JAVA CONNECTIONS, LLC DBA LAPTOPSANYTIME

Home Browse Search

Collapse as described and limited (ii) The area within 1,000 feet of in paragraphs (1), (2), (3), (4), (5), the building or within 1,000 (6) and (7) above. feet of the premises e. Water Damage, Other Liquids, Powder described in the or Molten Material Damage Declarations, whichever distance is greater (with If loss or damage Y e caused b or respect to loss of or damage resulting from covered water or other to personal property in the liquid, powder or molten material open or personal property in damage loss occurs, we will also pay a vehicle); and the cost to tear out and replace any part of the building or structure to (iii) Any area within the building repair damage to the system or or at the described if that appliance from which the water or premises, area services, or is used to gain other substance escapes. access to, the portion of the We will not a the cost to repair an pay p Y building which you rent, defect that caused the loss or damage; lease or occupy. but we will pay the cost to repair or replace damaged parts of fire (b) We will only pay for loss of extinguishing equipment if the damage: Business Income that you sustain during the "period of (1) Results in discharge of any restoration" and that occurs substance from an automatic fire within the designated, protection system; or consecutive number of months (2) Is directly caused by freezing. found on the Declarations Page f. Business Income beginning immediately after the date of direct physical loss or When Business Income Coverage is damage. For purposes of this provided under this policy: insurance, all recoverable loss (1) Business Income ceases when the "period of restoration" ends. (a) We will pay for the actual loss of Business Income you sustain (c) Business Income means the: due to the necessary (i) Net Income (Net Profit or "suspension" of your Loss before income taxes) "operations" during the "period that would have been of restoration". The earned or incurred if no "suspension" must be caused physical loss or damage had by direct physical loss of or occurred, but not including damage to a described any Net Income that would premises shown in likely have been earned as the Declarations and for which result of an increase in the a Business Income Limit of volume of business due to Insurance is shown in the favorable business Declarations. The loss or conditions caused by the damage must be caused by or impact of the Covered result from a Covered Cause of Cause of Loss on customers Loss. or on other businesses; With respect to loss of or (ii) Continuing normal operating damage to personal property in expenses incurred, including "payroll the open or personal property expenses". in a vehicle, the described However, if your business is premises include the area not generating any income because you are primarily in within 1,000 feet of such research or development or premises. have not yet brought your With respect to the p product to market, your requirements set forth in the continuing normal operating preceding paragraph, if you expenses, including "payroll occupy only part of a building, expenses", will not be offset your premises mean: by the Net Loss; and (i) The portion of the building (iii) "Rental Value". which you rent, lease or occupy; ILL�y �� i3R µ Mmag'ah1ad DiAsiun °x RE�AED&APPROVED BY. 391-1003 08 16 Includes copyrighted material of Insurance Services Office, Inc., with its permission }� �,.. --� Risk Pjanagement Analyst