BEAN SPROUTS, LLC (2) - Laserfiche WebLink

Home Browse Search

SPECIAL PROPERTY COVERAGE FORM remediation of property due to contamination by "pollutants and contaminants" or due to the presence, growth, proliferation, spread of any activity of "fungi", wet or dry rot, bacteria or virus; or (b) The costs associated with the enforcement of any ordinance or law which requires any insured or others to test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, or in any way respond to, or assess the effects of "pollutants or contaminants", "fungi", wet or dry rot, bacteria or virus. (c) Loss caused by, resulting from, contributed to or aggravated by earthquake or volcanic eruption. (d) Loss due to an 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. (3) Additional Limitations — Loss to Undamaged Portion of Building Subject to the limit stated in Paragraph A.5.j.(1)(a), the insurance provided under this Additional Coverage for loss in value to the undamaged portion of the building is limited as follows: (a) If Replacement Cost applies and the property is repaired or replaced on the same or another premises, we will not pay more for physical loss of or physical damage to designated Building property, including loss caused by enforcement of an ordinance or law, than: (i) The amount you actually spend to repair, rebuild or reconstruct the Building, but not for more than the amount it would cost to restore the Building on the same premises; and (ii) The amount it would cost to restore the undamaged portion to the same height, floor area, style and comparable quality of the original property insured. Page 8 of 25 (b) If the Building(s) Full Value Endorsement applies and the property is repaired or replaced on the same or another premises, we will not pay more for physical loss of or physical damage to designated Building property, including loss caused by enforcement of an ordinance or law, than: (i) The amount you actually spend to repair, rebuild or reconstruct the Building, but not for more than the amount it would cost to restore the Building on the same premises; and (ii) The amount it would cost to restore the undamaged portion to the same height, floor area, style and comparable quality of the original property insured. (c) If Replacement Cost or the Building(s) Full Value Endorsement applies and the property is not repaired or replaced, or if Actual Cash Value applies, then we will not pay more for physical loss of or physical damage to designated Building property, including loss caused by enforcement of an ordinance or law, than the lesser of: (i) The Actual Cash Value of the Building at the time of loss; or (ii) The Limit of Insurance applicable to the covered Building property stated in Paragraph A.5.j.(1)(a). (4) Additional Limitation — Demolition Cost We will not pay more than the lesser of: (a) The amount actually spent to demolish and clear the site of the "scheduled premises"; or (b) The applicable Demolition Cost Limit of Insurance as stated in Paragraph A.5.j.(1)(b). (5) Additional Limitation — Increased Cost of Construction The insurance provided under this Additional Coverage for increased cost of construction is limited as follows: (a) We will no cF RAMmWmentDMsian Jy/ \'x REVIEWED & APPROVED BY: V"° --� Risk Pjanagement Analyst