LIABILITY EXCLUSION ENDORSEMENT BROAD FORM MISSOURI CHANGES POLLUTION MISSOURI CHANGES CANCELLATION AND NONRENEWAL MISSOURI CHANGES DEFINITION OF POLLUTANTS PAGE 2 OF 3 TRAVELERS DOC MGMT Page 179 of 391 IL T8 010101 | 2 |
POLICY NUMBER 680 8M849912 18 42 EFFECTIVE DATE 12282018 ISSUE DATE 11132018 POLICY HOLDER NOTICES PN T4 54 01 08 IMPORTANT NOTICE REGARDING INDEPENDENT AGENT AND BROKER COMPENSATION PN T5 86 04 09 EPL RISK MANAGEMENT LETTER PN MP 57 04 17 IMP NOT PROT SAFEGUARDS SPRK AND REST PN T7 72 07 11 IMPORTANT NOTICE EMPLOYMENT PRACTICES LIABILITY HOTLINE PN MP 38 01 11 IMPORTANT NOTICE JURISDICTIONAL INSPECTIONS PN T2 04 05 10 IMPORTANT NOTICE CONTACT INFO MISSOURI PAGE 3 OF 3 TRAVELERS DOC MGMT Page 180 of 391 ILT8010101 | 2 |
BUSINESSOWNERS TRAVELERS DOC MGMT Page 181 of 391 | 2 |
BUSINESSOWNERS TRAVELERS DOC MGMT Page 182 of 391 | 2 |
TABLE OF CONTENTS BUSINESSOWNERS COVERAGE PART DELUXE PLAN The following indicates the contents of the principal forms which may be attached to your policy. It contains no reference to the Declarations or Endorsements which also may be attached. BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM MP T1 02 Beginning on Page COVERAGE.. Covered Property..... Property Not Covered Business Income and Extra Expense.. Covered Causes of Loss Limitations...... Additional Coverages... Coverage Extensions... EXCLUSIONS... covin LIMITS OF INSURANCE Inflation Guard.... Business Personal Propeny Limif Seasonal Increase.. DEDUCTIBLES... PROPERTY LOSS CONDITIONS...... cccccn Abandonment.. Appraisal... Duties in the Event of Loss or Damage Loss Payment Building and Personal ty Loss Payment Business Income and Extra Expense Recovered Propert Noncumulative Limit.. COMMERCIAL PROPERTY CONDITION Concealment Misrepresentation or Fraud Control of Property... Insurance Under Two or More Coverages Legal Action Against Us Liberalization...... No Benefit to Bailee... Other Insurance.. Policy Period Coverage Territol Transfer of Rights of Recovery Against Others to Us.. Coinsurance Mortgageholders PROPERTY DEFINITIONS..... MP T1 30 02 05 Page 1 of 1 TRAVELERS DOC MGMT Page 183 of 391 T BUSINES AGE PART BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM MP T1 02 Beginning on Page | 2 |
BUSINESSOWNERS BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights duties and what is and is not covered. Throughout this policy the words you and your refer to the Named Insured shown in the Declarations. The words we us and our refer to the Company providing this insurance. Other words and phrases that appear in quotation marks have special meaning. Refer to Paragraph G PROP ERTY DEFINITIONS. A. COVERAGE We will pay for direct physical loss of or damage to Covered Property at the premises described in the Declarations caused by or resulting from a Covered Cause of Loss. Covered Property Covered Property as used in this Coverage Form means the type of property described in this Paragraph A.1. and limited in Para graph A.2. Property Not Covered if a Limit of Insurance is shown in the Declarations for that type of property. 1. Building meaning the building or struc ture described in the Declarations includ ing 1 Completed additions 2 Fences 3 Fixtures including outdoor fixtures 4 Retaining walls whether or not at tached 5 Permanently attached a Machinery and b Equipment 6 Outdoor swimming pools 7 Personal property owned by you that is used to maintain or service the building or structure or its premises including a Fire extinguishing equipment b Outdoor furniture c Floor coverings d Lobby and hallway furnishings e Appliances used for refrigerating ventilating cooking dishwashing or laundering f Lawn maintenance and snow re moval equipment and g Alarm systems and 8 If not covered by other insurance a Additions under construction al terations and repairs to the build ing or structure and Materials equipment supplies and temporary structures on or within 1000 feet of the described premises used for making addi tions alterations or repairs to the building or structure. b. Business Personal Property located in or on the buildings described in the Dec larations or in the open or in a vehicle within 1000 feet of the described prem ises including 1 Property owned by you and used in your business 2 Property of others thatis in your care custody or control 3 Your use interest as tenant in im provements and betterments. Im provements and betterments are fix tures alterations installations or ad ditions a Made a part of the building or structure you rent lease or oc cupy but do not own and b You acquired or made at your expense but are not permitted to remove and 4 Money and Securities. Property Not Covered Unless the following is added by endorse ment to this Coverage Form Covered Prop erty does not include b MP T102 02 05 Copyright The Travelers Indemnity Company 2004 Page 1 of 39 TRAVELERS DOC MGMT Page 184 of 391 | 2 |
BUSINESSOWNERS Aircraft Automobiles held for sale Vehicles or self propelled machines that are 1 Licensed for use on public roads or 2 Operated principally away from the described premises This paragraph does not apply to 1 Vehicles or self propelled machines or autos you manufacture process or warehouse 2 Vehicles or self propelled machines other than autos you hold for sale or 3 Trailers or semi trailers except as provided in the Non Owned Detached Trailers Coverage Extension. Dams or dikes Contraband or property in the course of illegal transportation or trade The cost of excavating grading backfill ing or filling except those costs made necessary due to repair of buildings in sured under this Coverage Form from a Covered Cause of Loss reclaiming or restoring land or water Water or land whether in its natural state or otherwise including land on which the property is located land improvements growing crops or standing timber Outdoor trees shrubs plants and lawns other than stock except as provided in the Outdoor Trees Shrubs Plants and Lawns Coverage Extension. The following property while outside of the buildings 1 Bridges walks roadways patios or other paved surfaces or 2 Outdoor radio or television antennas including satellite dishes and includ ing their lead in wiring masts or tow ers except as provided in the Outdoor Prop erty Coverage Extension Watercraft including motors equipment and accessories while afloat Accounts and bills except as provided in the Accounts Receivable Coverage Ex tension. Valuable Papers and Records except as provided in the Valuable Papers and Records Coverage Extension m. Property that is covered under another Coverage Form of this or any other policy in which it is more specifically described except for the excess of the amount due whether you can collect on it or not from that other insurance n. Fine Arts except as provided in the Fine Arts Additional Coverage o. Bullion gold silver platinum and other precious alloys or metals except if they are used in your operations theft limita tion applies p. Electronic Data Processing Equipment not including stock except as provided in the Electronic Data Processing Cover age Extension q. Electronic Data Processing Data and Media not including stock except as provided in the Electronic Data Process ing Coverage Extension or in the Ac counts Receivable Coverage Extension or r. Outdoor signs except as provided in the Signs Coverage Extension. Business Income and Extra Expense Business Income and Extra Expense is pro vided at the premises described in the Decla rations when the Declarations show that you have coverage for Business Income and Ex tra Expense. a. Business Income 1 Business Income means a Net Income Net Profit or Loss before income taxes that would have been earned or incurred in cluding i Rental Value and ii Maintenance Fees if you are a condominium associa tion and b Continuing normal operating ex penses incurred including pay roll. 2 We will pay for the actual loss of Business Income you sustain due to the necessary suspension of your operations during the period of res toration. The suspension must be Page 2 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 185 of 391 | 2 |
BUSINESSOWNERS 3 caused by direct physical loss of or damage to property at the described premises. The loss or damage must be caused by or result from a Cov ered Cause of Loss. With respect to loss of or damage to personal prop erty in the open or personal property in a vehicle the described premises include the area within 1000 feet of the site at which the described prem ises are located. With respect to the requirements set forth in Paragraph 2 above if you rent lease or occupy only part of the site at which the described premises are located the described premises means a The portion of the building which you rent lease or occupy and b Any area within the building or on the site at which the described premises are located if that area services or is used to gain ac cess to the described premises. b. Extra Expense 1 Extra Expense means reasonable 2 3 and necessary expenses you incur during the period of restoration that you would not have incurred if there had been no direct physical loss of or damage to property caused by or re sulting from a Covered Cause of Loss. We will pay Extra Expense other than the expense to repair or replace property to a Avoid or minimize the suspen sion of business and to continue operations at the described premises or at replacement premises or temporary locations including relocation expenses and costs to equip and operate the replacement premises or temporary locations or Minimize the suspension of business if you can not continue operations. We will also pay Extra Expense in cluding Expediting Expenses to re pair or replace the property but only b to the extent it reduces the amount of loss that otherwise would have been payable under Paragraph a. Business Income above. c. Extended Business Income If the necessary suspension of your operations produces a Business Income loss payable under Paragraph a. Busi ness Income above we will also pay for the actual loss of Business Income you sustain during the period that 1 Begins on the date property is actu ally repaired rebuilt or replaced and operations are resumed and 2 Ends on the earlier of a The date you could restore your operations with reasonable speed to the level which would generate the Business Income amount that would have existed if no direct physical loss or damage occurred or Sixty consecutive days after the date determined in Paragraph 1 above. However this extended Business Income does not apply to loss of Business In come incurred as a result of unfavorable business conditions caused by the impact of the Covered Cause of Loss in the area where the described premises are lo cated. d. If the Declarations show for Business In come and Extra Expense 1 Actual loss for 12 consecutive months then we will pay for loss of Business Income and Extra Expense that occurs within 12 consecutive months following the date of direct physical loss or damage or Actual loss up to 12 consecutive months subject to a maximum dollar limit then we will pay for loss of Busi ness Income and Extra Expense that occurs within 12 consecutive months following the date of direct physical loss or damage subject to the limit shown in any one occurrence. b 2 4. Covered Causes of Loss RISKS OF DIRECT PHYSICAL LOSS unless the loss is MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 3 of 39 TRAVELERS DOC MGMT Page 186 of 391 | 2 |
BUSINESSOWNERS a. Limited in Paragraph A.5. Limitations or b. Excluded in Paragraph B. Exclusions. 5. Limitations a. We will not pay for loss of or damage to 1 The interior of any building or struc ture or to personal property in the building or structure caused by rain snow sleet ice sand or dust whether driven by wind or not unless a The building or structure first sus tains damage by a Covered Cause of Loss to its roof or walls through which the rain snow sleet ice sand or dust enters or The loss or damage is caused by or results from thawing of snow sleet or ice on the building or structure. 2 Steam boilers steam pipes steam engines or steam turbines caused by or resulting from any condition or event inside such equipment. But we will pay for loss of or damage to such equipment caused by or resulting from an explosion of gases or fuel within the furnace of any fired vessel or within the flues or passages through which the gases of combus tion pass. Hot water boilers or other water heat ing equipment caused by or resulting from any condition or event inside such boilers or equipment other than explosion. b. We will not pay for loss of or damage to the following types of property unless caused by any of the specified causes of loss or building glass breakage 1 Live animals birds or fish and then only if they are killed or their destruc tion is made necessary. 2 Fragile articles such as glassware statuary marbles chinaware and porcelains if broken. This limitation does not apply to a Glass that is part of the exterior or interior of a building or struc ture b 3 b Containers of property held for sale or c Photographic or scientific instru ment lenses. c. For loss or damage by theft the most we will pay in any one occurrence for the following types of property is 1 2500 for all furs fur garments and garments trimmed with fur. 5000 for all jewelry watches watch movements jewels pearls precious and semi precious stones bullion gold silver platinum and other pre cious alloys or metals. This limit does not apply to jewelry and watches worth 500 or less per item. 3 2500 for all patterns dies molds and forms. d. We will not pay for any loss or damage caused by any of the following even if they are Covered Causes of Loss if the building where loss or damage occurs has been vacant for more than 60 con secutive days before that loss or damage oceurs 1 Vandalism 2 Sprinkler Leakage unless you have protected the system against freez ing 3 Building glass breakage 4 Discharge or leakage of water 5 Theft or 6 Attempted theft. With respect to Covered Causes of Loss other than those listed in Paragraphs 1 through 6 above we will reduce the amount we would otherwise pay for the loss or damage by 15. e. Coverage for Business Income and Extra Expense does not apply to any loss or in crease in loss caused by direct physical loss of or damage to Electronic Data Processing Data and Media except as provided in the Interruption of Computer Operations Coverage Extension. 6. Additional Coverages Unless otherwise stated payments made un der the following Additional Coverages are in addition to the applicable Limits of Insurance. 2 Page 4 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 187 of 391 | 2 |
BUSINESSOWNERS a. Arson and Theft Reward 1 We will pay for reasonable expenses you incur for rewards that lead to a Anarson conviction in connection with a covered fire or explosion loss or b A theft conviction in connection with a covered theft loss. 2 The most we will pay under this Addi tional Coverage in connection with a particular loss is 5000. b. Claim Data Expense 1 We will pay the reasonable expenses you incur in preparing claim data when we require such data to show the extent of loss. This includes the cost of taking inventories making ap praisals preparing income state ments and preparing other documen tation. Under this Additional Coverage we will not pay for a Any expenses incurred directed or billed by or payable to attor neys insurance adjusters or their associates or subsidiaries b Any costs in connection with Paragraph E.2. Appraisal or Any expenses incurred directed or billed by or payable to insur ance brokers or agents or their associates or subsidiaries with out our written consent prior to such expenses being incurred. The most we will pay for preparation of claim data under this Additional Coverage in any one occurrence is 5000 regardless of the number of premises involved. c. Debris Removal 1 We will pay your expense to remove debris of Covered Property other than outdoor trees shrubs plants and lawns as described in the Out door Trees Shrubs Plants and Lawns Coverage Extension caused by or resulting from a Covered Cause of Loss that occurs during the policy period. The expenses will be paid only if they are reported to us in writ 2 c 3 2 3 4 ing within 180 days of the date of di rect physical loss or damage. Debris Removal does not apply to costs to a Extract pollutants from land or water or b Remove restore or replace pol luted land or water. Except as provided in Paragraph 4 below payment for Debris Removal is included within the applicable Limit of Insurance shown in the Declara tions. The most we will pay under this Additional Coverage is 25 of a The amount we pay for the direct physical loss or damage to Cov ered Property plus b The deductible in this Coverage Form applicable to that loss or damage. When the debris removal expense exceeds the 25 limitation in Para graph 3 above or when the sum of the debris removal expense and the amount we pay for the direct physical loss of or damage to Covered Prop erty exceeds the applicable Limit of Insurance we will pay up to an addi tional 25000 for debris removal ex pense in any one occurrence at each described premises. d. Employee Dishonesty 1 We will pay for loss of or damage to 2 3 Covered Property resulting directly from employee dishonesty. We will pay for loss or damage you sustain through acts committed or events occurring during the Policy Period. Regardless of the number of years this insurance remains in force or the number of premiums paid no Limit of Insurance cumulates year to year or period to period. Paragraphs B.2.h. and B.2.0. do not apply to this Additional Coverage. We will not pay for loss resulting from the dishonest acts of any employee if coverage for that employee was either cancelled or excluded from any previous insurance policy of yours MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 5 of 39 TRAVELERS DOC MGMT Page 188 of 391 | 2 |
BUSINESSOWNERS a This Additional Coverage as of its effective date or b The prior Employee Dishonesty insurance had it remained in ef fect. e. Expediting Expenses 1 In the event of direct physical loss of 2 3 or damage to Covered Property caused by or resulting from a Cov ered Cause of Loss we will pay for the reasonable and necessary addi tional expenses you incur to make temporary repairs expedite perma nent repairs or expedite permanent replacement at the premises sustain ing loss or damage. Expediting ex penses include overtime wages and the extra cost of express or other rapid means of transportation. Expe diting expenses do not include ex penses you incur for the temporary rental of property or temporary re placement of damaged property. With respect to this Additional Cover age breakdown to covered equip ment will not be considered a Cov ered Cause of Loss even if otherwise covered elsewhere in this Coverage Form. The most we will pay under this Addi tional Coverage in any one occur rence is 25000 regardless of the number of premises involved. f. Fine Arts 1 When a Limit of Insurance is shown 2 in the Declarations for Business Per sonal Property at any described premises we will pay for direct physi cal loss of or damage to fine arts which are owned by a Youor b Others and in your care custody or control caused by or resulting from a Cov ered Cause of Loss including while on exhibit anywhere within the Cov erage Territory. The breakage limitation under Para graph A.5.b.2 does not apply to this Additional Coverage. providing employee dishonesty coverage. This Additional Coverage is cancelled as to any employee immediately upon discovery by a Youor b Any of your partners members managers officers directors or trustees not in collusion with the employee of any fraudulent dishonest act com mitted by that employee before or after being employed by you. We will pay for covered loss or dam age only if discovered no later than one year from the end of the Policy Period. The most we will pay for loss or dam age under this Additional Coverage in any one occurrence is 25000. With respect to this Additional Cover age occurrence means all loss or damage caused by or involving the same employees whether the re sult of a single act or series of acts. If during the period of any prior Em ployee Dishonesty insurance you or any predecessor in interest sus tained loss or damage that you could have recovered under that insurance except that the time within which to discover loss or damage has expired we will pay for it under this Additional Coverage subject to the following a This insurance became effective at the time of cancellation or ter mination of the prior insurance and The loss or damage would have been covered by this insurance had it been in effect when the acts or events causing the loss or damage were committed or oc curred. The insurance provided under Para graph 8 above is part of not in addi tion to the Limit of Insurance de scribed in Paragraph 6 above and is limited to the lesser of the amount re coverable under 4 5 6 8 b 9 Page 6 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 189 of 391 | 2 |
BUSINESSOWNERS liability for fire department service charges 1 Assumed by contract or agreement prior to loss or 2 Required by local ordinance. h. Fire Protective Equipment Discharge 1 If fire protective equipment dis charges accidentally or to control a Covered Cause of Loss we will pay your cost to a Refill or recharge the system with the extinguishing agents that were discharged and b Replace or repair faulty valves or controls which caused the dis charge. The most we will pay under this Addi tional Coverage in any one occur rence is 10000 regardless of the number of premises involved. i. Forgery or Alteration 1 We will pay for loss resulting directly from forgery or alteration of checks drafts promissory notes or similar written promises orders or directions to pay a sum certain in money that are made or drawn by or drawn upon you or made or drawn by one acting as an agent or purported to have been so made or drawn. 2 We will consider signatures that are produced or reproduced electroni cally mechanically or by facsimile the same as handwritten signatures. We will pay for loss that you sustain through acts committed or events oc curring during the Policy Period. Re gardless of the number of years this insurance remains in force or the number of premiums paid no Limit of Insurance cumulates from year to year or period to period. We will not pay for loss resulting from any dishonest or criminal acts com mitted by you or any of your partners employees members manag ers officers directors or trustees whether acting alone or in collusion with other persons. 2 3 The following exclusions apply to this Additional Coverage a We will not pay for loss or dam age caused by or resulting from wear and tear any quality in the property that causes it to damage or destroy itself gradual deterio ration insects birds rodents or other animals We will not pay for loss or dam age caused by or resulting from dampness or dryness of atmos phere or changes in or extremes of temperature We will not pay for loss or dam age caused by or resulting from any repairing restoration or re touching process We will not pay for loss or dam age caused by or resulting from faulty packing e Paragraph B.1.b. Earth Move ment f Paragraph B.1.c. Governmental Action g Paragraph B.1.d. Nuclear Haz ard h Paragraph B.1.f. War and Military Action i Paragraph B.1.g. Water j Paragraph B.1.h. Neglect and k Paragraph B.2.g. No other exclusions in Paragraph B. Exclusions apply to this Additional Coverage. However if any exclusions are added by endorsement to this Coverage Form such exclusions will apply to this Additional Coverage. 4 The most we pay for loss or damage under this Additional Coverage in any one occurrence is 25000 or the amount shown in the Declarations for fine arts whichever is greater. This limit applies regardless of the number of premises involved. Fire Department Service Charge When the fire department is called to save or protect Covered Property from a Covered Cause of Loss we will pay up to 25000 in any one occurrence for your b c e MP T102 02 05 Copyright The Travelers Indemnity Company 2004 Page 7 of 39 TRAVELERS DOC MGMT Page 190 of 391 | 2 |
BUSINESSOWNERS 3 We will pay for covered loss discov 4 5 G 7 ered no later than one year from the end of the Policy Period. The most we will pay for loss under this Additional Coverage in any one occurrence is 25000 regardless of the number of premises involved. With respect to this Additional Cover age occurrence means all loss caused by any person or in which that person is concerned or impli cated either resulting from a single act or any number of such acts whether the loss involves one or more instruments. If during the period of any prior For gery or Alteration insurance you or any predecessor in interest sus tained loss or damage that you could have recovered under that insurance except that the time within which to discover loss or damage has expired we will pay for it under this Additional Coverage provided a This insurance became effective at the time of cancellation or ter mination of the prior insurance and The loss would have been cov ered by this insurance had it been in effect when the acts or events causing the loss were committed or occurred. The insurance provided under Para graph 6 above is part of and not in addition to the limit described in Para graph 4 above and is limited to the lesser of the amount recoverable un der a This Additional Coverage up to the applicable Limit of Insurance under this Coverage Form as of its effective date or b The prior Forgery or Alteration in surance had it remained in ef fect. If you are sued for refusing to pay any covered instrument described in Paragraph 1 above on the basis that it has been forged or altered and you have our written consent to de b fend against the suit we will pay for any reasonable legal expenses that you incur and pay in that defense. The amount we will pay for these le gal expenses will be part of and not in addition to the limit described in Paragraph 4 above. j. Newly Acquired or Constructed Prop erty 1 Buildings a We will pay for direct physical loss of or damage to the following property caused by or resulting from a Covered Cause of Loss i Your a New buildings while be ing built on a premises shown in the Declara tions b New buildings while be ing built on newly ac quired premises and c Materials equipment supplies and temporary structures used in con nection with such build ings while they are being built or ii Buildings you acquire by pur chase or lease at any prem ises including those prem ises shown in the Declara tions. b The most we will pay for loss of or damage to newly constructed buildings or newly acquired build ings under this Additional Cover age in any one occurrence is 500000 at each premises. 2 Business Personal Property a When a Limit of Insurance is shown in the Declarations for Business Personal Property at any described premises we will pay for direct physical loss of or damage to the following property caused by or resulting from a Covered Cause of Loss i Business Personal Property including such property that you newly acquire at a build Page 8 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 191 of 391 | 2 |
BUSINESSOWNERS ing you acquire by purchase or lease at any premises in cluding those premises shown in the Declarations and ii Business Personal Property that you newly acquire at a described premises. b The most we will pay for loss of or damage to Business Personal Property under this Additional Coverage in any one occurrence is 250000 at each premises. 3 Period Of Coverage a With respect to insurance under this Additional Coverage cover age will end when any of the fol lowing first occurs i This policy expires ii 180 days expire after you ac quire the property or begin to construct the property iii You report values to us or iv The property is more specifi cally insured. We will charge you additional premium for values reported to us from the date construction begins or you acquire the property. k. Ordinance or Law 1 In the event of damage by a Covered Cause of Loss to a building that is Covered Property we will pay for a Loss in value of the undamaged portion of the building as a con sequence of enforcement of the minimum requirements of any or dinance or law that requires the demolition of undamaged parts of the same building Demolition cost meaning the cost to demolish and clear the site of undamaged parts of the same building as a consequence of enforcement of the minimum requirements of any ordinance or law that required demolition of such undamaged property and c The increased cost of construc tion meaning the increased cost to repair rebuild or construct the b b property as a consequence of en forcement of the minimum re quirements of any ordinance or law. This increased cost of con struction coverage applies only if i The building is insured for re placement cost ii The building is repaired re built or reconstructed and i The repaired rebuilt or re constructed building is in tended for similar occupancy as the current building unless otherwise required by zoning or land use ordinance or law. 2 The ordinance or law referred to in this Additional Coverage is an ordi nance or Law that a Regulates the demolition con struction or repair of buildings or establishes zoning or land use requirements at the described premises and b Is in force at the time of the loss. 3 We will not pay under this Additional Coverage for a Loss due to any ordinance or law that i You were required to comply with before the loss even if the building was undamaged and ii You failed to comply with or b Costs associated with the en forcement of any ordinance or law that requires any insured or others to test for monitor clean up remove contain treat detox ify or neutralize or in any way re spond to or assess the effects of pollutants. 4 Paragraph B.1.a. does not apply to this Additional Coverage. 5 Subject to the limit described in Paragraph 6 below a The insurance provided under this Additional Coverage for loss in value to the undamaged por tion of the building is limited as follows MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 9 of 39 TRAVELERS DOC MGMT Page 192 of 391 | 2 |
BUSINESSOWNERS i ii If Replacement Cost Cover age applies and the building is repaired or replaced on the same or another premises we will not pay more than the lesser of a The amount you actually spend to repair rebuild or reconstruct the un damaged portion of the building or b The amount it would cost to restore the undam aged portion of the build ing on the same prem ises and to the same height floor area style and comparable quality of the original undam aged portion of the build ing or If Replacement Cost Cover age applies and the building is not repaired or replaced or if Replacement Cost Cover age does not apply we will not pay more than the actual cash value of the undamaged portion of the building at the time of loss. b We will not pay more for demoli tion costs than the amount you actually spend to demolish and clear the site of the described premises. The insurance provided under this Additional Coverage for in creased cost of construction is limited as follows c i ii If the building is repaired or replaced at the same prem ises or if you elect to rebuild at another premises the most we will pay is the in creased cost of construction at the same premises or If the ordinance or law re quires relocation to another premises the most we will pay is the increased cost of construction at the new prem ises. 6 The most we will pay for loss under this Additional Coverage for the total of all coverages described in Para graph 1 above in any one occur rence is 25000 at each described premises. Outdoor Trees Shrubs Plants and Lawns 1 We will pay for direct physical loss of 2 3 or damage to outdoor trees shrubs plants other than stock of trees shrubs or plants and lawns located at the described premises caused by or resulting from a Covered Cause of Loss. The most we will pay for loss or dam age under this Additional Coverage in any one occurrence is 3000 at each described premises. Debris removal because of covered loss or damage to outdoor trees shrubs plants and lawns is included within the limits described in Para graph 2 above.. Pollutant Cleanup and Removal 1 We will pay your necessary and rea 2 3 4 sonable expense to extract pollut ants from land or water at the de scribed premises if the discharge dispersal seepage migration re lease or escape of the pollutants is caused by or results from a specified cause of loss which occurs a At the described premises b To Covered Property and c During the policy period. The expenses will be paid only if they are reported to us in writing within 180 days of the date on which the specified cause of loss occurs. This Additional Coverage does not apply to costs to test for monitor or assess the existence concentration or effects of pollutants. But we will pay for testing which is performed in the course of extracting the pollut ants from the land or water. The most we will pay under this Addi tional Coverage is 25000 for the sum of all covered expenses arising Page 10 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 193 of 391 | 2 |
BUSINESSOWNERS a Caused by or resulting from a Covered Cause of Loss b Up to 50000 at each temporary location in any one occurrence and c During the storage period of up to 90 consecutive days but not be yond expiration of this policy. 2 This Additional Coverage does not apply if the stored property is more specifically insured. p. Water Damage Other Liquids Powder or Molten Material Damage 1 If loss or damage caused by or result ing from covered water or other lig uid powder or molten material dam age occurs we will also pay the cost to tear out and replace any part of the building or structure to repair damage to the system or appliance from which the water or other substance escapes. We will not pay the cost to repair any defect to a system or appliance from which the water other liquid powder or molten material escapes. But we will pay the cost to repair or replace damaged parts of fire extinguishing equipment if the damage a Results in discharge of any sub stance from an automatic fire pro tection system or b Is directly caused by freezing. Payments under this Additional Cov erage are subject to and not in addi tion to the applicable Limit of Insur ance. 7. Coverage Extensions Unless otherwise stated payments made un der the following Coverage Extensions are subject to and not in addition to the applicable Limits of Insurance. a. Accounts Receivable 1 When a Limit of Insurance is shown in the Declarations for Business Per sonal Property at the described prem ises you may extend that insurance to apply to loss as described in Paragraph 2 below due to direct physical loss of or damage to your 2 3 out of all Covered Causes of Loss occurring during each separate 12 month period of this policy beginning with the effective date of this policy. This amount applies regardless of the number of premises involved. n. Preservation of Property 1 If it is necessary to move Covered 2 3 Property from the described premises to preserve it from loss or damage by a Covered Cause of Loss we will pay for a Any direct physical loss of or damage to such property while i Being moved or ii Temporarily stored at another location only if the loss or damage occurs within 90 days after the property is first moved and b The costs incurred to i Remove such property from the described premises and ii Return such property to the described premises. Coverage under this Additional Cov erage will end when any of the follow ing first occurs a When the policy is amended to provide insurance at the new lo cation b The property is returned to the original described premises c 90 days expire after the property is first moved or d This policy expires. Payments under this Additional Cov erage are subject to and not in addi tion to the applicable Limit of Insur ance. o. Temporary Relocation of Property 1 If Covered Property is removed from the described premises and stored temporarily at a location you own lease or operate while the described premises is being renovated or re modeled we will pay for direct physi cal loss of or damage to that stored property MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 11 of 39 TRAVELERS DOC MGMT Page 194 of 391 | 2 |
BUSINESSOWNERS g Paragraph B.1.f. War and Military Action h Paragraph B.1.g. Water i Paragraph B.1.h. Neglect and j Paragraph B.2.g. No other exclusions in Paragraph B. Exclusions apply to this Coverage Extension. However if any exclu sions are added by endorsement to this Coverage Form such exclusions will apply to this Coverage Extension. 4 The most we will pay under this Cov erage Extension for loss of or dam age to records of accounts receivable in any one occurrence while in transit or at a premises other than the de scribed premises is 25000. 5 The most we will pay under this Cov erage Extension for loss of or dam age to records of accounts receivable in any one occurrence at each de scribed premises is 25000 or the amount shown in the Declarations for Accounts Receivable whichever is greater. 6 Payments made under this Coverage Extension are in addition to the appli cable Limits of Insurance. Appurtenant Buildings and Structures 1 When a Limit of Insurance is shown in the Declarations for Building at the described premises you may extend that insurance to apply to direct physical loss of or damage to inciden tal appurtenant buildings or struc tures within 1000 feet of that de scribed premises caused by or re sulting from a Covered Cause of Loss. 2 When a Limit of Insurance is shown in the Declarations for Business Per sonal Property at the described prem ises you may extend that insurance to apply to direct physical loss of or damage to Business Personal Prop erty within incidental appurtenant buildings or structures within 1000 feet of that described premises caused by or resulting from a Cov ered Cause of Loss. records of accounts receivable in cluding those on electronic data processing media caused by or re sulting from a Covered Cause of Loss. Credit card company media will be considered accounts receivable until delivered to the credit card com pany. We will pay for a All amounts due from your cus tomers that you are unable to col lect Interest charges on any loan re quired to offset amounts you are unable to collect pending our payment of these amounts Collection expenses in excess of your normal collection expenses that are made necessary by the loss or damage and d Other reasonable expenses that you incur to re establish your re cords of accounts receivable. The following exclusions apply to this Coverage Extension a We will not pay for loss caused by or resulting from bookkeeping accounting or billing errors or omissions b We will not pay for loss that re quires an audit of records or any inventory computation to prove its factual existence We will not pay for loss caused by or resulting from alteration falsification concealment or de struction of records of accounts receivable done to conceal the wrongful giving taking or with holding of money securities or other property. But this exclusion applies only to the extent of the wrongful giving taking or with holding d Paragraph B.1.b. Earth Move ment e Paragraph B.1.c. Governmental Action f Paragraph B.1.d. Nuclear Haz ard 2 b c 3 c Page 12 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 195 of 391 | 2 |
BUSINESSOWNERS 3 4 5 Incidental appurtenant buildings or structures include a Storage buildings b Carports c Garages d Pump houses or e Above ground tanks which have not been specifically de scribed in the Declarations. The most we will pay for loss or dam age under this Coverage Extension in any one occurrence for any combina tion of loss of or damage to Building and Business Personal Property is 50000 regardless of the number of described premises involved. Payments made under this Coverage Extension are in addition to the appli cable Limits of Insurance. c. Building Glass 1 2 If a You are the building owner and b A Limit of Insurance is shown in the Declarations for Building at the described premises you may extend that insurance to ap ply to direct physical loss of or dam age to all exterior and interior building glass caused by or resulting from a Covered Cause of Loss including glass breakage and damage to glass by chemicals accidentally or mali ciously applied to glass. If a You are a tenant b A Limit of Insurance is shown in the Declarations for Building or Business Personal Property at the described premises and c You are contractually obligated to repair or replace building glass at the described premises you may extend that insurance to ap ply to direct physical loss of or dam age to all exterior and interior building glass caused by or resulting from a Covered Cause of Loss including glass breakage and damage to glass by chemicals accidentally or mali ciously applied to glass. We will also pay for necessary ex penses in connection with loss or damage covered in Paragraphs 1 or 2 above incurred by you to a Put up temporary plates or board up openings b Repair or replace encasing frames and c Remove or replace obstructions. The following exclusions apply to this Coverage Extension a We will not pay for loss or dam age caused by or resulting from i Wear and tear ii Hidden or latent defect iii Corrosion or iv Rust b Paragraph B.1.b. Earth Move ment c Paragraph B.1.c. Governmental Action d Paragraph B.1.d. Nuclear Haz ard e Paragraph B.1.f. War and Military Action and f Paragraph B.1.g. Water. No other exclusions in Paragraph B. Exclusions apply to this Coverage Extension. However if any exclu sions are added by endorsement to this Coverage Form such exclusions will apply to this Coverage Extension. d. Business Income and Extra Expense From Dependent Property 1 When the Declarations show that you have coverage for Business Income and Extra Expense you may extend that insurance to apply to the actual loss of Business Income you sustain and reasonable and necessary Extra Expense you incur due to the sus pension of your operations during the period of restoration. The sus pension must be caused by direct physical loss or damage at the prem ises of a Dependent Property caused 3 4 MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 13 of 39 TRAVELERS DOC MGMT Page 196 of 391 | 2 |
BUSINESSOWNERS 4 This Coverage Extension a Applies to Dependent Property premises located within the Cov erage Territory and b Does not apply when you have more specific insurance under any other policy. 5 We will reduce the amount of your 6 7 Business Income loss other than Ex tra Expense to the extent you can resume operations in whole or in part by using any other available a Source of materials or b Outlet for your products. The most we will pay for Business In come and Extra Expense under this Coverage Extension in any one oc currence is 10000 regardless of the number of described premises or number of Dependent Properties in volved. Payments made under this Coverage Extension are in addition to the appli cable Limits of Insurance. Business Income and Extra Expense Newly Acquired Premises 1 When the Declarations show that you 2 3 have coverage for Business Income and Extra Expense you may extend that insurance to apply to the actual loss of Business Income you sustain and reasonable and necessary Extra Expense you incur due to the sus pension of your operations during the period of restoration. The sus pension must be caused by direct physical loss or damage caused by or resulting from a Covered Cause of Loss at any premises you newly ac quire by purchase or lease other than at fairs trade shows or exhibi tions. The most we will pay under this Cov erage Extension for the sum of Busi ness Income and Extra Expense you incur in any one occurrence is 250000 at each newly acquired premises. Insurance under this Coverage Ex tension for each newly acquired 2 3 by or resulting from a Covered Cause of Loss. Dependent Property means property operated by others whom you de pend on to a Deliver materials or services other than water supply ser vices communication supply services or power supply ser vices to you or to others for your account Contributing Loca tions b Accept your products or services Recipient Locations c Manufacture products for delivery to your customers under contract of sale Manufacturing Loca tions or d Attract customers to your busi ness Leader Locations. With respect to this Coverage Exten sion the period of restoration a Begins 24 hours after the time of direct physical loss or damage caused by or resulting from any Covered Cause of Loss at the premises of the Dependent Prop erty Ends on the date when the prop erty at the premises of the De pendent Property should be re paired rebuilt or replaced with reasonable speed and similar quality and Does not include any increased period required due to the en forcement of any ordinance or law that i Regulates the construction use or repair or requires the tearing down of any property or ii Requires any insured or oth ers to test for monitor clean up remove contain treat detoxify or neutralize or in any way respond to or as sess the effects of pollut ants. b c Page 14 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 197 of 391 | 2 |
BUSINESSOWNERS f Otherwise covered under the Fine Arts Additional Coverage or g Otherwise covered under the fol lowing Coverage Extensions i Accounts Receivable ii Electronic Data Processing iii Personal Effects or iv Valuable Papers and Re cords. g. Civil Authority 1 When the Declarations show that you 2 3 have coverage for Business Income and Extra Expense you may extend that insurance to apply to the actual loss of Business Income you sustain and reasonable and necessary Extra Expense you incur caused by action of civil authority that prohibits access to the described premises. The civil authority action must be due to direct physical loss of or damage to prop erty at locations other than described premises that are within 100 miles of the described premises caused by or resulting from a Covered Cause of Loss. The coverage for Business Income will begin 24 hours after the time of that action and will apply for a period of three consecutive weeks after cov erage begins. The coverage for Extra Expense will begin immediately after the time of that action and will end when your Business Income coverage ends for this Coverage Extension. h. Electronic Data Processing 1 When a Limit of Insurance is shown 2 in the Declarations for Business Per sonal Property at the described prem ises you may extend that insurance to apply to direct physical loss of or damage to Electronic Data Process ing Equipment and to Electronic Data Processing Data and Media caused by or resulting from a Cov ered Cause of Loss. Worldwide coverage is provided un der this Coverage Extension. The coverage territory as described in premises will end when any of the fol lowing first occurs a This policy expires b 90 days expire after you acquire that premises c You report that premises to us or d The Business Income or Extra Expense is more specifically in sured. We will charge you additional pre mium for premises reported from the date you acquire that premises. 4 Payments made under this Coverage Extension are in addition to the appli cable Limits of Insurance. Business Personal Property Off Prem ises 1 When a Limit of Insurance is shown in the Declarations for Business Per sonal Property at the described prem ises you may extend that insurance to apply to direct physical loss of or damage to such property caused by or resulting from a Covered Cause of Loss while a In the course of transit to or from the described premises or b Temporarily away from the de scribed premises and At a premises you do not own lease or operate or ii At any fair trade show or ex hibition at a premises you do not own or regularly occupy. 2 This Coverage Extension does not apply to property a While in the custody of the United States Postal Service b Rented or leased to others c After delivery to customers d In the care custody or control of your salespersons unless the property is in such care custody or control at a fair trade show or exhibition e Temporarily at a premises for more than 60 consecutive days except money and securities at a banking premises MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 15 of 39 TRAVELERS DOC MGMT Page 198 of 391 | 2 |
BUSINESSOWNERS deficiency in design installa tion maintenance repair or modification of your computer system or any computer sys tem or network to which your system is connected or on which your system depends including electronic data re sults in a specified cause of loss or mechanical break down of Electronic Data Processing Equipment we will pay for the loss or dam age caused by that specified cause of loss or mechanical breakdown of Electronic Data Processing Equipment iv Unexplained or indetermin able failure malfunction or slowdown of a computer sys tem including Electronic Data Processing Data and Media or the inability to ac cess or properly manipulate Electronic Data Processing Data and Media or Electronic Vandalism ex cept as provided in Para graph 9 below. 6 The most we will pay under this Cov erage Extension for loss of or dam age to Electronic Data Processing Equipment and to Electronic Data Processing Data and Media while in transit or at a premises other than the described premises in any one oc currence is 25000. The most we will pay under this Cov erage Extension for loss of or dam age to duplicates of your Electronic Data Processing Data and Media while stored at a separate premises from where your original Electronic Data Processing Data and Media are kept in any one occurrence is 25000. The most we will pay under this Cov erage Extension for loss or damage to Electronic Data Processing Equip ment including such property you newly acquire in any one occurrence is 25000 at each newly acquired premises. With respect to insurance v 3 4 5 Paragraph F.8.b. does not apply to this Coverage Extension. This Coverage Extension does not apply to a Stock or b Property that is leased or rented to others. The following exclusions as de scribed in Paragraph B. Exclusions do not apply to this Coverage Exten sion a Paragraph 1.e. Utility Services b Paragraph 2.a. or c Paragraph 2.d.6. The following additional exclusions apply to this Coverage Extension a We will not pay for loss or dam age caused by or resulting from any of the following i Programming errors omis sions or incorrect instructions to a machine. But if pro gramming errors omissions or incorrect instructions to a machine results in a speci fied cause of loss or me chanical breakdown of Elec tronic Data Processing Equipment we will pay for the loss or damage caused by that specified cause of loss or mechanical break down of Electronic Data Processing Equipment i Unauthorized viewing copy ing or use of Electronic Data Processing Data and Media or any proprietary or confi dential information or intellec tual property by any person even if such activity is char acterized as theft iii Errors or deficiency in design installation maintenance re pair or modification of your computer systems or any computer system or network to which your system is con nected or on which your sys tem depends including elec tronic data. But if errors or Page 16 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 199 of 391 | 2 |
BUSINESSOWNERS under this Coverage Extension on newly acquired Electronic Data Processing Equipment coverage will end when any of the following first oceurs a This policy expires b 180 days expire after you acquire the Electronic Data Processing Equipment or c You report values to us. 9 The most we will pay under this Cov erage Extension for loss of or dam age to Electronic Data Processing Data and Media caused by or result ing from electronic vandalism in any one occurrence is 25000 re gardless of the number of the number of premises involved. Such limit also applies to any otherwise covered loss of Business Income or Extra Ex pense. 10 The most we will pay under this Cov erage Extension for loss of or dam age to Electronic Data Processing Equipment and to Electronic Data Processing Data and Media at the described premises in any one oc currence is the Limit of Insurance shown in the Declarations for Busi ness Personal Property at such premises or 50000 whichever is less. i. Equipment Breakdown 1 When a Limit of Insurance is shown in the Declarations for Building or Business Personal Property at the described premises you may extend that insurance to apply to direct physical loss of or damage to Cov ered Property at the described prem ises caused by or resulting from a breakdown to covered equipment. With respect to otherwise covered Business Income and Extra Expense breakdown to covered equipment will be considered a Covered Cause of Loss. If an initial breakdown causes other breakdowns all will be considered one breakdown. All breakdowns that manifest themselves at the same time and are the result of the same cause will also be considered one breakdown. 2 Under this Coverage Extension the following coverages also apply a Expediting Expenses i ii In the event of direct physical loss of or damage to Covered Property caused by or result ing from a breakdown to covered equipment we will pay for the reasonable addi tional expenses you neces sarily incur to make tempo rary repairs to or expedite the permanent repair or re placement of the lost or damaged Covered Property. Expediting expenses include overtime wages and the extra cost of express or other rapid means of transportation. iii The most we will pay under this Coverage Extension for all Expediting Expenses aris ing out of any one break down is 25000. This limit is part of and not in addition to the Limit of Insurance that applies to lost or damaged Covered Property. b Pollutants i ii In the event of direct physical loss of or damage to Covered Property caused by or result ing from a breakdown to covered equipment we will pay for the additional cost to repair or replace Covered Property because of con tamination by pollutants. This includes the additional expenses to clean up or dis pose of such property. Addi tional costs mean those be yond what would have been required had no pollutants been involved. The most we will pay under this Coverage Extension for loss or damage to Covered Property caused by contami nation by pollutants arising MP T102 02 05 Copyright The Travelers Indemnity Company 2004 Page 17 of 39 TRAVELERS DOC MGMT Page 200 of 391 | 2 |
BUSINESSOWNERS c Paragraph 2.e. 7 With respect to this Coverage Exten sion the following condition is added to Paragraph F. Commercial Property Conditions Suspension If any covered equipment is found to be in or exposed to a dangerous condition any of our representatives may immediately suspend the insur ance provided by this Coverage Form for loss or damage caused by or re sulting from a breakdown to that covered equipment. This can be done by delivering or mailing a notice of suspension to 1. Your last known address or 2. The address where the covered equipment is located. Once suspended in this way such in surance can only be reinstated by a written endorsement issued by us. If we suspend your insurance you will get a pro rata refund of premium for that covered equipment. But the suspension will be effective even if we have not yet made or offered a re fund. 8 The most we will pay under this Cov erage Extension for all direct physical loss of or damage to a Diagnostic Equipment b Power Generating Equipment or c Production Equipment caused by or resulting from a break down to covered equipment in any one occurrence is 100000. j. Interruption of Computer Operations 1 When the Declarations show that you have coverage for Business Income and Extra Expense you may extend that insurance to apply to a suspen sion of operations caused by an in terruption of computer operations due to direct physical loss of or damage to Electronic Data Processing Data and Media at the described premises caused by or resulting from a Cov ered Cause of Loss. out of any one breakdown is 25000. This limit is sub ject to and not in addition to the Limit of Insurance that applies to lost or damaged Covered Property. c Service Interruption When the Declarations show that you have coverage for Business Income and Extra Expense you may extend that insurance to ap ply to loss caused by or resulting from a breakdown to equipment that is owned operated or con trolled by a local public or private utility or distributor that directly generates transmits distributes or provides the following utility services i Water Supply Services i Communication Supply Ser vices or iii Power Supply Services. 3 We will not pay under this Coverage Extension for loss or damage caused by or resulting from any of the follow ing tests a A hydrostatic pneumatic or gas pressure test of any boiler or pressure vessel or b An insulation breakdown test of any type of electrical equipment. We will not pay under this Coverage Extension for loss or damage caused by or resulting from a change in a Temperature or b Humidity as a consequence of breakdown to covered equipment. The following limitations in Paragraph A.5. do not apply to this Coverage Extension a Paragraph a.2 and b Paragraph a.3. The following exclusions in Para graph B. Exclusions do not apply to this Coverage Extension a Paragraph 2.a. b Paragraph 2.d.6 and 4 5 G Page 18 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 201 of 391 | 2 |
BUSINESSOWNERS 3 4 or not the motor vehicle or motor ized conveyance is in motion or During hitching or unhitching op erations or when a trailer or semi trailer becomes accidentally unhitched from a motor vehicle or motorized conveyance. The most we will pay for loss or dam age under this Coverage Extension in any one occurrence is 5000 regard less of the number of described premises trailers or semi trailers in volved. b This insurance is excess over the amount due whether you can collect on it or not from any other insurance covering such property. m. Ordinance or Law Increased Period of Restoration 1 When 2 3 a A Covered Cause of Loss occurs to property at the described premises and b The Declarations show that you have coverage for Business In come and Extra Expense you may extend that insurance to ap ply to the amount of actual loss of Business Income you sustain and reasonable and necessary Extra Ex pense you incur during the increased period of suspension of operations caused by or resulting from the en forcement of any ordinance or law that a Regulates the construction repair or replacement of any property b Requires the tearing down or re placement of any parts of prop erty not damaged by a Covered Cause of Loss and c Is in force at the time of loss. This Coverage Extension applies only to the period that would be required with reasonable speed to recon struct repair or replace the property to comply with the minimum require ments of the ordinance or law. This Coverage Extension does not apply to 2 3 The most we will pay under this Cov erage Extension is 25000 for the sum of all covered interruptions aris ing out of all Covered Causes of Loss occurring during each separate 12 month period of this policy beginning with the effective date of this policy. Payments made under this Coverage Extension are in addition to the appli cable Limits of Insurance. Money Orders and Counterfeit Paper Currency When a Limit of Insurance is shown in the Declarations for Business Personal Prop erty at the described premises you may extend that insurance to apply to loss due to the good faith acceptance of 1 2 Any U.S. or Canadian post office or express money order issued or pur porting to have been issued by any post office or express company if the money order is not paid upon presen tation or Counterfeit United States or Cana dian paper currency in exchange for merchandise money or services or as part of a normal business transaction. Non Owned Detached Trailers 1 2 When a Limit of Insurance is shown in the Declarations for Business Per sonal Property at the described prem ises you may extend that insurance to apply to direct physical loss of or damage to trailers or semi trailers that you do not own provided that a The trailer or semi trailer is used in your business b The trailer or semi trailer is in your care custody or control at the described premises and c You have a contractual responsi bility to pay for loss of or damage to the trailer or semi trailer. We will not pay for loss or damage that occurs a While the trailer or semi trailer is attached to any motor vehicle or motorized conveyance whether MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 19 of 39 TRAVELERS DOC MGMT Page 202 of 391 | 2 |
BUSINESSOWNERS a Loss due to an ordinance or law that i You were required to comply with before the loss even if the property was undam aged and ii You failed to comply with or b Costs associated with the en forcement of any ordinance or law that requires any insured or others to test for monitor clean up remove contain treat detox ify or neutralize or in any way re spond to or assess the effects of pollutants. Paragraph B.1.a. does not apply to this Coverage Extension. The most we will pay for loss under this Coverage Extension in any one occurrence is 25000 at each de scribed premises. 6 Payments made under this Coverage Extension are in addition to the appli cable Limits of Insurance. n. Outdoor Property 1 When a Limit of Insurance is shown in the Declarations for Building or Business Personal Property at the described premises you may extend that insurance to apply to direct physical loss of or damage to the fol lowing types of outdoor property at that described premises caused by or resulting from a Covered Cause of Loss a Radio or television antennas in cluding microwave or satellite dishes and their lead in wiring masts or towers or b Bridges walks roadways patios and other paved surfaces. The most we will pay for loss or dam age under this Coverage Extension in any one occurrence is 10000 at each described premises. o. Personal Effects 1 When a Limit of Insurance is shown in the Declarations for Business Per sonal Property at the described prem ises you may extend that insurance 4 5 2 2 3 4 to apply to direct physical loss of or damage to personal effects owned by a Youor b Your officers partners mem bers managers employees directors or trustees caused by or resulting from a Cov ered Cause of Loss. Such property must be located at a described premises. The most we will pay for loss or dam age under this Coverage Extension in any one occurrence is 25000 at each described premises. Payments under this Coverage Ex tension are in addition to the applica ble Limits of Insurance. Signs 1 2 If a You are the building owner and b A Limit of Insurance is shown in the Declarations for Building at the described premises you may extend that insurance to apply to di rect physical loss of or damage to outdoor signs attached to the build ing or on or within 1000 feet of the described premises caused by or re sulting from a Covered Cause of Loss. If a You are a tenant b A Limit of Insurance is shown in the Declarations for Business Personal Property and c You own or are contractually ob ligated to repair or replace out door signs at the described premises you may extend that insurance to apply to di rect physical loss of or damage to outdoor signs attached to the build ing or on or within 1000 feet of the described premises caused by or re sulting from a Covered Cause of Loss. Page 20 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 203 of 391 | 2 |
BUSINESSOWNERS q. Spoilage Consequential Loss 1 When a Limit of Insurance is shown 2 3 in the Declarations for Business Per sonal Property at the described prem ises you may extend that insurance to apply to consequential loss to your Business Personal Property caused by a change in a Temperature or b Humidity caused by or resulting from a Cov ered Cause of Loss to any of the fol lowing types of equipment situated within the building at the described premises a Refrigerating b Cooling c Humidifying d Air conditioning e Heating f Generating or converting power or Connections supply or transmis sion lines and pipes associated with the above equipment. With respect to this Coverage Exten sion breakdown to covered equip ment will not be considered a Cov ered Cause of Loss even if otherwise covered elsewhere in this Coverage Form. Paragraphs B.2.d.7a and B.2.d.7b do not apply to this Cov erage Extension. 9 r. Theft Damage to Rented Property 1 When a Limit of Insurance is shown in the Declarations for Business Per sonal Property at the described prem ises you may extend that insurance to apply to direct physical loss of or damage to the following caused by or resulting by theft or attempted theft a That part of a building you oc cupy but do not own which con tains Covered Property and b Property within such non owned building used for maintenance or service of such non owned build ing. 2 We will not pay under this Coverage Extension for loss or damage a Caused by or resulting from fire or explosion or b To glass other than glass build ing blocks or to any lettering or namentation or burglar alarm tape on glass. 3 This Coverage Extension applies only if you are a tenant and you are con tractually obligated to insure this ex posure. s. Valuable Papers and Records 1 When a Limit of Insurance is shown 2 3 in the Declarations for Business Per sonal Property at the described prem ises you may extend that insurance to apply to direct physical loss of or damage to valuable papers and re cords that a You own or b Are owned by others but in your care custody or control caused by or resulting from a Cov ered Cause of Loss. This Coverage Extension includes the cost to research replace or re store the lost information on valuable papers and records for which dupli cates do not exist. The following exclusions apply to this Coverage Extension a We will not pay for any loss or damage to valuable papers and records caused by or resulting from any errors or omissions in processing or copying. But if er rors or omissions in processing or copying results in fire or explo sion we will pay for the resulting loss or damage caused by that fire or explosion. Paragraph B.1.b. Earth Move ment c Paragraph B.1.c. Governmental Action d Paragraph B.1.d. Nuclear Haz ard b MP T102 02 05 Copyright The Travelers Indemnity Company 2004 Page 21 of 39 TRAVELERS DOC MGMT Page 204 of 391 | 2 |
BUSINESSOWNERS e Paragraph B.1.f. War and Military Action f Paragraph B.1.g. Water g Paragraph B.1.h. Neglect and h Paragraph B.2.g. No other exclusions in Paragraph B. Exclusions apply to this Coverage Extension. However if any exclu sions are added by endorsement to this Coverage Form such exclusions will apply to this Coverage Extension. 4 The most we will pay under this Cov erage Extension for loss of or dam age to valuable papers and records in any one occurrence while in transit or at a premises other than the de scribed premises is 25000. 5 The most we will pay under this Cov erage Extension for loss of or dam age to valuable papers and records in any one occurrence at each de scribed premises is 25000 or the amount shown in the Declarations for Valuable Papers and Records whichever is greater. 6 Payments made under this Coverage Extension are in addition to the appli cable Limits of Insurance. B. EXCLUSIONS 1. We will not pay for loss or damage caused di rectly or indirectly by any of the following. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. These exclusions apply whether or not the loss event results in widespread damage or affects a substantial area. a. Ordinance or Law 1 The enforcement of any ordinance or law a Regulating the construction use or repair of any property or b Requiring the tearing down of any property including the cost of removing its debris. 2 This exclusion Ordinance or Law applies whether the loss results from a An ordinance or law that is en forced even if the property has not been damaged or b The increased costs incurred to comply with an ordinance or law in the course of construction re pair renovation remodeling or demolition of property or removal of its debris following a physical loss to that property. b. Earth Movement 1 Earthquake including any earth sink ing rising or shifting related to such event 2 Landslide including any earth sink ing rising or shifting related to such event 3 Mine subsidence meaning subsi dence of a man made mine whether or not mining activity has ceased or Earth sinking other than sinkhole col lapse rising or shifting including soil conditions which cause settling cracking or other disarrangement of foundations or other parts of realty. Soil conditions include contraction expansion freezing thawing ero sion improperly compacted soil and the action of water under the ground surface all whether naturally occurring or due to man made or other artificial causes. But if Earth Movement as described in Paragraphs 1 through 4 above results in fire or explosion we will pay for the loss or damage caused by that fire or ex plosion. 5 Volcanic eruption explosion or effu sion. But if volcanic eruption explo sion or effusion results in fire or vol canic action we will pay for the loss or damage caused by that fire or vol canic action. 4 Volcanic action means direct loss or damage resulting from the eruption of a volcano when the loss or damage is caused by a Airborne volcanic blast or air borne shock waves Page 22 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 205 of 391 | 2 |
BUSINESSOWNERS b Ash dust or particulate matter or c Lava flow. All volcanic eruptions that occur within any 168 hour period will con stitute a single occurrence. Volcanic action does not include the cost to remove ash dust or particu late matter that does not cause direct physical loss of or damage to Cov ered Property. c. Governmental Action Seizure or destruction of property by or der of governmental authority. But we will pay for loss or damage caused by or resulting from acts of de struction ordered by governmental au thority and done at the time of a fire to prevent its spread if the fire would be covered under this policy. d. Nuclear Hazard Nuclear reaction or radiation or radioac tive contamination however caused. But if nuclear reaction or radiation or ra dioactive contamination results in fire we will pay for the loss or damage caused by that fire. e. Utility Services The failure or fluctuation of power or other utility service supplied to the described premises however caused if the cause of the failure or fluctuation occurs away from the described premises. But if the failure or fluctuation of power or other utility service results in a Covered Cause of Loss we will pay for the loss or damage resulting from that Covered Cause of Loss. f. War and Military Action 1 War including undeclared or civil war 2 Warlike action by a military force in cluding action in hindering or defend ing against an actual or expected at tack by any government sovereign or other authority using military per sonnel or other agents or Insurrection rebellion revolution usurped power or action taken by 3 governmental authority in hindering or defending against any of these. g. Water 1 Flood surface water waves tides tidal waves overflow of any body of water or their spray all whether driven by wind or not Mudslide or mudflow Water or sewage that backs up or overflows from a sewer drain or sump or Water under the ground surface pressing on or flowing or seeping through a Foundations walls floors or paved surfaces b Basements whether paved or not or c Doors windows or other open ings all whether naturally occurring or due to man made or other artificial causes. But if Water as described in Paragraphs 1 through 4 above results in fire ex plosion or sprinkler leakage we will pay for the loss or damage caused by that fire explosion or sprinkler leakage. h. Neglect Neglect of an insured to use reasonable means to save and preserve property from further damage at and after the time of loss. i. Collapse of Buildings Collapse of buildings meaning an abrupt falling down or caving in of a building or any part of a building with the result being that the building or part of a building can not be occupied for its intended purpose. 1 This exclusion does not apply to col lapse of buildings if caused only by one or more of the following a A specified cause of loss or breakage of building glass b Decay insect or vermin damage that is hidden from view unless the presence of such decay or in sect or vermin damage is known to an insured prior to collapse 2 3 4 MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 23 of 39 TRAVELERS DOC MGMT Page 206 of 391 | 2 |
BUSINESSOWNERS 2 c Weight of people or personal property d Weight of rain that collects on a roof or e Use of defective material or methods in construction remod eling or renovation if the collapse occurs during the course of con struction remodeling or renova tion or f Use of defective material or methods in construction remod eling or renovation if the collapse occurs after construction remod eling or renovation is complete and is caused in part by a cause of loss listed in Paragraphs a through d above. In the event collapse results in a Covered Cause of Loss we will only pay for the resulting loss or damage by that Covered Cause of Loss. We will not pay for loss of or damage to the following types of property if otherwise covered in this Coverage Form under Paragraphs 1b through 1f above unless the loss or damage is a direct result of the col lapse of a building a Awnings gutters and down spouts Outdoor radio or television an tennas including microwave or satellite dishes and their lead in wiring masts or towers c Fences d Piers wharves and docks e Beach or diving platforms or ap purtenances f Retaining walls g Walks roadway and other paved surfaces h Yard fixtures or i Outdoor swimming pools. b 3 A building or part of a building that a Is in imminent danger of abruptly falling down or caving in or b Suffers a substantial impairment of structural integrity is not considered to have collapsed but is considered to be in a state of imminent collapse. With respect to buildings in a state of imminent collapse we will not pay for loss or damage unless the state of imminent collapse first manifests it self during the policy period and is caused only by one or more of the following which occurs during the pol icy period a A specified cause of loss or breakage of glass b Weight of people or personal property c Weight of rain that collects on a roof or d Use of defective material or methods in construction remod eling or renovation if the state of imminent collapse occurs during the course of construction re modeling or renovation. 2. We will not pay for loss or damage caused by or resulting from any of the following a. Artificially generated electrical current in cluding electric arcing that disturbs elec trical devices appliances or wires unless caused by a specified cause of loss. But if artificially generated electrical cur rent results in fire we will pay for the loss or damage caused by that fire. Delay loss of use or loss of market. c. Smoke vapor or gas from agricultural smudging or industrial operations. d. 1 Wear and tear 2 Rust corrosion fungus decay dete rioration wet or dry rot mold hidden or latent defect or any quality in prop erty that causes it to damage or de stroy itself 3 Smog 4 Settling cracking shrinking or ex pansion Nesting or infestation or discharge or release of waste products or secre tions by insects birds rodents or other animals 4 5 Page 24 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 207 of 391 | 2 |
BUSINESSOWNERS tems caused by or resulting from freez ing unless 1 You do your best to maintain heat in the building or structure or 2 You drain the equipment and shut off the water supply if the heat is not maintained. Dishonest or criminal acts by you or any of your partners members officers managers employees including leased employees directors trustees authorized representatives or anyone to whom you entrust the property for any purpose 1 Acting alone or in collusion with oth ers or 2 Whether or not occurring during the hours of employment. This exclusion does not apply to acts of destruction by your employees includ ing leased employees but theft by em ployees including leased employees is not covered. Voluntary parting with any property by you or anyone else to whom you have en trusted the property. Rain snow sand dust ice or sleet to personal property in the open. Discharge dispersal seepage migration release or escape of pollutants unless the discharge dispersal seepage migra tion release or escape is itself caused by any of the specified causes of loss. But if the discharge dispersal seepage mi gration release or escape of pollutants results in a specified cause of loss we will pay for the loss or damage caused by that specified cause of loss. This exclusion k. does not apply to dam age to glass caused by chemicals applied to the glass. Default on any credit sale loan or similar transaction.. Property that is missing where the only evidence of the loss or damage is a short age disclosed on taking inventory or other instances where there is no physi cal evidence to show what happened to the property. This exclusion does not ap ply to money and securities. 6 Mechanical breakdown including rupture or bursting caused by cen trifugal force. But if mechanical breakdown results in elevator colli sion we will pay for the loss or dam age caused by that elevator collision The following causes of loss to per sonal property a Dampness or dryness of atmos phere b Changes in or extremes of tem perature c Marring or scratching d Changes in flavor color texture or finish e Evaporation or leakage or Contamination by other than pollut ants. 7 But if an excluded cause of loss that is listed in Paragraphs 1 through 8 above results in a specified cause of loss building glass breakage or breakdown to covered equipment only if otherwise a Covered Cause of Loss we will pay for the loss or damage caused by that specified cause of loss building glass breakage or breakdown to covered equipment only if otherwise a Covered Cause of Loss. Explosion of steam boilers steam pipes steam engines or steam turbines owned or leased by you or operated under your control. But if explosion of steam boilers steam pipes steam engines or steam turbines results in fire or combustion ex plosion we will pay for the loss or dam age caused by that fire or combustion ex plosion. We will also pay for loss or dam age caused by or resulting from the ex plosion of gases or fuel within the furnace of any fired vessel or within the flues or passages through which the gases of combustion pass. Continuous or repeated seepage or leak age of water or the presence or conden sation of humidity moisture or vapor that occurs over a period of 14 days or more. Water other liquids powder or molten material that leaks or flows from plumb ing heating air conditioning or other equipment except fire protection sys MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 25 of 39 TRAVELERS DOC MGMT Page 208 of 391 | 2 |
BUSINESSOWNERS n. Loss of property or that part of any loss the proof of which as to its existence or amount is dependent on 1 Any inventory computation or 2 A profit and loss computation. 0. The transfer of property to a person or to a place outside the described premises on the basis of unauthorized instructions. p. Loss of money or securities caused by or resulting from accounting or arithmetic rrors or omissions. g. The cost of correcting or making good the damage to personal property attributable to such property being processed manu factured tested repaired restored re touched or otherwise being worked upon. We will not pay for loss or damage caused by or resulting from any of the following under Paragraphs a. through c. But if an excluded cause of loss that is listed in Paragraphs a. and b. below results in a Covered Cause of Loss we will pay for the resulting loss or damage caused by that Covered Cause of Loss. a. Weather conditions but this exclusion only applies if weather conditions contrib ute in any way with a cause or event ex cluded in Paragraph B.1. above to pro duce the loss or damage. b. Acts or decisions including the failure to act or decide of any person group or ganization or governmental body. c. Faulty inadequate or defective 1 Planning zoning development sur veying siting 2 Design specifications workmanship repair construction renovation re modeling grading compaction 3 Materials used in repair construction renovation or remodeling or 4 Maintenance of part or all of any property on or off the described premises. If an excluded cause of loss that is listed in Paragraphs 1 through 4 above re sults in a Covered Cause of Loss we will pay for the resulting loss or damage caused by that Covered Cause of Loss. But we will not pay for 1 Any cost of correcting or making good the fault inadequacy or defect itself including any cost incurred to tear down tear out repair or replace any part of any property to correct the fault inadequacy or defect or t Any resulting loss or damage by a Covered Cause of Loss to the prop erty that has the fault inadequacy or defect until the fault inadequacy or defect is corrected. 4. Business Income and Extra Expense Ex clusions We will not pay for a. b. Any Extra Expense or increase of Busi ness Income loss caused by or resulting from 1 Delay in rebuilding repairing or re placing the property or resuming op erations due to interference by strikers or other persons at the loca tion of the rebuilding repair or re placement or 2 Suspension lapse or cancellation of any license lease or contract. But if the suspension lapse or cancellation is directly caused by the suspension of operations we will cover such loss that affects your Business In come during the period of restora tion and the period of Extended Business Income or Any other consequential loss. C. LIMITS OF INSURANCE 1. The most we will pay for loss or damage in any one occurrence is the applicable Limit of Insurance shown in the Declarations Sched ules Coverage Forms or endorsements. Inflation Guard a. When a percentage for Inflation Guard is shown in the Declarations the Limit of In surance for property to which this cover age applies will automatically increase by that annual percentage. The amount of increase will be 1 The Limit of Insurance that applied on the most recent of the policy incep tion date the policy anniversary date or any other policy change amending the Limit of Insurance multiplied by Page 26 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 209 of 391 | 2 |
BUSINESSOWNERS in any one occurrence is the Building Glass Deductible shown in the Declarations. The Businessowners Property Coverage De ductible does not apply to any of the follow ing a. Fire Department Service Charge b. Business Income and Extra Expense c. Arson and Theft Reward and d. Accounts Receivable. If more than one deductible applies to loss or damage in any one occurrence we will apply each deductible separately. But the total of all deductible amounts applied in any one occur rence will not exceed the largest applicable deductible. E. PROPERTY LOSS CONDITIONS The following conditions apply in addition to the Common Policy Conditions 1. Abandonment There can be no abandonment of any prop erty to us. Appraisal If we and you disagree on the value of the property the amount of Net Income and op erating expense or the amount of loss either may make written demand for an appraisal of the loss. In this event each party will select a competent and impartial appraiser. The two appraisers will select an umpire. If they can not agree either may request that selection be made by a judge of a court having jurisdic tion. The appraisers will state separately the value of the property the amount of Net In come and operating expense or the amount of loss. If they fail to agree they will submit their differences to the umpire. A decision agreed to by any two will be binding. Each party will a. Pay its chosen appraiser and b. Bear the other expenses of the appraisal and umpire equally. If there is an appraisal we will still retain our right to deny the claim. Duties in the Event of Loss or Damage a. You must see that the following are done in the event of loss or damage to Covered Property 1 Notify the police if a law may have been broken. This duty does notap 2 The percentage of annual increase shown in the Declarations expressed as a decimal example 8 is.08 multiplied by 3 The number of days since the begin ning of the current policy year or the effective date of the most recent pol icy change amending the Limit of In surance divided by 365. Example If The applicable Building limit is 100000 The annual percentage increase is 8 The number of days since the beginning of the policy year or last policy change is 146 The amount of increase is 100000 x.08 x 146365 3200 3. Business Personal Property Limit Sea sonal Increase a. The Limit of Insurance for Business Per sonal Property shown in the Declarations will automatically increase by 25 to pro vide for seasonal variations. b. This increase will apply only if the Limit of Insurance shown for Business Personal Property in the Declarations is at least 100 of your average monthly values during the lesser of 1 The 12 months immediately preced ing the date the loss or damage oc curs or 2 The period of time you have been in business as of the date the loss or damage occurs. D. DEDUCTIBLES 1. We will not pay for loss or damage in any one occurrence until the amount of loss or dam age exceeds the Businessowners Property Coverage Deductible shown in the Declara tions. We will then pay the amount of covered loss or damage in excess of that Deductible. But we will not pay more than the applicable Limit of Insurance. Regardless of the amount of the Busines sowners Property Coverage Deductible the most we will deduct from any loss or damage under the Building Glass Coverage Extension MP T102 02 05 Copyright The Travelers Indemnity Company 2004 Page 27 of 39 TRAVELERS DOC MGMT Page 210 of 391 | 2 |
BUSINESSOWNERS ply to loss or damage arising from employee dishonesty and forgery or alteration. 2 Give us prompt notice of the loss or damage. Include a description of the property involved. As soon as possible give us a de scription of how when and where the loss or damage occurred. Take all reasonable steps to protect the Covered Property from further damage and keep a record of your expenses necessary to protect the Covered Property for consideration in the settlement of the claim. This will not increase the Limit of Insur ance. However we will not pay for any subsequent loss or damage re sulting from a cause of loss that is not a Covered Cause of Loss. Also if feasible set the damaged property aside and in the best possible order for examination. 3 4 5 At our request give us complete in ventories of the damaged and un damaged property. Include quantities costs values and amount of loss claimed. As often as may be reasonably re quired permit us to inspect the prop erty proving the loss or damage and examine your books and records. Also permit us to take samples of damaged and undamaged property for inspection testing and analysis and permit us to make copies from your books and records. For loss or damage from other than employee dishonesty or forgery or alteration send us a signed sworn proof of loss containing the informa tion we request to investigate the claim. You must do this within 60 days after our request. We will supply you with the necessary forms. For loss or damage resulting from employee dishonesty or forgery or alteration give us a detailed sworn proof of loss within 120 days after you discover a loss or situation that G may result in loss of or damage to Covered Property. 9 Cooperate with us in the investigation and settlement of the claim. 10 If you intend to continue your busi ness you must resume all or part of your operations as quickly as possi ble. We may examine any insured under oath while not in the presence of any other in sured and at such times as may be rea sonably required about any matter relat ing to this insurance or the claim includ ing an insured s books and records. In the event of an examination an insured s an swers must be signed. 4. Loss Payment Building and Personal Property a. In the event of loss or damage covered by this Coverage Form at our option we will either 1 Pay the value of lost or damaged property 2 Pay the cost of repairing or replacing the lost or damaged property subject to Paragraph b. below 3 Take all or any part of the property at an agreed or appraised value or 4 Repair rebuild or replace the prop erty with other property of like kind and quality subject to Paragraph b. below. We will determine the value of lost or damaged property or the cost of its repair or replacement in accordance with the applicable terms of Paragraph e. below or any applicable provision which amends or supersedes these valuation conditions. The cost to repair rebuild or replace does not include the increased cost attributable to enforcement of any ordinance or law regulating the construction use or repair of any property except as provided in the Ordinance or Law Additional Coverage. We will give notice of our intentions within 30 days after we receive the proof of loss. We will not pay you more than your finan cial interest in the Covered Property. Page 28 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 211 of 391 | 2 |
BUSINESSOWNERS We will determine the value of Covered Property in the event of covered loss or damage as follows 1 At replacement cost without deduc tion for depreciation except as pro vided in Paragraphs 2 through 18 below. a You may make a claim for loss or damage covered by this insur ance on an actual cash value ba sis instead of on a replacement cost basis. In the event you elect to have loss or damage settled on an actual cash value basis you may still make a claim on a replacement cost basis if you no tify us of your intent to do so within 180 days after the loss or damage. b We will not pay on a replacement cost basis for any loss or dam age i Until the lost or damaged property is actually repaired or replaced and i Unless the repairs or re placement are made as soon as reasonably possible after the loss or damage. With respect to tenants im provements and betterments the following also applies a If the conditions in Para graphs i and ii above are not met the value of tenants improvements and betterments will be determined as a propor tion of your original cost as set forth under Para graph e.7 below and b We will not pay for loss or damage to tenants improvements and bet terments if others pay for repairs or replacement. We will not pay more for loss or damage on a replacement cost basis than the least of Para graphs i ii or iii subject to Paragraph d below c i The Limit of Insurance appli cable to the lost or damaged property ii The cost to replace the lost or damaged property with other property a Of comparable material and quality and b Used for the same pur pose or iii The amount actually spent that is necessary to repair or replace the lost or damaged property. If a building is rebuilt at a new premises the cost described in Paragraph ii above is limited to the cost which would have been incurred if the building had been rebuilt at the original premises. The cost of repair or replacement does not include the increased cost attributable to enforcement of any ordinance or law regulat ing the construction use or repair of any property. If the Declarations indicate that Ac tual Cash Value applies to Buildings or Business Personal Property Para graph 1 above does not apply to the property for which Actual Cash Value is indicated. d Personal Property of others at the amount for which you are liable plus the cost of labor materials or ser vices furnished or arranged by you on personal property of others not to exceed the replacement cost. The following property at actual cash value a Used or second hand merchan dise held in storage or for sale b Household furnishings and c Personal effects. 5 Fine Arts as follows a If there is a schedule of fine arts on file which includes a descrip tion and value of the lost or dam aged item we will pay the value as stated in the schedule for that MP T102 02 05 Copyright The Travelers Indemnity Company 2004 Page 29 of 39 TRAVELERS DOC MGMT Page 212 of 391 | 2 |
BUSINESSOWNERS item if there is a total loss to that item. If there is a partial loss to an item we will pay the cost of rea sonably restoring or repairing that item. For fine arts without a schedule on file as described in Paragraph a above the value of fine arts will be the least of the following amounts i Market value of the lost or damaged item at the time and place of loss ii The cost of reasonably re storing the lost or damaged item or iii The cost of replacing that lost or damaged item with prop erty substantially the same. 6 Glass at the cost of replacement with safety glazing material if required by law. 7 Tenants Improvements and Better ments at a Replacement cost if you make repairs promptly. b A proportion of your original cost if you do not make repairs promptly. We will determine the proportionate value as follows i Multiply the original cost by the number of days from the loss or damage to the expira tion of the lease and ii Divide the amount deter mined in Paragraph i above by the number of days from the installation of improve ments to the expiration of the lease. If your lease contains a re newal option the expiration of the renewal option period will replace the expiration of the lease in this procedure. c Nothing if others pay for repairs or replacement. 8 Valuable Papers and Records at the cost of restoration or replace ment. To the extent that the contents of the valuable papers and records b are not restored or replaced the valuable papers and records will be valued at the cost of replacement with blank material of substantially identical type. Stock you have sold but not deliv ered at the selling price less dis counts and expenses you otherwise would have had. 10 Property in transit other than stock you have sold at the amount of in voice including your prepaid or ad vanced freight charges and other charges which may have accrued or become legally due from you since the shipment. If you have no invoice actual cash value will apply. 11 Money at its face value. 12 Securities at their value at the close of business on the day the loss is dis covered. 13 Accounts Receivable as follows a If you can not accurately establish the amount of Accounts Receiv able outstanding as of the time of loss we will i Determine the total of the av erage monthly amounts of Accounts Receivable for the 12 months immediately pre ceding the month in which the loss occurs and ii Adjust that total for any nor mal fluctuations in the amount for Accounts Receiv able for the month in which the loss occurred or for any demonstrated variance from the average for that month. b If you can accurately establish the amount of Accounts Receiv able outstanding that amount will be used in the determination of loss. c The following will be deducted from the total amount of Accounts Receivable however that amount is established i The amount of the accounts for which there was no loss Page 30 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 213 of 391 | 2 |
BUSINESSOWNERS 14 15 16 7 ii The amount of the accounts that you are able to re establish or collect i An amount to allow for prob able bad debts that you are normally unable to collect and iv All unearned interest and service charges. Electronic Data Processing Equip ment at replacement cost as of the time and place of loss without deduc tion for physical deterioration depre ciation obsolescence or depletion. However in the event replacement of Electronic Data Processing Equip ment with identical property is im possible the replacement cost will be the cost of items that are similar to the damaged or destroyed equipment and intended to perform the same function but which may include tech nological advances. Electronic Data Processing Equip ment that is obsolete or no longer used by you will be valued at actual cash value. Electronic Data Processing Data and Media for which duplicates do not exist will be valued as follows a The cost of blank media and b Your cost to research replace or restore the lost electronic data on lost damaged or destroyed Electronic Data Processing Data and Media but only if the lost electronic data is actually re placed or restored. Duplicate Electronic Data Process ing Data and Media at the cost of a Blank media and b Labor to copy the electronic data but only if the electronic data is actually copied. The value of United States Govern ment Internal Revenue taxes and custom duties and refundable state and local taxes paid or fully deter mined on the following property held for sale will not be considered in de termining the value of Covered Prop erty a Distilled spirits b Wines c Rectified products or d Beer. 18 Lottery tickets at their initial cost to you except for winning tickets at their redeemed value. f. Our payment for loss of or damage to personal property of others will only be for the account of the owners of the property. We may adjust losses with the owners of lost or damaged property if other than you. If we pay the owners such pay ments will satisfy your claims against us for the owners property. We will not pay the owners more than their financial in terest in the Covered Property. g. We have the right but not the duty to de fend you against suits arising from claims of owners of property. We will do so at our expense. h. We will pay for covered loss or damage within 30 days after we receive the sworn proof of loss provided you have complied with all of the terms of this policy and 1 We have reached agreement with you on the amount of loss or 2 An appraisal award has been made. i. At our option we may make a partial payment toward any claim subject to the policy provisions and our normal adjust ment process. To be considered for par tial claim payment you must submit a partial sworn proof of loss with supporting documentation. Any applicable policy de ductibles must be satisfied before any partial payments are made. 5. Loss Payment Business Income and Ex tra Expense a. The amount of Business Income loss will be determined based on 1 The Net Income of the business be fore the direct physical loss or dam age occurred 2 The likely Net Income of the business if no physical loss or damage oc curred but not including any likely in crease in Net Income attributable to MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 31 of 39 TRAVELERS DOC MGMT Page 214 of 391 | 2 |
BUSINESSOWNERS an increase in the volume of business as a result of favorable business conditions caused by the impact of the Covered Cause of Loss on cus tomers or on other businesses The operating expenses including payroll expenses necessary to re sume operations with the same quality of service that existed just be fore the direct physical loss or dam age and Other relevant sources of information including a Your financial records and ac counting procedures b Bills invoices and other vouch ers and c Deeds liens or contracts. b. The amount of Extra Expense will be de termined based on 1 All reasonable and necessary ex penses that exceed the normal oper ating expenses that would have been incurred by operations during the period of restoration if no direct physical loss or damage had oc curred. We will deduct from the total of such expenses a The salvage value that remains of any property bought for tempo rary use during the period of res toration once operations are resumed and Any Extra Expense that is paid for by other insurance except for insurance that is written subject to the same plan terms condi tions and provisions as this in surance and All reasonable and necessary ex penses that reduce the Business In come loss that otherwise would have been incurred. c. We will reduce the amount of your 1 Business Income loss other than Ex tra Expense to the extent you can resume your operations in whole or in part by using damaged or undam aged property including stock at 3 4 b 2 the described premises or elsewhere or 2 Extra Expense loss to the extent you can return operations to normal and discontinue such Extra Expense. d. If you do not resume operations or do not resume operations as quickly as possible we will pay based on the length of time it would have taken to resume operations as quickly as possible. e. We will pay for covered loss or damage within 30 days after we receive your sworn proof of loss provided you have complied with all of the terms of this pol icy and 1 We have reached agreement with you on the amount of loss or 2 An appraisal award has been made. 6. Recovered Property If either you or we recover any property after loss settlement that party must give the other prompt notice. At your option you may retain the property. But then you must return to us the amount we paid to you for the property. We will pay the recovery expenses and the expenses to repair the recovered property subject to the applicable Limit of Insurance. Noncumulative Limit No Limit of Insurance cumulates from policy period to policy period. F. COMMERCIAL PROPERTY CONDITIONS 1. Concealment Misrepresentation or Fraud This Coverage Form is void in any case of fraud by you. It is also void if you or any other insured at any time intentionally conceal or misrepresent a material fact concerning a. This Coverage Form b. The Covered Property c. Your interest in the Covered Property or d. A claim under this Coverage Form. Control of Property Any act or neglect of any person other than you beyond your direction or control will not affect this insurance. The breach of any condition of this Coverage Form at any one or more premises will not af fect coverage at any premises where at the time of loss or damage the breach of condi tion does not exist. Page 32 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 215 of 391 | 2 |
BUSINESSOWNERS Insurance Under Two or More Coverages If two or more coverages under this Coverage Form apply to the same loss or damage we will not pay more than the actual amount of the loss or damage. Legal Action Against Us No one may bring a legal action against us under this Coverage Form unless a. There has been full compliance with all of the terms of this Coverage Form and b. The action is brought within 2 years after the date on which the direct physical loss or damage occurred. Liberalization If we adopt any revision that would broaden the coverage under this Coverage Form with out additional premium within 45 days prior to or during the policy period the broadened coverage will immediately apply to this Cov erage Form. No Benefit to Bailee No person or organization other than you having custody of Covered Property wl benefit from this insurance. Other Insurance a. You may have other insurance subject to the same plan terms conditions and pro visions as the insurance under this Cov erage Form. If you do we will pay our share of the covered loss or damage. Our share is the proportion that the applicable Limit of Insurance under this Coverage Form bears to the Limits of Insurance of all insurance covering on the same basis. b. If there is other insurance covering the same loss or damage other than that de scribed in Paragraph a. above we will pay only for the amount of covered loss or damage in excess of the amount due from that other insurance whether you can collect on it or not. But we will not pay more than the applicable Limit of Insur ance. Policy Period Coverage Territory Under this Coverage Form a. We cover loss or damage you sustain through acts committed or events occur ring 1 During the policy period shown in the Declarations and 9. 10. 2 Within the coverage territory and b. The coverage territory is 1 The United States of America includ ing its territories and possessions 2 Puerto Rico and 3 Canada. Transfer of Rights of Recovery Against Others to Us. If any person or organization to or for whom we make payment under this Coverage Form has rights to recover damages from another those rights are transferred to us to the extent of our payment. That person or organization must do everything necessary to secure our rights and must do nothing after loss to impair them. But you may waive your rights against another party in writing a. Prior to a loss to your Covered Property or Covered Income or b. After a loss to your Covered Property or Covered Income only if at time of loss that party is one of the following 1 Someone insured by this insurance 2 Abusiness firm a Owned or controlled by you or b That owns or controls you or 3 Your tenant. This will not restrict your insurance. Coinsurance If a Coinsurance percentage is shown in the Declarations the following condition applies. a. We will not pay the full amount of any loss if the value of Covered Property at the time of loss multiplied by the Coinsur ance percentage shown for it in the Dec larations is greater than the Limit of In surance for the property. Instead we will determine the most we will pay using the following steps 1 Multiply the value of Covered Prop erty at the time of loss by the Coin surance percentage 2 Divide the Limit of Insurance of the property by the figure determined in step 1 3 Multiply the total amount of the cov ered loss before the application of MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 33 of 39 TRAVELERS DOC MGMT Page 216 of 391 | 2 |
BUSINESSOWNERS 2 Additional Coverages 3 Coverage Extensions or 4 Loss or damage in any one occur rence totaling less than 2500. 11. Mortgageholders a. The term mortgageholder includes trus tee. b. We will pay for covered loss of or damage to buildings or structures to each mort gageholder shown in the Declarations in their order of precedence as interests may appear. c. The mortgageholder has the right to re ceive loss payment even if the mortgage holder has started foreclosure or similar action on the building or structure. d. If we deny your claim because of your acts or because you have failed to com ply with the terms of this Coverage Form the mortgageholder will still have the right to receive loss payment if the mortgage holder 1 Pays any premium due under this Coverage Form at our request if you have failed to do so 2 Submits a signed sworn proof of loss within 60 days after receiving notice from us of your failure to do so and 3 Has notified us of any change in ownership or occupancy or substan tial change in risk known to the mort gageholder. All of the terms of this Coverage Form will then apply directly to the mortgageholder. e. If we pay the mortgageholder for any loss or damage and deny payment to you be cause of your acts or because you have failed to comply with the terms of this Coverage Form 1 The mortgageholder s rights under the mortgage will be transferred to us to the extent of the amount we pay and 2 The mortgageholder s rights to re cover the full amount of the mort gageholder s claim will not be im paired. At our option we may pay to the mortgageholder the whole principal on the mortgage plus any accrued in any deductible by the figure deter mined in step 2 and 4 Subtract the deductible from the fig ure determined in step 3. We will pay the amount determined in step 4 or the limit of insurance which ever is less. For the remainder you will either have to rely on other insurance or absorb the loss yourself. Example No. 1 Under insurance When The value of the property is 250000 The Coinsurance percent foritis 90 The Limit of Insurance for itis 112500 The Deductible is 250 The amount of loss is 40000 Step 1 250000 x 90 225000 the minimum amount of insurance to meet your Coinsurance requirements Step 2 112500225000.50 Step 3 40000 x.50 20000 Step 4 20000 250 19750 We will pay no more than 19750. The remaining 20250 is not covered. Example No. 2 Adequate Insurance When The value of the property is 250000 The Coinsurance percentage foritis 90 The Limit of Insurance for itis 225000 The Deductible is 250 The amount of loss is 40000 The minimum amount of insurance to meet your Coinsurance requirement is 225000 250000 x 90. Therefore the Limit of Insurance in this Example is adequate and no penalty ap plies. We will pay no more than 39750 40000 amount of loss minus the de ductible of 250. Coinsurance does not apply to 1 Money and securities Page 34 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 217 of 391 | 2 |
BUSINESSOWNERS f. terest. In this event your mortgage and note will be transferred to us and you will pay your remaining mortgage debt to us. If we cancel this policy we will give writ ten notice to the mortgageholder at least 1 10 days before the effective date of cancellation if we cancel for your non payment of premium or 2 30 days before the effective date of cancellation if we cancel for any other reason. If we elect not to renew this policy we will give written notice to the mortgageholder at least 10 days before the expiration date of this policy. G. PROPERTY DEFINITIONS Banking Premises means the interior of that portion of any building which is occupied by a banking institution or similar safe deposi tory. Breakdown 1. a. Means 1 Failure of pressure or vacuum equip ment 2 Mechanical failure including rupture or bursting caused by centrifugal force or 3 Electrical failure including arcing that causes physical damage to covered equipment and necessitates its repair or replacement and Does not mean 1 Malfunction including but not limited to adjustment alignment calibration cleaning or modification 2 Leakage at any valve fitting shaft seal gland packing joint or connec tion 3 Damage to any vacuum tube gas tube or brush 4 Damage to any structure or founda tion supporting the covered equip ment or any of its parts 5 The functioning of any safety or pro tective device or 6 The cracking of any part on any in ternal combustion gas turbine ex posed to the products of combustion. 3. Communication Supply Services a. b. Means property supplying communication services including telephone radio mi crowave or television services to the de scribed premises such as 1 Communication transmission lines including fiber optic transmission lines 2 Coaxial cables and 3 Microwave radio relays except satel lites and Does not mean overhead transmission lines. 4. Covered Equipment a. Means the following types of equipment 1 Equipment designed and built to op erate under internal pressure or vac uum other than weight of contents 2 Electrical or mechanical equipment that is used in the generation trans mission or utilization of energy 3 Fiber optic cable and 4 Hoists and cranes Does not mean any 1 Electronic Data Processing Equip ment Electronic Data Processing Data and Media 3 Part of pressure or vacuum equip ment that is not under internal pres sure of its contents or internal vac uum Insulating or refractory material Pressure vessels and piping that are buried below ground and require the excavation of materials to inspect remove repair or replace Structure foundation cabinet or com partment supporting or containing the covered equipment or part of the covered equipment including pen stock draft tube or well casing Vehicle aircraft self propelled equip ment or floating vessel including any 2 4 5 6 7 MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 35 of 39 TRAVELERS DOC MGMT Page 218 of 391 | 2 |
BUSINESSOWNERS b. Does not mean equipment used to oper ate production type of 1 Machinery or 2 Equipment. 8. Electronic Vandalism means any acts by persons other than employees involving any of the following a. Willful or malicious destruction of com puter programs content instructions or other electronic or digital data stored within computer systems or b. Unauthorized computer code or pro gramming that 1 Deletes distorts corrupts or manipu lates computer programs contents instructions or other electronic or digi tal data or otherwise results in dam age to computers or computer sys tems or networks to which is intro duced Replicates itself impairing the per formance of computers or computer systems or networks or Gains remote control access to data and programming within computers or computers systems or networks to which it is introduced for uses other than those intended for authorized users of the computers or computer systems or networks. 9. Employees a. Means 1 Any natural person a While in your service and for 30 days after termination of service b Whom you compensate directly by salary wages or commissions and c Whom you have the right to direct and control while performing ser vices for you Any natural person employed by an employment contractor while that person is subject to your direction and control and performing services for you excluding however any such person while having care and custody of property outside the premises or 2 3 2 equipment mounted on or used solely with any vehicle aircraft self propelled equipment or floating ves sel Elevator or escalator but not exclud ing any electrical machine or appara tus mounted on or used with this equipment or 9 Equipment or any part of such equip ment manufactured by you for sale. 5. Diagnostic Equipment means any a. Equipment or b. Apparatus used solely for research diagnostic medical surgical therapeutic dental or pathological purposes. 6. Electronic Data Processing Data and Me dia a. Means any of the following used in your computer operations 1 Data stored as or on created or used 2 3 on or transmitted to or from com puter software including systems and applications on electronic data processing recording or storage me dia such as hard or floppy disks CD ROMS tapes drives cells data processing devices or any other re positories of computer software which are used with electronically controlled equipment The electronic media on which the data is stored and Programming records and instruc tions used for Electronic Data Proc essing Equipment and b. Does not mean Valuable Papers and Records. 7. Electronic Data Processing Equipment a. Means any of the following equipment used in your operations 1 Electronic data processing equip 2 ment facsimile machines word proc essors multi functional telephone equipment and laptop and portable computers and Any component parts and peripherals of such equipment including related surge protection devices and Page 36 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 219 of 391 | 2 |
BUSINESSOWNERS 15. 16. 17. 18. 19. Manager means a person serving in a di rectorial capacity for a limited liability com pany. Member means an owner of a limited liabil ity company represented by its membership interest who also may service as a man ager. Money means currency and coins in cur rent use bank notes travelers checks regis ter checks and money orders held for sale to the public. Operations means your business activities occurring at the described premises and the tenantability of the described premises. Period of Restoration a. Means the period of time that 1 Begins i For Business Income coverage a With the date of direct physi cal loss or damage if the Declarations show Immedi ately for Period of Restora tion Time Period or b 72 hours after the time of di rect physical loss or damage if the Declarations show 72 hours for Period of Restora tion Time Period or ii For Extra Expense coverage with the date of direct physical loss or damage caused by or resulting from any Cov ered Cause of Loss at the described premises and 2 Ends on the earlier of The date when the property at the described premises should be repaired rebuilt or replaced with reasonable speed and similar quality or ii The date when business is re sumed at a new permanent loca tion and b. Does not mean any increased period re quired due to the enforcement of any law that 1 Regulates the construction use or repair or requires the tearing down of any property or 10. 1. 12 13. 14. 3 Your directors or trustees while acting as a member of any of your elected or appointed committees to perform on your behalf specific as distin guished from general directorial acts and b. Does not mean any agent broker person leased to you by a labor leasing firm fac tor commission merchant consignee in dependent contractor or representative of the same general character. Employee Dishonesty means only dis honest acts committed by an employee whether identified or not acting alone or in collusion with other persons except you a partner a member or a manager with the manifest intent to a. Cause you to sustain loss and also b. Obtain financial benefit other than sala ries commissions fees bonuses promo tions awards profit sharing pensions or other employee benefits earned in the normal course of employment for 1 The employee or 2 Any person or organization intended by the employee to receive that benefit. Fine Arts a. Means paintings etchings pictures tap estries art glass windows valuable rugs statuary marbles bronzes antique furni ture rare books antique silver porce lains rare glass bric a brac and similar property with historical value or artistic merit and b. Does not mean any glass that is part of a building or structure. Forgery means the signing of the name of another person or organization with intent to deceive. Forgery does not mean a signature which consists in whole or in part of one s own name signed with or without authority in any capacity for any purpose. Interior of any building or structure means all portions of the building or structure that are within the exterior facing surface ma terial of the building or structure. Maintenance Fees means the regular payment made to you by unit owners and used to service the common property. MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 37 of 39 TRAVELERS DOC MGMT Page 220 of 391 | 2 |
BUSINESSOWNERS 24 25. 26. b. Includes covered equipment that is used solely with or forms an integral part of the 1 Production 2 Process or 3 Apparatus. Rental Value means Business Income that consists of a. NetIncome Net Profit or Loss before in come taxes that would have been earned or incurred as rental income from tenant occupancy of the premises de scribed in the Declarations as furnished and equipped by you including the fair rental value of any portion of the de scribed premises which is occupied by you and b. Continuing normal operating expenses incurred in connection with that premises including 1 Payroll and 2 The amount of charges which are the legal obligation of the tenants but would otherwise be your obligations. Securities means all negotiable and non negotiable instruments or contracts repre senting either money or other property and includes revenue or other stamps in current use tokens tickets and credit card slips for sales made by you and held by you for reim bursement from companies issuing credit cards but does not include money. Lottery tickets held for sale are not securities. Specified Causes of Loss means the fol lowing Fire lightning explosion windstorm or hail smoke aircraft or vehicles riot or civil com motion vandalism leakage from fire extin guishing equipment sinkhole collapse vol canic action falling objects weight of snow ice or sleet water damage. a. Sinkhole collapse means the sudden sinking or collapse of land into under ground empty spaces created by the ac tion of water on limestone or dolomite. This cause of loss does not include 1 The cost of filling sinkholes or 2 Sinking or collapse of land into un derground man made cavities. 2 Requires any insured or others to test for monitor clean up remove con tain treat detoxify or neutralize or in any way respond to or assess the ef fects of pollutants. The expiration date of this policy will not cut short the period of restoration. 20. Pollutants means any solid liquid gase ous or thermal irritant or contaminant includ ing smoke vapor soot fumes acids alkalis chemicals waste and any unhealthful or hazardous building materials including but not limited to asbestos and lead products or materials containing lead. Waste includes materials to be recycled reconditioned or re claimed. 21. Power Generating Equipment a. Means the following types of equipment or apparatus 1 Pressure 2 Mechanical or 3 Electrical used in or associated with the generation of electric power and b. Does not mean such equipment that is used solely to generate emergency power that is less than or equal to 1000KW. 22. Power Supply Services a. Means the following types of property supplying electricity steam or gas to the described premises 1 Utility generating plants 2 Switching stations 3 Substations 4 Transformers and 5 Transmission lines and b. Does not mean overhead transmission lines. 23. Production Equipment a. Means any 1 Production machinery or 2 Process machinery that processes shapes forms or grinds 1 Raw materials 2 Materials in process or 3 Finished products and Page 38 of 39 Copyright The Travelers Indemnity Company 2004 MP T1 02 02 05 TRAVELERS DOC MGMT Page 221 of 391 | 2 |
BUSINESSOWNERS 27. 28. 29. 30. b. Falling objects does not include loss of or damage to 1 Personal Property in the open or 2 The interior of a building or struc ture or property inside a building or structure unless the roof or an out side wall of the building or structure is first damaged by a falling object. c. Water damage means accidental dis charge or leakage of water or steam as the direct result of the breaking apart or cracking of any part of a system or appli ance other than a sump system including its related equipment and parts that is lo cated on the described premises and contains water or steam. Stock means merchandise held in storage or for sale raw materials and in process or finished goods including supplies used in their packing or shipping. Suspension means a. The partial or complete cessation of your business activities or b. That a part or all of the described prem ises is rendered untenantable. Theft means any act of stealing. Vacant means the following 1 When this policy is issued to a tenant and with respect to that tenant s interest in Covered Property building means the unit or suite rented or leased to the ten 2 ant. Such building is vacant when it does not contain enough business personal property to conduct customary opera tions. When this policy is issued to the owner or general lessee of a building building means the entire building. Such building is vacant unless at least 31 of its total square footage is a Rented to a lessee or sub lessee and used by the lessee or sub lessee to conduct its customary operations or b Used by the building owner to con duct customary operations. 31. Valuable Papers and Records a. Means inscribed printed or written 1 Documents 2 Manuscripts or 3 Records including abstracts books deeds draw ings films maps or mortgages and Does not mean money or securities or Electronic Data Processing Data and Media. 32. Water Supply Services means the follow ing types of property supplying water to the described premises Pumping stations and b. Water mains. MP T1 02 02 05 Copyright The Travelers Indemnity Company 2004 Page 39 of 39 TRAVELERS DOC MGMT Page 222 of 391 | 2 |
ICY NUMBER 680 8M849912 18 42 BUSINESSOWNERS ISSUE DATE 11132018 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. Power Pac Premier Endorsement POLICY NUMBER 680 8M849912 18 42 This endorsement modifies insurance provided under the following BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM SCHEDULE Computer Fraud and Funds Transfer Fraud Limit of Insurance 10000 The BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM is changed as follows 1. The following Additional Coverage is added to paragraph A.6. Blanket Coverage Limit of Insurance We will pay up to 250000 in any one occurrence as a Blanket Coverage Limit of Insurance for the sum of all covered loss at each described prem ises under the coverages described in para graphs a. through d. below. You may apportion this limit among these coverages as you choose. Unless otherwise stated this Blanket Coverage Limit of Insurance is in addition to any other Limit of Insurance that may be provided by this policy for the following coverages. a. Accounts Receivable Within the Blanket Coverage Limit of Insur ance when a Limit of Insurance is shown in the Declarations for Business Personal Prop erty at the described premises we will pay for direct physical loss of or damage to your re cords of accounts receivable including those on electronic data processing media on or away from each described premises includ ing while in transit caused by or resulting from a Covered Cause of Loss. Credit card company media will be considered accounts receivable until delivered to the credit card company. This coverage applies as described in Para graphs A.7.a.2 and A.7.a.3 and is subject to the provisions that apply to those Para graphs. b. Excess Debris Removal 1 Within the Blanket Coverage Limit of In surance we will pay your expense to re move debris of Covered Property other than outdoor trees shrubs plants and lawns as described in the Outdoor Trees Shrubs Plants and Lawns Coverage Ex tension caused by or resulting from a Covered Cause of Loss that occurs dur ing the policy period. The expenses will be paid only if they are reported to us in writing within 180 days of the date of di rect physical loss or damage. 2 Debris Removal does not apply to costs to aExtract pollutants from land or water or bRemove restore or replace polluted land or water. 3 When the debris removal expense ex ceeds the 25 limitation in Additional Coverage Debris Removal in Section A.6.c.3 or when the sum of the debris removal expense and the amount we pay for the direct physical loss of or damage to Covered Property exceeds the applica ble Limit of Insurance we will pay up to the Blanket Coverage Limit of Insurance for debris removal expense in any one occurrence at each described premises. c. Spoilage Coverage 1 Within the Blanket Coverage Limit of In surance when a Limit of Insurance is shown in the Declarations for Business Personal Property at the described prem ises you may extend that insurance to apply to direct physical loss of or damage to Perishable Stock caused by or result ing from a covered cause of loss de scribed in Paragraph 3 below and not excluded in Paragraph 4 below. 2015 The Travelers Indemnity Company. Al rights reserved. Page 1 of 16 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 223 of 391 MP T3 63 03 15 | 2 |
BUSINESSOWNERS tional Coverage does not apply ble Stock while located lildings open or licles. ect to this Additional Cover red cause of loss means the down or Contamination ing hange in temperature or hu idity resulting from mechani al breakdown or failure of re igerating cooling or humidity ontrol apparatus or equip ent only while such equip lent or apparatus is at the escribed premises or ontamination by a refriger nt only while the refrigerat g apparatus or equipment is the described premises or r Outage meaning change in rature or humidity resulting complete or partial interruption ctrical power either on or off scribed premises due to con s beyond your control. nving exclusions apply to this Coverage ill not pay for loss or damage d directly or indirectly by any following regardless of any cause or event that contrib concurrently or in any se e to the loss lanual disconnecting of any frigeration cooling heating r humidity control system om the source of electric ower erminating of electric power ue to throwing or turning off ny switch or other device sual to the shutting off of ectric power on the de cribed premises or tentional decision of an elec ic utility company or other ource of electric power not to rovide sufficient power or the 2015 The Travelers Indemnity Company. All rights reserved. inability of such company or source to provide sufficient power due to lack of fuel governmental order or lack of generating capacity to meet the demand. b Paragraph B.1.b. Earth Movement c Paragraph B.1.c. Govern mental Action d Paragraph B.1.d. Nuclear Hazard e Paragraph B.1.f. War and Military Action f Paragraph B.1.g. Water and g Paragraph B.1.h. Neglect. No other exclusions in Paragraph B. Exclusions apply to this Additional Cov erage. However if any exclusions are added by endorsement to this Coverage Form such exclusions will apply to this Additional Coverage. With respect to this Additional Cover age Perishable Stock means personal property a Maintained under controlled condi tions for its preservation and 5 b Susceptible to loss or damage if the controlled temperature or humidity conditions change. Valuable Papers and Records Within the Blanket Coverage Limit of Insur ance when a Limit of Insurance is shown in the Declarations for Business Personal Prop erty at the described premises we will pay for direct physical loss of or damage to valua ble papers and records that a You own or b Are owned by others but in your care custody or control caused by or resulting from a Covered Cause of Loss. This coverage applies as described in Para graphs A.7.s.2 and A.7.s.3 and is subject to the provisions that apply to those Para graphs. With respect to property of others covered under this Additional Coverage the owner may have other insurance covering the same MP T3 63 03 15 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 224 of 391 2 This Additional Coverage does not apply to Perishable Stock while located a On buildings b In the open or c In vehicles. With respect to this Additional Cover age covered cause of loss means the following 3 a Breakdown or Contamination meaning i Change in temperature or hu midity resulting from mechani cal breakdown or failure of re frigerating cooling or humidity control apparatus or equip ment only while such equip ment or apparatus is at the described premises or ii Contamination by a refriger ant only while the refrigerat ing apparatus or equipment is at the described premises or b Power Outage meaning change in temperature or humidity resulting from complete or partial interruption of electrical power either on or off the described premises due to con ditions beyond your control. The following exclusions apply to this Additional Coverage a We will not pay for loss or damage caused directly or indirectly by any of the following regardless of any other cause or event that contrib utes concurrently or in any se quence to the loss i Manual disconnecting of any refrigeration cooling heating or humidity control system from the source of electric power ii Terminating of electric power due to throwing or turning off any switch or other device usual to the shutting off of electric power on the de scribed premises or iii Intentional decision of an elec tric utility company or other source of electric power not to provide sufficient power or the Page 2 of 16 reserved. with its permission. | 2 |
BUSINESSOWNERS property as this insurance. This insurance is intended to be primary and not to contribute with such other insurance. With respect to Extended Business Income the time frame referenced in Paragraph A.3.c.2b is increased from sixty consecutive days to ninety consecutive days. The limit applicable to the Additional Coverage Arson and Theft Reward is increased by 25000. The limit applicable to the Additional Coverage Claim Data Expense is increased from 5000 to 25000. The limit applicable to the Additional Coverage Newly Acquired or Constructed Property for Building is increased from 500000 to 1000000. The limit applicable to the Additional Coverage Newly Acquired or Constructed Property for Business Personal Property is increased from 250000 to 500000. With respect to the Additional Coverage Ordi nance or Law coverage is extended to include tenant improvements and betterments as de scribed in Paragraph A.1.b.3 if 1 You are a tenant and 2 A Limit of Insurance is shown in the Declara tions for Business Personal Property at the described premises. The limit applicable to the Additional Coverage Outdoor Trees Shrubs Plants and Lawns is increased from 3000 to 5000. The following Additional Coverages are added to Paragraph A.6. a. Brands or Labels If a limit of insurance is shown in the Declara tions for Business Personal Property and if branded or labeled merchandise that is Cov ered Property is damaged by a Covered Cause of Loss we may take all or part of the property at an agreed or appraised value. If S0 you may 1 Stamp the word Salvage on the merchan dise or its containers if the stamp will not physically damage the merchandise or 2 Remove the brands and labels if doing so will not physically damage the mer chandise or its containers to comply with the law. We will pay reasonable costs you incur to perform the activity described in Paragraphs 1 and 2 above. Payments under this Additional Coverage are subject to and not in addition to the applicable Limits of Insurance. b. Contract Penalty Clause 1 We will pay contract penalties you incur 2 as a result of your failure to deliver your products or services within the time re quired under the terms of a written con tract. But this Additional Coverage only applies if the failure is solely due to direct physical loss of or damage to property at the described premises caused by or re sulting from a Covered Cause of Loss. The most we will pay under this Addition al Coverage is 1000 for the sum of all covered contract penalties arising out of all Covered Causes of Loss occurring during each separate 12 month period of this policy beginning with the effective date of this endorsement. c. Identity Fraud Expense 1 We will pay for Expenses incurred by an 2 Insured Person as a direct result of any one Identity Fraud first discovered or learned of by such Insured Person during the policy period. Any act or series of acts committed by one or more persons or in which such person or persons are aiding or abetting others against an Insured Person is con sidered to be one Identity Fraud even if a series of acts continues into a subse quent policy period. With respect to this Additional Coverage a Expenses means i Costs for notarizing affidavits or similar documents attesting to fraud required by financial institutions or similar credit grantors or credit agencies ii Costs for certified mail to law enforcement agencies credit agencies financial institutions or similar credit grantors Lost income resulting from a Time taken off work to com plete fraud affidavits or 2015 The Travelers Indemnity Company. Al rights reserved. Page 3 of 16 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 225 of 391 MP T3 63 03 15 | 2 |
BUSINESSOWNERS b Meeting with or talking to law enforcement agencies credit agencies or legal counsel up to a total payment of 5000 subject to a maximum of 200 per day iv Loan application fees for reap plying for a loan or loans when the original application is re jected solely because the lend er received incorrect credit in formation v Reasonable attorney fees to a Defend lawsuits brought against an Insured Person by merchants vendors suppli ers financial institutions or their collection agencies b Remove any criminal or civil judgments wrongly entered against an Insured Person or c Challenge the accuracy or completeness of any informa tion in a consumer credit re port vi Charges for long distance tele phone calls to a Merchants b Law enforcement agencies c Financial institutions or simi lar credit grantors or d Credit agencies or vii Reasonable fees for professio nal financial advice or professio nal credit advice. b Identity Fraud means The act of knowingly transferring or using without lawful authority a means of identification of an Insured Person with the intent to commit or 3 ii For partnerships Any individual that is a partner of the Named Insured shown in the Declarations iii For corporations or any other type of organization The Chief Executive Officer and any individual who has an owner ship interest of at least 20 of the Named Insured shown in the Declarations or iv For religious institutions The individual who is the senior pastoral employee of the Named Insured shown in the Declarations. The following additional exclusions apply to this Additional Coverage We will not pay for a Expenses incurred due to any fraudu lent dishonest or criminal act by i An Insured Person ii Any person aiding or abetting an Insured Person or iii Any authorized representative of an Insured Person whether acting alone or in collusion with others b Expenses incurred that are not re lated to the identity of an individual or c Loss other than Expenses. Account balances which arise out of fraudu lent or unauthorized charges would be one example of Loss other than Expenses. d An Identity Fraud discovered during such time that an individual was not an Insured Person. to aid or abet another to commit any 4 This Additional Coverage does not apply unlawful activity that constitutes a vi to Expenses otherwise covered under the olation of federal law or a felony Unauthorized Business Card Use Addi under any applicable state or local tional Coverage. law and 5 Regardless of the amount of the Busi c Insured Person means nessowners Property Coverage Deducti. i ble shown in the Declarations the most i For sole proprietorships we will deduct from any claim for Ex The individual who is the sole penses under this Additional Coverage proprietor of the Named Insured for any one Identity Fraud is 250. shown in the Declarations 6 The most we will pay under this Additional 16 2015 The Travelers Indemnity Company. Al rights reserved. MP T3 6303 15 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 226 of 391 Page 4 of 16 nission. | 2 |
BUSINESSOWNERS 7 Coverage is 15000 for the sum of all covered Expenses arising out of all Iden tity Fraud against an Insured Person dis covered during each separate 12 month period of this policy beginning with the ef fective date of this endorsement. In order for coverage to be provided under this Additional Coverage you must Send to us within 60 days after our re quest receipts bills or other records that support your claim for Expenses under Identity Fraud coverage. d. Lease Assessment 1 When a Limit of Insurance is shown in the 2 Declarations for Business Personal Prop erty at the described premises we will pay for your share of any assessment charged a To all tenants by the building owner b Pursuant to a written lease agree ment and c As a result of direct physical loss or damage by a Covered Cause of Loss to building property you occupy. The most we will pay for loss under this Additional Coverage is 2500 in any one occurrence. e. Lost Key Consequential Loss 1 We will pay for consequential loss to keys 2 and locks if a master key to buildings rooms or compartments that are Covered Property or house Covered Property at the described premises is lost or dam aged from a Covered Cause of Loss. We will pay for the necessary costs you incur to a Replace keys and b Either i Readjust existing locks to accept new keys or ii Replace existing locks but only if necessary or less expensive than the cost of adjusting the existing locks. Paragraph B.2.h. does not apply to this Additional Coverage except with respect to dishonest or criminal act by you or any of your partners directors or trustees. 3 Paragraph B.2.m. does not apply to this is 15000 for the sum of all xpenses arising out of all Iden against an Insured Person dis luring each separate 12 month this policy beginning with the ef te of this endorsement. for coverage to be provided is Additional Coverage you is within 60 days after our re eipts bills or other records that our claim for Expenses under raud coverage. sment imit of Insurance is shown in the ns for Business Personal Prop e described premises we will our share of any assessment tenants by the building owner ant to a written lease agree and result of direct physical loss or ge by a Covered Cause of Loss Iding property you occupy. we will pay for loss under this Coverage is 2500 in any one e. 1sequential Loss y for consequential loss to keys if a master key to buildings compartments that are Covered or house Covered Property at ibed premises is lost or dam 1 a Covered Cause of Loss. We r the necessary costs you incur ce keys and eadjust existing locks to accept ew keys or eplace existing locks but only if ecessary or less expensive than e cost of adjusting the existing cks. 1 B.2.h. does not apply to this Coverage except with respect st or criminal act by you or any rtners directors or trustees. 1 B.2.m. does not apply to this 2015 The Travelers Indemnity Company. All rights reserved. f. 10. Additional Coverage. 4 The most we will pay for loss or damage under this Additional Coverage is 2500 at each described premises. Unauthorized Business Card Use 3 We will pay for your loss of money or charges and costs you incur that result directly from the unauthorized use of credit debit or charge card accounts is sued in your business name including a Fund transfer cards b Charge plates or c Telephone cards. With respect to this Additional Coverage occurrence means an act or series of re lated acts involving one or more persons or an act or event or a series of related acts or events not involving any person is considered one occurrence. The most we will pay under this Addition al Coverage in any one occurrence is 5000 regardless of the number of premises involved. Utility Services Direct Damage 3 4 We will pay for loss of or damage to Cov ered Property caused by the interruption of services to the described premises. The interruption must result from direct physical loss or damage by a Covered Cause of Loss to the following property not on the described premises a Water Supply Services b Communication Supply Services or c Power Supply Services. With respect to this Additional Coverage Paragraphs G. and G.22.b are de leted. The most we will pay for loss or damage under this Additional Coverage is 25000 at each described premises but we will not pay more than 100000 in any one occurrence regardless of the number of premises involved. Payments under this Additional Coverage are subject to and not in addition to the applicable Limit of Insurance. The following Additional Coverage is added but only with respect to described premises to which no Ordinance or Law Coverage A ap plies other than as provided under Paragraph Page 5 of 16 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 227 of 391 MP T3 6303 15 nission. | 2 |
BUSINESSOWNERS r Law Coverage A Cover to the Undamaged Portion of t of Insurance is shown in the ons for Building in the event of by a Covered Cause of Loss we for loss in value of the undam tion of the building as a conse of enforcement of the minimum ents of any ordinance or law iires the demolition of undam ts of the same building. rage provided by this Additional apply only if both 2a and satisfied and are then subject lifications set forth in 3. rdinance or law egulates the demolition con ruction or repair of buildings or stablishes zoning or land use re uirements at the described remises and in force at the time of loss. age under this Additional Cover 2s only in response to the mini uirements of the ordinance or es and costs incurred in comply ecommended actions or stand exceed actual requirements are ed under this Additional Cover he building sustains direct phys al damage that is covered nder this policy and such dam ge results in enforcement of the rdinance or law or he building sustains both direct hysical damage that is covered nder this policy and direct physi 2l damage that is not covered nder this policy and the building amage in its entirety results in nforcement of the ordinance or w. ut if the building sustains direct hysical damage that is not cov red under this policy and such amage is the subject of the ordi ance or law then there is no overage under this Additional overage even if the building has also sustained covered direct physical damage. 3 In the situation described in 2bii above we will not pay the full amount of loss otherwise payable under the terms of this Additional Coverage. In stead we will pay a proportion of such loss meaning the proportion that the covered direct physical dam age bears to the total direct physical damage. However if the covered direct physi cal damage alone would have re sulted in enforcement of the ordi nance or law then we will pay the full amount of loss otherwise payable under the terms of this Additional Coverage. 4 We will not pay under this Additional Coverage for a Enforcement of any ordinance or law which requires the demoli tion repair replacement recon struction remodeling or remedia tion of property due to contami nation by pollutants or due to the presence growth prolifera tion spread or any activity of fungus wet rot or dry rot or b The costs associated with the en forcement of any ordinance or law which requires any insured or others to test for monitor clean up remove contain treat detox ify or neutralize or in any way re spond to or assess the effects of pollutants fungus wet rot or dry rot. 5 Specific or Blanket Insurance a Specific Insurance With respect to the building in sured on a specific insurance basis that has sustained cov ered direct physical damage we will pay under this Additional Coverage for the loss in value of the undamaged portion of the building as a consequence of enforcement of an ordinance or law that requires demolition of undamaged parts of the same building as described in para graph 6bi and 6bii be low. 2015 The Travelers Indemnity Company. Al rights reserved. MP T3 63 03 15 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 228 of 391 A6.k. Ordinance or Law Coverage A Cover age For Loss to the Undamaged Portion of the Building W If a Limit of Insurance is shown in the Declarations for Building in the event of damage by a Covered Cause of Loss we will pay for loss in value of the undam aged portion of the building as a conse quence of enforcement of the minimum requirements of any ordinance or law that requires the demolition of undam aged parts of the same building. The coverage provided by this Additional Coverage apply only if both 2a and 2b are satisfied and are then subject to the qualifications set forth in 3. a The ordinance or law i Regulates the demolition con struction or repair of buildings or establishes zoning or land use re quirements at the described premises and ii Is in force at the time of loss. But coverage under this Additional Cover age applies only in response to the mini mum requirements of the ordinance or law. Losses and costs incurred in comply ing with recommended actions or stand ards that exceed actual requirements are not covered under this Additional Cover age. b i The building sustains direct phys ical damage that is covered under this policy and such dam age results in enforcement of the ordinance or law or ii The building sustains both direct physical damage that is covered under this policy and direct physi cal damage that is not covered under this policy and the building damage in its entirety results in enforcement of the ordinance or law. iii But if the building sustains direct physical damage that is not cov ered under this policy and such damage is the subject of the ordi nance or law then there is no coverage under this Additional Coverage even if the building has Page 6 of 16 | 2 |
BUSINESSOWNERS will not pay more than the lesser of a The amount you actually spend to repair rebuild or re construct the building but not for more than the amount it would cost to restore the building on the same prem ises and to the same height floor area style and compa rable quality of the original property insured or b The Limit of Insurance shown in the Declarations as appli cable to the covered building. ii If Replacement Cost coverage applies on a specific insurance basis and the property is not re paired or replaced or if the op tional Actual Cash Value is appli cable on a specific insurance basis to real property we will not pay more than the lesser of a The actual cash value of the building at the time of loss or b The Limit of Insurance shown in the Declarations as appli cable to the covered building. c Blanket Insurance If Replacement Cost coverage applies on a blanket insurance basis and the property is being repaired or replaced on the same or another premises we will not pay more than the lesser of i The amount you actually spend to repair rebuild or re construct the building but not for more than the amount it would cost to restore the building on the same prem ises and to the same height floor area style and compa rable quality of the original property insured or ii The value individually stated for the covered building on the latest statement of values on file with us. If at the time of loss there is no statement of values on file with us or the value for the covered b Blanket Insurance With respect to the building in sured on a blanket insurance basis that has sustained covered direct physical damage we will pay under this Additional Cover age for the loss in value of the undamaged portion of the build ing as a consequence of enforce ment of an ordinance or law that requires demolition of undam aged parts of the same building as described in paragraph 6c and 6d below. As used in this Additional Cover age the terms specific insur ance and blanket insurance have the following meanings Specific insurance covers each item of insurance for example each building under a separate Limit of Insurance. Blanket insur ance covers two or more items of insurance for example a build ing and personal property in that building or two buildings under a single Limit of Insurance. c C This Additional Coverage is in cluded in the Limit of Insurance shown in the Declarations as ap plicable to the covered building. This Additional Coverage does not increase the Limit of Insur ance. 6 Loss Payment b The following loss payment provision is subject to the apportionment pro cedures set forth in Paragraphs 2 and 3 above. When there is a loss in value of an undamaged portion of a building to which this Additional Coverage ap plies the loss payment for that build ing including damaged and undam aged portions will be determined as follows Specific Insurance i If Replacement Cost coverage applies on a specific insurance basis and the property is being repaired or replaced on the same or another premises we 2015 The Travelers Indemnity Company. Al rights reserved. Page 7 of 16 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 229 of 391 MP T3 63 03 15 | 2 |
BUSINESSOWNERS building or structure is not in dividually stated on the latest statement of values on file with us the value of the building or structure will be determined by multiplying a The total reported build ing and structure value by b The proportion that the square footage of the in dividual building or struc ture bears to the total square footage of all buildings and structures contemplated in the total reported building and structure value. d If Replacement Cost coverage applies on a blanket insurance basis and the property is not re paired or replaced or if the op tional Actual Cash Value is appli cable on a blanket insurance basis to real property we will not pay more than the lesser of i The actual cash value of the building at the time of loss or ii The value individually stated for the covered building on the latest statement of values on file with us. If at the time of loss there is no statement of values on file with us or the value for the covered building or structure is not in dividually stated on the latest statement of values on file with us the value of the building or structure will be determined by multiplying a The total reported build ing and structure value by b The proportion that the square footage of the in dividual building or struc ture bears to the total square footage of all buildings and structures contemplated in the total reported building and structure value. building or structure is not in dividually stated on the latest statement of values on file with us the value of the building or structure will be determined by multiplying a The total reported build ing and structure value by b The proportion that the square footage of the in dividual building or struc ture bears to the total square footage of all buildings and structures contemplated in the total reported building and structure value. Replacement Cost coverage pplies on a blanket insurance asis and the property is not re aired or replaced or if the op onal Actual Cash Value is appli able on a blanket insurance asis to real property we will not ay more than the lesser of The actual cash value of the building at the time of loss or i The value individually stated for the covered building on the latest statement of values on file with us. If at the time of loss there is no statement of values on file with us or the value for the covered building or structure is not in dividually stated on the latest statement of values on file with us the value of the building or structure will be determined by multiplying a The total reported build ing and structure value by b The proportion that the square footage of the in dividual building or struc ture bears to the total square footage of all buildings and structures contemplated in the total reported building and structure value. 2015 The Travelers Indemnity Company. All rights reserved. 7 The terms of this Additional Coverage ap ply separately to each building to which this Additional Coverage applies. 8 Under this Additional Coverage we will not pay for loss due to any ordinance or law that a You were required to comply with be fore the loss even if the building was undamaged and b You failed to comply with. 11. The following Coverage Extensions under Para graph A.7. are changed as follows Business Income and Extra Expense From Dependent Property 1 Paragraph A.7.d.4a is replaced by the following Applies to Dependent Property premises located worldwide except within any country on which the United States gov ernment has imposed sanctions embar goes or any similar prohibition and The limit applicable to the Coverage Ex tension Business Income and Extra Expense From Dependent Property is increased from 10000 to 50000. The limit applicable to the Coverage Exten sion Business Income and Extra Ex pense Newly Acquired Premises is in creased from 250000 to 500000. The expiration days applicable to the Cover age Extension Newly Acquired or Con structed Property for Business Income and Extra Expense is increased from 90 days to 180 days. Two of the limits applicable to the Coverage Extension Electronic Data Processing are changed as follows 1 The limit applicable to Electronic Data Processing Equipment and to Electronic Data Processing Data and Media while in transit or at premises other than the described premises is increased from 25000 to 75000. The limit applicable to loss or damage to Electronic Data Processing Data and Media caused by or resulting from elec tronic vandalism is increased from 25000 to 50000. The limit applicable to the Coverage Exten sion Non owned Detached Trailers is in MP T3 6303 15 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 230 of 391 Page 8 of 16 nission. | 2 |
BUSINESSOWNERS creased from 5000 to 25000. f. The limit applicable to the Coverage Exten sion Ordinance or Law Increased Peri od of Restoration is increased from 25000 to 50000. 12. The following Coverage Extensions are added to Paragraph A.7. a. Business Income and Extra Expense at Client or Virtual Office Premises 1 When the Declarations show that you have coverage for Business Income and Extra Expense you may extend that in surance to apply to the actual loss of Business Income you sustain and rea sonable and necessary Extra Expense you incur due to the suspension of your business activities occurring at a client or virtual office premises during the pe riod of restoration. The suspension must be caused by direct physical loss or damage caused by or resulting from a Covered Cause of Loss at a client or vir tual office premises. 2 With respect to this Coverage Extension the period of restoration definition under Paragraph G. PROPERTY DEFINITIONS is replaced by the following Period of Restoration means the peri od of time that a Begins 24 hours after the time of di rect physical loss or damage caused by or resulting from any Covered Cause of Loss at the client or virtual office premises and b Ends on the earlier of i The date when the property at the client or virtual office prem ises should be repaired rebuilt or replaced with reasonable speed and similar quality or i The date when client or virtual office premises is resumed at a new permanent location and c Does not include any increased peri od required due to the enforcement of any ordinance or law that i Regulates the construction use or repair or requires the tearing down of any property or 3 4 5 6 ii Requires any insured or others to test for monitor clean up re move contain treat detoxify or neutralize or in any way respond to or assess the effects of pollu tants. The expiration date of this policy will not cut short the period of restoration. This Coverage Extension applies to cli ent or virtual office premises located within the Coverage Territory. We will reduce the amount of your Busi ness Income loss other than Extra Ex pense to the extent you can resume your business activities at a client or virtual office premises in whole or in part by using any other available a Source of materials or b Outlet for your products. This Coverage Extension does not apply to loss caused by or resulting from loss or damage to property a At the premises of a dependent property b At any location to which the Business Income and Extra Expense Newly Acquired Premises Coverage Exten sion applies or c In the due course of transit. The most we will pay under this Cover age Extension for the sum of Business Income and Extra Expense you incur in any one occurrence is 25000 regard less of the number of client or virtual of fice premises involved. Payments made under this Coverage Ex tension are in addition to the applicable Limits of Insurance. Business Personal Property at Client or Virtual Office Premises When a Limit of Insurance is shown in the Declarations for Business Personal Prop erty at any described premises you may extend that insurance to apply to direct physical loss of or damage to Business Personal Property caused by or resulting from a Covered Cause of Loss while such property is located at a client or virtual office premises. 2015 The Travelers Indemnity Company. Al rights reserved. Page 9 of 16 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 231 of 391 MP T3 6303 15 | 2 |
BUSINESSOWNERS Extra Expense will begin immediately after the time of that action and will apply for a period of one week after coverage begins. d. Computer Fraud and Funds Transfer Fraud 3 4 When a Limit of Insurance is shown in the Declarations for Business Personal Prop erty at the described premises you may extend that insurance to apply to a Loss of or damage to Business Per sonal Property resulting directly from the use of any computer to fraudu lently cause a transfer of that prop erty from inside the building at the described premises or banking premises i To a person other than a mes senger outside those premises or ii To a place outside those prem ises. b Loss of money and securities re sulting directly from a fraudulent in struction directing a financial institu tion to transfer pay or deliver mon ey and securities from your trans fer account. With respect to the coverage provided by this Coverage Extension Paragraph B. Exclusions is amended as follows a Paragraph B.2.0. does not apply. b Paragraph B.2.i. does not apply. c The following exclusion is added We will not pay for loss or damage caused by or resulting from the use or purported use of credit debit charge access convenience identifi cation stored value or other cards or the information contained on such cards. With respect to this Coverage Extension occurrence means an act or series of re lated acts involving one or more persons or an act or event or a series of related acts or events not involving any person is considered one occurrence. The most we will pay under this Cover age Extension in any one occurrence is the limit of insurance shown in the above schedule regardless of the number of premises involved. 2 This Coverage Extension also applies to personal property that is a Owned by an employee and b Used for your business while such property is located at a client or virtual office premises and sustains di rect physical loss or damage caused by or resulting from a Covered Cause of Loss. 3 This Coverage Extension does not apply to property a Otherwise covered under the follow ing Additional Coverages i Blanket Coverage Limit of Insur ance Accounts Receivable ii Blanket Coverage Limit of Insur ance Valuable Papers and Re cords or iii Fine Arts. b Otherwise covered under the follow ing Coverage Extensions i Accounts Receivable ii Business Personal Property Off Premises iv Sales Representative s Samples or Electronic Data Processing v Valuable Papers and Records. 4 The most we will pay for loss or damage under this Coverage Extension in any one occurrence is 25000 regardless of the number of client or virtual office premises involved. 5 Payments under this Coverage Extension are in addition to the applicable Limits of Insurance. c. Civil Authority Homicide or Suicide 1 When the Declarations show that you have coverage for Business Income and Extra Expense you may extend that in surance to apply to the actual loss of Business Income you sustain and rea sonable and necessary Extra Expense you incur caused by action of civil author ity that prohibits access to the described premises due to a homicide or suicide oc curring at such premises. 2 The coverage for Business Income and Page 10 of 16 2015 The Travelers Indemnity Company. Al rights reserved. MP T3 63 03 15 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 232 of 391 | 2 |
BUSINESSOWNERS e. Covered Leasehold Interest Undamaged Improvements and Betterments 1 When a Limit of Insurance is shown in the 2 Declarations for Business Personal Prop erty at the described premises you may extend that insurance to apply to your in terest as tenant in improvements and bet terments as defined in Section A.1.b.3 of this Coverage Form which are not damaged or destroyed but which you lose due to the cancellation of your lease by your landlord. The cancellation of your lease by your landlord must a Result from direct physical loss of or damage to property at the described premises where your improvements and betterments are located caused by or resulting from a Covered Cause of Loss and b Be permitted in accordance with the conditions of your written lease agreement. The most we will pay in any one occur rence under this Coverage Extension is a The applicable Business Personal Property Limit of Insurance or b 25000 whichever is less. f. Deferred Payments 1 When a Limit of Insurance is shown in the 2 Declarations for Business Personal Prop erty at the described premises you may extend that insurance to apply to your in terest in such business personal property that is sold by you under an installment plan conditional sale trust agreement or other deferred payment plan when as a result of direct physical loss of or damage to such property a Occurring within the Coverage Terri tory at any location or in transit after delivery to buyers and b Caused by a Covered Cause of Loss the buyer refuses to continue payments owed to you for such property and as a result you repossess the remaining dam aged property of value if any. The value of your loss under this Cover age Extension will be determined as fol lows 3 4 a In the event of partial loss to prop erty the value of your loss will be i The unpaid balance shown on your books as due from the buyer for such property excluding any interest or fees due minus ii The actual cash value of the re possessed damaged property. b In the event of a total loss to prop erty the value of your loss will be the unpaid balance shown on your books as due from the buyer for such prop erty excluding any interest or fees due. The following is added to A.2. Property And Costs Not Covered but only with respect to this Coverage Extension. Personal property sold by you under an installment plan conditional sale trust agreement or other deferred payment plan after delivery to the purchasers ex cept as provided in the Deferred Pay ments Coverage Extension The most we will pay in any one occur rence under this Coverage Extension is 25000. g. Limited Building Coverage Tenant Obli gation 2 3 If a You are a tenant b A Limit of Insurance is shown in the Declarations for Business Personal Property and c You are contractually obligated to re pair or replace that part of a building you occupy as a tenant at the described premises you may ex tend that insurance to apply to direct physical loss of or damage to that part of a building you occupy as a tenant caused by or resulting from a Covered Cause of Loss other than theft or attempted theft. This Coverage Extension does not apply to any otherwise covered a Building glass or b Tenants improvements and better ments as described in Paragraph A.1.b.3. The most we will pay under this Cover 2015 The Travelers Indemnity Company. Al rights reserved. Page 11 of 16 Includes copyrighted material of Insurance Services Office Inc. with s permission. TRAVELERS DOC MGMT Page 233 of 391 MP T3 6303 15 | 2 |
BUSINESSOWNERS age Extension in any one occurrence is 50000 at each described premises. h. Personal Property In Transit Outside of the Coverage Territory 1 When the Declarations show that you have coverage for Business Personal Property you may extend that insurance to apply to direct physical loss of or dam age to Covered Property caused by or re sulting from a Covered Cause of Loss in transit anywhere in the world outside of the Coverage Territory provided that no sanction embargo or similar regulation imposed by the United States of America prohibits us from covering the loss or damage. 2 If property covered under this Coverage Extension is not delivered we cover the return of the property to you including while the property is temporarily held by the receiver or the carrier while awaiting return shipment to you. 3 Subject to the Limit of Insurance indi cated in paragraph 10 below we will al so pay for a Any general average or salvage charges you incur with respect to losses to covered waterborne ship ments b Your interest in covered shipments sold Free On Board if you can not col lect payment for the loss or damage from the consignee and c Loss of or damage to Covered Prop erty resulting from the unintentional acceptance of any fraudulent Bill of Lading order or shipping receipt by you your employees or authorized representatives or by your agent customer or consignee from anyone representing themselves to be the proper person to receive goods for shipment or accept goods for deliv ery. 4 The following exclusion is added to para 5 graph B.2. but only with respect to cover age provided by this Coverage Extension Electrical andor Mechanical Derange ment. Paragraphs B.1.b. and B.1.g. do not ap ply to this Coverage Extension. 6 The following is added to paragraph B.2.h. and B.2.m. but only with respect to coverage provided by this Coverage Ex tension This exclusion does not apply to property in the custody of a carrier for hire. The following is added to paragraph B.2.i. but only with respect to coverage provided by this Coverage Extension This exclusion does not apply to insur ance covered under this Coverage Exten sion if the loss to Covered Property is caused by your acceptance in good faith of false bills of lading or shipping receipts. 8 This Coverage Extension does not apply to property otherwise covered under the following a Overseas Fine Arts Additional Cover age b Electronic Data Processing Coverage Extension c Overseas Business Travel or Busi ness Personal Property at Client or Virtual Office Premises Overseas Coverage Extension d Overseas Valuable Papers and Re cords Coverage Extension or e Personal Property In Transit Outside of the Coverage Territory Coverage Extension once the property has been accepted for delivery at its final destination. The following is added to A.2. Property And Costs Not Covered but only with respect to this Coverage Extension. Cov ered Property does not include a Export and import shipments while covered under an ocean marine car go or other insurance policy b Property of others for which you are responsible while acting as a com mon or contract carrier car loader freight forwarder freight consolidator freight broker shipping association or similar arranger of transportation or as a public warehouseman c Property while in the following areas Afghanistan Burma Myanmar Cu ba Iran Iraq Jordan Kenya Leba non Libya Nigeria North Korea Page 12 of 16 2015 The Travelers Indemnity Company. Al rights reserved. MP T3 63 03 15 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 234 of 391 | 2 |
BUSINESSOWNERS Pakistan Republic of Yemen Soma lia Sudan Syria Russia the Com monwealth of Independent States C.I.S. and countries that formerly comprised the U.S.S.R d Property in transit while over land in Mexico or e Shipments by a government postal service except by registered mail. 10 The most we will pay under this Cover age Extension is 5000 for the sum of all covered losses arising out of all Cov ered Causes of Loss occurring during each policy period beginning with the ef fective date of this endorsement. This amount applies regardless of the num ber of locations involved. 11 Paragraph E.4.e.10 with respect to this Coverage Extension is replaced with the following Personal property in transit at a The amount of invoice or b In the absence of an invoice the least of the following i The value of the Covered Property ii The cost of reasonably restor ing that property to its condi tion immediately before loss or damage or iii The cost of replacing that property with substantially the same property plus c The amount of any prepaid freight charges and other shipping costs or charges that are incurred while the property is in transit. 12 Payments made under this Coverage Extension are in addition to the applica ble Limits of Insurance. i. Property in Transit 1 When the Declarations show that you have coverage for Business Income and Extra Expense you may extend that in surance to apply to the actual loss of Business Income you sustain and rea sonable and necessary Extra Expense you incur due to the suspension of your operations during the period of restora tion. The suspension must be caused by direct physical loss or damage caused tan Republic of Yemen Soma udan Syria Russia the Com iealth of Independent States. and countries that formerly rised the U.S.S.R ty in transit while over land in r ents by a government postal e except by registered mail. t we will pay under this Cover nsion is 5000 for the sum of ed losses arising out of all Cov uses of Loss occurring during icy period beginning with the ef late of this endorsement. This applies regardless of the num ations involved. oh E.4.e.10 with respect to this e Extension is replaced with the property in transit at nount of invoice or absence of an invoice the least following he value of the Covered roperty he cost of reasonably restor g that property to its condi on immediately before loss r damage or he cost of replacing that roperty with substantially the ame property plus amount of any prepaid freight es and other shipping costs or es that are incurred while the rty is in transit. s made under this Coverage n are in addition to the applica s of Insurance. ransit Declarations show that you erage for Business Income and ense you may extend that in to apply to the actual loss of Income you sustain and rea and necessary Extra Expense due to the suspension of your 1s during the period of restora suspension must be caused physical loss or damage caused 2015 The Travelers Indemnity Company. All rights reserved. 3 by or resulting from a Covered Cause of Loss to Covered Property while in the due course of transit at your risk within the Coverage Territory. This Coverage Extension does not apply to loss caused by or resulting from loss or damage to a Shipments by a government postal service except by registered mail b Export shipments once i The shipment is loaded onboard the export conveyance or ii Coverage under an Ocean Ma rine or other insurance policy covering the shipment begins whichever is earlier c Import shipments until i The shipment is unloaded from the importing conveyance or ii Coverage under an Ocean Ma rine or other insurance policy covering the property ends whichever is later C Property of others for which you are responsible while acting as a com mon or contract carrier freight for warder freight consolidator or freight broker or public warehouseman e Property within a conveyance or con tainer caused by theft while the conveyance or container is unat tended unless the portion of the con veyance or container containing the property is fully enclosed and se curely locked and the theft is by forcible entry of which there is visible evidence or f The transporting conveyance. With respect to this Coverage Extension the period of restoration definition under Paragraph G. PROPERTY DEFINITIONS is replaced by the following Period of Restoration means the peri od of time that a Begins 24 hours after the time of di rect physical loss or damage caused by or resulting from any Covered Cause of Loss in the due course of transit b Ends on the date when the property Page 13 of 16 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 235 of 391 MP T3 6303 15 | 2 |
BUSINESSOWNERS in the due course of transit should be repaired rebuilt or replaced with rea sonable speed and similar quality and c Does not include any increased peri od required due to the enforcement of any ordinance or law that i Regulates the construction use or repair or requires the tearing down of any property or ii Requires any insured or others to test for monitor clean up re move contain treat detoxify or neutralize or in any way respond to or assess the effects of pollu tants. The expiration date of this policy will not cut short the period of restoration. We will reduce the amount of your Busi ness Income loss other than Extra Ex pense to the extent you can resume your business activities in the due course of transit in whole or in part by using any other available a Source of materials or b Outlet for your products. 5 This Coverage Extension does not apply to loss caused by or resulting from loss or damage to property a At the premises of a dependent property b At any location to which the Business Income and Extra Expense at Client or Virtual Office Premises Coverage Extension applies or c At any location to which the Business Income and Extra Expense Newly Acquired Premises Coverage Exten sion applies. 6 The most we will pay under this Cover age Extension for the sum of Business Income and Extra Expense you incur in any one occurrence is 25000. This limit applies regardless of the number of loca tions involved. 7 Payments made under this Coverage Ex tension are in addition to the applicable Limits of Insurance. Sales Representative s Samples 1 When a Limit of Insurance is shown in the 2 3 Declarations for Business Personal Prop erty you may extend that insurance to apply to a Samples of your stock in trade in cluding containers and b Similar property of others while such property is in the custody of your sales representatives or agents or yourself while acting as a sales represen tative including while in transit. We will not pay for loss or damage caused by theft of Covered Property from an unattended vehicle. But we will pay for theft of Covered Property from an unattended vehicle if at the time of the theft all the vehicle s doors windows and compartments were closed and locked and there are visible signs that the theft was a result of forced entry. The most we will pay for loss or damage for property in the custody of any one sales representative in any one occur rence is 25000. k. Undamaged Parts of Stock in Process 2 When a Limit of Insurance is shown in the Declarations for Business Personal Prop erty at the described premises you may extend that insurance to apply to the re duction in value of the undamaged re maining parts of stock which becomes unmarketable when the reduction is caused by direct physical loss or damage from a Covered Cause of Loss to other parts of stock. The most we will pay under this Cover age Extension in any one occurrence is 25000. I. Utility Services Time Element When the Declarations show that you have coverage for Business Income and Extra Expense you may extend that in surance to apply to the loss of Business Income or Extra Expense caused by the interruption of service to the described premises. The interruption must result from direct physical loss or damage by a Covered Cause of Loss to the following property not on the described premises a Water Supply Services b Communication Supply Services or Page 14 of 16 2015 The Travelers Indemnity Company. Al rights reserved. MP T3 6303 15 Includes copyrighted material of Insurance Services Office Inc. with s permission. TRAVELERS DOC MGMT Page 236 of 391 | 2 |
BUSINESSOWNERS er Supply Services. nly pay for loss of Business In sustain and Extra Expense you r 48 consecutive hours following physical loss or damage to the property not on the described r Supply Services munication Supply Services or er Supply Services. srage Extension does not apply duction of income after service restored to your premises. ect to this Coverage Extension s G.3.b and G.22.b are de we will pay for loss under this Extension is 25000 at each premises but we will not pay n 100000 in any one occur jardless of the number of prem ved. sage Back Up and Sump Over Declarations show that you erage for Building or Business Property you may extend that to apply to direct physical loss age to Covered Property at the premises caused by or result water or sewage that backs up scribed premises involved. Amounts pay able under any coverage including any Additional Coverage or Coverage Exten sion do not increase this limit. 13. The following is added to Paragraph E. PROP ERTY LOSS CONDITIONS Pairs sets or parts 1 In case of loss to any part of a pair or set we may at our option a Repair or replace any part to restore the pair or set to its value before the loss or b Pay the difference between the value of the pair or set before and after the loss. 2 In case of loss to any part of Covered Property consisting of several parts when complete we will only pay for the value of the lost or damaged part. 14. The following is added to Paragraph F. COM MERCIAL PROPERTY CONDITIONS Unintentional Errors In Description Your error in how you describe the address of a location in the Location Schedule shall not preju dice coverage afforded by this policy provided such error is not intentional. Any such error shall be reported and corrected when discovered and appropriate premium charged. 15. The following definitions are added to Paragraph G. PROPERTY DEFINITIONS ws from a sewer drain or sump a. Client or Virtual Office Premises means ide a building at the described the interior of that portion of any building oc cupied by an employee including Declarations show that you 1 An employee s residence or erage for Business Income and 2 A client s business location. ense you may also extend that. to apply to the actual loss of Client or virtual office premises does not in Income you sustain and rea clude any location that is described in the and necessary Extra Expense Declarations or reported to or accepted by us caused by or resulting from for coverage under this Coverage Form. sewage that backs up or over. 1 a sewer drain or sump that is b. Fraudulent instruction means ouilding at the described prem 1 An electronic telegraphic cable teletype telefacsimile or telephone instruction which purports to have been transmitted B1E9t3 does not apply to by you but which was in fact fraudulently rage Extension. transmitted by someone else without your we will pay under this Cover knowledge or consent 1sion in any one occurrence is 2 A written instruction other than those de regardless of the number of de scribed in Paragraph A.6.i. issued by you which was forged or altered by 2015 The Travelers Indemnity Company. Al rights reserved. Page 15 of 16 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 237 of 391 2 3 c Power Supply Services. We will only pay for loss of Business In come you sustain and Extra Expense you incur after 48 consecutive hours following the direct physical loss or damage to the following property not on the described premises a Water Supply Services b Communication Supply Services or c Power Supply Services. This Coverage Extension does not apply to any reduction of income after service has been restored to your premises. With respect to this Coverage Extension Paragraphs G.3.b and G.22.b are de leted. The most we will pay for loss under this Coverage Extension is 25000 at each described premises but we will not pay more than 100000 in any one occur rence regardless of the number of prem ises involved. m. Water or Sewage Back Up and Sump Over flow W 3 When the Declarations show that you have coverage for Building or Business Personal Property you may extend that insurance to apply to direct physical loss of or damage to Covered Property at the described premises caused by or result ing from water or sewage that backs up or overflows from a sewer drain or sump that is inside a building at the described premises. When the Declarations show that you have coverage for Business Income and Extra Expense you may also extend that insurance to apply to the actual loss of Business Income you sustain and rea sonable and necessary Extra Expense you incur caused by or resulting from water or sewage that backs up or over flows from a sewer drain or sump that is. inside a building at the described prem ises. Paragraph B.1.g.3 does not apply to this Coverage Extension. The most we will pay under this Cover age Extension in any one occurrence is 25000 regardless of the number of de sserved. vith its permission. MP T3 6303 15 | 2 |
BUSINESSOWNERS someone other than you without your knowledge or consent or which purports to have been issued by you butwas in fact fraudulently issued without your knowledge or consent or 3 An electronic telegraphic cable teletype telefacsimile telephone or written instruc tion initially received by you which pur ports to have been transmitted by an employee but which was in fact fraudu lently transmitted by someone else with out your or the employee s knowledge or consent. Fungus means any type or form of fungus including mold or mildew and any mycotox ins spores scents or by products produced or released by fungi. Messenger means you or a relative of yours or any of your partners or members or any employee while having care and cus tody of property outside the premises. Transfer account means an account main tained by you at a financial institution from which you can initiate the transfer payment or delivery of money and securities 1 By means of electronic telegraphic ca ble teletype telefacsimile or telephone instructions communicated directly through an electronic funds transfer sys tem or 2 By means of written instructions other than those described in Paragraph A.6.i. establishing the conditions under which such transfers are to be initiated by such financial institution through an electronic funds transfer system. Page 16 of 16 2015 The Travelers Indemnity Company. Al rights reserved. MP T3 6303 15 Includes copyrighted material of Insurance Services Office Inc. with s permission. TRAVELERS DOC MGMT Page 238 of 391 | 2 |
BUSINESSOWNERS POLICY NUMBER 680 8M849912 18 42 ISSUE DATE 11132018 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. PROTECTIVE SAFEGUARDS ENDORSEMENT FOR SPRINKLERED LOCATIONS AND RESTAURANTS This endorsement modifies insurance provided under the following BUSINESSOWNERS COVERAGE PART SCHEDULE Prem. Bldg. Protective Safeguards Prem. No. No. Symbols Applicable No. 001 001 P1 Bldg. Protective Safeguards Symbols Applicable Prem. No. 001 The following is added to the BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM BUSINESSOWNERS PROPERTY COVERAGE STANDARD FORM PROTECTIVE SAFEGUARDS a. As a condition of this insurance you are re quired to maintain the protective devices or services listed in the Schedule above. 1. The following is added to the BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM BUSINESSOWNERS PROPERTY COVERAGE STANDARD FORM PROTECTIVE SAFEGUARDS a. As a condition of this insurance you are re quired to maintain the protective devices or services listed in the Schedule above. The protective safeguards to which this en dorsement applies are identified by the follow ing symbols p.1 Automatic Sprinkler System includ ing related supervisory services Automatic Sprinkler System means 1 Any automatic fire protective or extinguishing system including connected a Sprinklers and discharge nozzles Information required to complete this Schedule if not shown on this endorsement will be shown in the Decla rations Includes Material Copyrighted by Insurance Services Office Inc. 1ISO Commercial Risk Services Inc. Page 1 of 2 TRAVELERS DOC MGMT Page 239 of 391 MP T3 07 03 97 | 2 |
BUSINESSOWNERS b Ducts pipes valves and fit tings c Tanks their component parts and supports and d Pumps and private fire pro tection mains. 2 When supplied from an automat ic fire protective system a Non automatic fire protective systems and b Hydrants outlets. standpipes and The following is added to the EXCLUSION sec tion of BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM BUSINESSOWNERS PROPERTY COVERAGE STANDARD FORM We will not pay for loss or damage caused by or resulting from fire if prior to the fire you a. Knew of any suspension or impairment in any protective safeguard listed in the Schedule above and failed to notify us of that fact or b. Failed to maintain any protective safeguard listed in the Schedule above and over which you had control in complete working order. If part of an Automatic Sprinkler System is shut off due to breakage leakage freezing conditions or opening of sprinkler heads notification to us will not be necessary if you can restore full protection within 48 hours. p.g Includes Material Copyrighted by Insurance Services Office Inc. ISO Commercial Risk Services Inc. MP T3 07 03 97 TRAVELERS DOC MGMT Page 240 of 391 Page 2 of 2 | 2 |
BUSINESSOWNERS THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. FEDERAL TERRORISM RISK INSURANCE ACT DISCLOSURE This endorsement modifies insurance provided under the following BUSINESSOWNERS COVERAGE PART The federal Terrorism Risk Insurance Act of 2002 as amended TRIA establishes a program under which the Federal Government may partially reimburse In sured Losses as defined in TRIA caused by Acts Of Terrorism as defined in TRIA. Act Of Terrorism is defined in Section 1021 of TRIA to mean any act that is certified by the Secretary of the Treasury in consultation with the Secretary of Homeland Security and the Attorney General of the United States to be an act of terrorism to be a violent act or an act that is dangerous to human life property or infrastructure to have resulted in damage within the United States or outside the United States in the case of certain air carriers or vessels or the premises of a United States Mission and to have been committed by an individual or individuals as part of an effort to coerce the civilian population of the United States or to influence the pol icy or affect the conduct of the United States Govern ment by coercion. The Federal Government s share of compensation for such Insured Losses is established by TRIA and is a percentage of the amount of such Insured Losses in excess of each Insurer s Insurer Deductible as de fined in TRIA subject to the Program Trigger as defined in TRIA. Through 2020 that percentage is established by TRIA as follows 85 with respect to such Insured Losses occurring in calendar year 2015. 84 with respect to such Insured Losses occurring in calendar year 2016. 83 with respect to such Insured Losses occurring in calendar year 2017. 82 with calendar 81 with calendar 80 with calendar In no evel required t sured Los aggregate be require vided tha ble. There calendar the amou ment and losses ca The charg age Part The charg cluded for does not Insured L under TRI 4 of premi nated 2 of premi nated 82 with respect to such Insured Losses occurring in calendar year 2018. 81 with respect to such Insured Losses occurring in calendar year 2019. 80 with respect to such Insured Losses occurring in calendar year 2020. In no event however will the Federal Government be required to pay any portion of the amount of such In sured Losses occurring in a calendar year that in the aggregate exceeds 100 billion nor will any Insurer be required to pay any portion of such amount pro vided that such Insurer has met its Insurer Deducti ble. Therefore if such Insured Losses occurring in a calendar year exceed 100 billion in the aggregate the amount of any payments by the Federal Govern ment and any coverage provided by this policy for losses caused by Acts Of Terrorism may be reduced. The charge for such Insured Losses under this Cover age Part is included in the Coverage Part premium. The charge for such Insured Losses that has been in cluded for this Coverage Part is indicated below and does not include any charge for the portion of such Insured Losses covered by the Federal Government under TRIA 4 of your total Businessowners Coverage Part premium if your primary location is in a Desig nated City as listed below. 2 of your total Businessowners Coverage Part premium if your primary location is not in a Desig nated City as listed below. 2015 The Travelers Indemnity Company. All rights reserved. Page 1 of 2 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 241 of 391 MP T3 250115 | 2 |
BUSINESSOWNERS Designated Cities are Albuguergue NM El Paso TX Miami FL San Diego CA Atlanta GA Fort Worth TX Milwaukee WI San Antonio TX Austin TX Fresno CA Minneapolis MN San Francisco CA Baltimore MD Honolulu HI Nashville Davidson TN San Jose CA Boston MA Houston TX New Orleans LA Seattle WA Charlotte NC Indianapolis IN New York NY St. Louis MO Chicago IL Jacksonville FL Oakland CA Tucson AZ Cleveland OH Kansas City MO Oklahoma City OK Tulsa OK Colorado Springs CO Las Vegas NV Omaha NE Virginia Beach VA Columbus OH Long Beach CA Philadelphia PA Washington DC Dallas TX Los Angeles CA Phoenix AZ Wichita KS Denver CO Memphis TN Portland OR Detroit M1 Mesa AZ Sacramento CA Page 2 of 2 MP T3 250115 2015 The Travelers Indemnity Company. All rights reserved. MP T3 25 01 Includes copyrighted material of Insurance Services Office Inc. with its permission. TRAVELERS DOC MGMT Page 242 of 391 | 2 |
BUSINESSOWNERS POLICY NUMBER 680 8M849912 18 42 ISSUE DATE 11132018 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. THEFT OF MONEY AND SECURITIES LIMITATION This endorsement modifies insurance provided under the following BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM A. Schedule Theft of Money and Securities Limit 25000 B. The BUSINESSOWNERS PROPERTY COVER thef AGE SPECIAL FORM is changed as follows any 1. The following is added to Paragraph A.5. the a. If money and securities is otherwise gld covered at any described premises the most we will pay for loss or damage by esty Cove theft of any money and securities in any one occurrence is the limit shown in the schedule above. This limitation does not apply to any otherwise covered loss or damage under the Employee Dishon esty or Forgery or Alteration Additional Coverages. Copyright The Travelers Indemnity Company 2004 Page 1 of 1 TRAVELERS DOC MGMT Page 243 of 391 MP T3 4102 05 | 2 |
BUSINESSOWNERS THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. BUSINESS INCOME AND EXTRA EXPENSE POLICY LEVEL DOLLAR LIMIT ENDORSEMENT This endorsement modifies insurance provided under the following BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM 1. Paragraph A.3.d.2 under Business Income and Extra Expense is replaced by the following 2 Actual loss up to a maximum dollar limit then we will pay for loss of Business Income and Extra Ex pense up to the limit shown in any one occurrence. MP T3 49 10 06 2006 The St. Paul Travelers Companies Inc. Page 1 of 1 TRAVELERS DOC MGMT Page 244 of 391 | 2 |
BUSINESSOWNERS THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EQUIPMENT BREAKDOWN SERVICE INTERRUPTION LIMITATION This endorsement modifies insurance provided under the following BUSINESSOWNERS PROPERTY COVERAGE SPECIAL FORM A. The BUSINESSOWNERS PROPERTY COVER d Explosion except for steam or cen AGE SPECIAL FORM is changed as follows trifugal explosion 1. The following is added to Paragraph A.7. e Smoke Coverage Extensions i. Equipment Break f Aircraft or vehicles down 9 With respect to Service Interruption cov erage we will not pay under this Cover g Riot or civil commotion h Vandalism age Extension for loss or damage caused i Sprinkler Leakage by or resulting from any of the following j Falling objects a Fire k Weight of snow ice or sleet b Lightning I Freezing or c Windstorm or hail m Collapse MP T3 50 11 06 2007 The St. Paul Travelers Companies Inc. Page 1 of 1 TRAVELERS DOC MGMT Page 245 of 391 | 2 |
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