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4 The <br />Hanover <br />Insurance Group- <br />ODFD785344 5701644 <br />(3) The following property at actual <br />(ii) Divide the amount <br />cash value: <br />determined in paragraph (1) <br />(a) Used or second-hand <br />above by the number of <br />merchandise held in storage <br />days from the installation of <br />or for sale; <br />improvements to the <br />expiration of the lease. <br />(b) Property of others. However, if <br />If your lease contains a renewal <br />an item(s) of personal <br />option, the expiration of the <br />property of others is subject to <br />renewal option period will <br />a written contract which <br />replace the expiration of the <br />governs your liability for loss <br />lease in this procedure. <br />or damage to that item(s), <br />then valuation of that item(s) <br />(c) Nothing if others pay for repairs <br />will be based on the amount <br />or replacement. <br />for which you are liable under <br />(6) "Valuable papers and records" at <br />such contract, but not to <br />the cost of restoration or <br />exceed the lesser of the <br />replacement, including the cost of <br />replacement cost of the <br />data entry, re -programming, <br />property or the applicable <br />computer consultation services and <br />Limit of Insurance; <br />the "media" on which the data or <br />(c) Household contents, except <br />programs reside. To the extent that <br />personal property in <br />the contents of the "valuable papers <br />apartments or rooms <br />and records" are not restored, the <br />furnished by you as landlord; <br />"valuable papers and records" will <br />(d) Manuscripts; <br />be valued at the cost of <br />replacement with blank materials of <br />(a) Works of art, "antiques" or <br />substantially identical type. <br />rare articles, including but not <br />(7) "Money" at its face value; and <br />limited to, etchings, pictures, <br />statuary, marbles, bronzes, <br />(8) "Securities" at their value at the <br />porcelains, glassware and <br />close of business on the day the <br />bric-a-brac not otherwise <br />loss is "discovered". <br />covered in SECTION I - <br />(9) Accounts Receivable: <br />PROPERTY, A. Coverage, 5. <br />Additional Coverage, x. Fine <br />(a)If cannot accurately <br />Arts; or <br />establish <br />ish the amount of <br />accounts receivable outstanding <br />(f) Commercial Tools and Small <br />as of the time of loss or <br />Equipment and Contractors <br />damage: <br />Tools and Equipment. This <br />does not apply to your <br />(I) We will determine the total <br />Commercial Tools and Small <br />of the average monthly <br />Equipment permanently <br />amounts of accounts <br />installed or exclusively used <br />receivable for the 12 months <br />at the described premises. <br />immediately preceding the <br />month in which the loss or <br />(4) Glass at the cost of replacement <br />damage occurs; and <br />with safety glazing material if <br />required by law. <br />II We will adjust that total for <br />() <br />any normal fluctuations in <br />(5) Tenant's Improvements and <br />the amount of accounts <br />Betterments at: <br />receivable for the month in <br />(a) Replacement cost if you make <br />which the loss or damage <br />repairs promptly. <br />occurred for any <br />(b) proportion of your original <br />demonstratedrvariance from <br />c <br />cost if you, as the tenant, do <br />the average for that month. <br />not make repairs promptly. We <br />(b) The following will be deducted <br />will determine the <br />from the total amount of <br />proportionate value as follows: <br />accounts receivable, regardless <br />(t) Multiply the original cost <br />of how that amount is <br />established: <br />by the number of days <br />from the loss or damage <br />(1) The <br />to the expiration of the <br />for w <br />Fisk MowgmadDividan <br />lease; and <br />damn <br />o ` RpAexmSAP RO BY: <br />ANEW Risk Management specialist <br />391.1003 08 16 Includes copyrighted material of Insurance Services Office, Inc., with its permis: <br />01 <br />