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SPECIAL PROPERTY COVERAGE FORM inception date, policy anniversary date, or the date of any other policy change amending the Buildings limit, times (2) The percentage of annual increase shown above, expressed as a decimal (.08); times (3) The number of days since the beginning of the current policy year or the effective date of the most recent policy change amending the Limit of Insurance for Buildings, divided by 365. Example: The applicable Limit of Insurance for Buildings is $100,000. The annual percentage increase is 8%. The number of days since the beginning of the policy period (or last policy change) is 146. The amount of increase is: $100,000 X .08 X 146 divided by 365 = $3,200 6. Business Personal Property Limit - Seasonal Increase a. The Limit of Insurance for Business Personal Property will automatically increase by 25% to provide for seasonal variations. b. This increase will apply only if all Limits of Insurance shown in the Declarations for Business Personal Property at the "scheduled premises" is at least 100% of your average monthly values during the lesser of: (1) The 12 months immediately preceding the date the physical loss or physical damage occurs; or (2) The period of time you have been in business as of the date the physical loss or physical damage occurs. D. DEDUCTIBLES 1. We will not pay for physical loss or physical damage in any one occurrence until the amount of physical loss or physical damage exceeds the Deductible shown in the Declarations. We will then pay the amount of loss or damage in excess of the Deductible up to the applicable Limit of Insurance. 2. Except as otherwise listed, the deductible applicable to Additional Coverages and Coverage Extensions is the Special Property Coverage Form is $250. 3. A $250 deductible applies to the following Glass Coverages, unless Glass Coverage is provided under a separate coverage form: Form SS 00 07 07 05 a. Building Glass b. Glass Expense c. Tenant Glass 4. Unless a separate deductible is shown in the Declarations, the deductible applicable to the following Additional Coverages or Coverage Extensions is $250, whether the coverage is provided under this coverage form, provided on a separate coverage form or the coverage is provided in a form that includes a package of coverages, such as a Stretch endorsement: a. Accounts Receivable; b. Fine Arts c. Outdoor Signs; and d. "Valuable Papers and Records"; 5. Unless a separate deductible is shown in the Declarations, the deductible applicable to the following Additional Coverages or Coverage Extensions is $100, whether the coverage is provided under this coverage form, provided on a separate coverage form or the coverage is provided in a form that includes a package of coverages, such as a Stretch endorsement: a. Employee Dishonesy; and b. Temperature Change. 6. No deductible applies to the following Coverage Extensions and Additional Coverages: a. Fire Extinguisher Recharge; b. Preservation of Property; c. Fire Department Service Charge; d. Business Income, Extra Expense, Civil Authority and Extended Business Income; e. Arson Reward; and f. Lock and Key Replacement 6. The Deductible applicable to the following Additional Coverages is the policy deductible or the deductible shown in the Declarations for the following coverage: a. Equipment Breakdown; b. Ordinance or Law Coverage; and c. Leasehold Improvements. 7. Each deductible applicable to this policy shall be applied separately but only to the coverage specified, and the total deductible for all losses in any one occurrence shall be the highest deductible amount that applies to the occurrence. E. PROPERTY LOSS CONDITIONS 1. Abandonment There can be no aba to us. cF RAMmWmentDMsian REVIEWED & APPROVED BY.- v --� Risk janagement Analyst