BEAN SPROUTS, LLC (2) - Laserfiche WebLink

Home Browse Search

SPECIAL PROPERTY COVERAGE FORM (i) Until the property is actually repaired or replaced, at the same or another premises; and (ii) Unless the repairs or replacements are made as soon as reasonably possible after the physical loss or physical damage, not to exceed two years. We may extend this period in writing during the two years. (b) If the Building is repaired or replaced at the same premises, or if you elect to rebuild at another premises, the most we will pay is the lesser of: (i) The increased cost of construction at the same premises; or (ii) The applicable Increased Cost of Construction Limit of Insurance stated in Paragraph A.5.j.(1)(c). (c) If the ordinance or law requires relocation to another premises, the most we will pay is the lesser of: (i) The Increased Cost of Construction at the new premises; or (ii) The applicable Increased Cost of Construction Limit of Insurance stated in Paragraph A.5.j.(1)(c). k. "Pollutants and Contaminants" Clean Up and Removal We will pay your expense to extract "pollutants and contaminants" from land or water at the "scheduled premises" if the discharge, dispersal, seepage, migration, release or escape of the "pollutants and contaminants" is caused by or results 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 writing within 180 days of the earlier of: (1) The date of direct physical loss or physical damage; or (2) The end of the policy period. The most we will pay in any one occurrence for each location under this Additional Coverage is $15,000 for the sum of all such expenses arising out of Covered Causes of Loss. Form SS 00 07 07 05 I. Preservation of Property If it is necessary to move Covered Property from the "scheduled premises" to preserve it from direct physical loss or physical damage by a Covered Cause of Loss, we will pay for any direct physical loss of or physical damage to that property: (1) While it is being moved or while temporarily stored at another location; and (2) Only if the direct physical loss or physical damage occurs within 45 days after the property is first moved. m. Theft Damage to Building This Additional Coverage applies only to premises where you are a tenant and are responsible in the lease for physical loss or physical damage to the building you lease, rent, or occupy that is caused by or results from "theft", burglary or robbery. We will pay for direct physical loss or physical damage directly resulting from "theft", burglary or robbery (except loss by fire or explosion) to a building: (1) You occupy, including personal property that is used to maintain or service the building; or (2) Containing covered personal property if you are legally liable for such physical loss or physical damage. But we will not pay for such physical loss of or physical damage to property that is away from the "scheduled premises". n. Water Damage, Other Liquid, Powder or Molten Material Damage If direct physical loss or physical damage caused by or resulting from covered water or other liquid, powder or molten material damage loss 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 that caused the direct physical loss or physical damage except as provided in paragraph A.5.c., Equipment Breakdown of this coverage form. But we will pay the cost to repair or replace damaged parts of fire extinguishing equipment if the damage: (1) Results in discharge of any substance from an au - system; or ew cF RAMwagementDMsian Jy/\'x REVIEWED & APPROVED BY.- ,v --� Risk janagement Analyst