|
sanitary sewer system, if the
<br />breakage or cracking is caused by
<br />wear or tear.
<br />But water damage does not include
<br />loss or damage otherwise excluded in
<br />SECTION I - PROPERTY, B. Exclusions,
<br />paragraph 1. g. Water.. Therefore, for
<br />example, there is no coverage in the
<br />situation in which discharge or leakage
<br />of water results from breaking apart of
<br />cracking of a pipe which was caused by
<br />or related to weather -induced "flood"
<br />water, even if wear and tear contributed
<br />to the breakage or cracking. As another
<br />example, and also in accordance with
<br />the terms of the Water Exclusion, there
<br />is no coverage for loss or damage
<br />caused by or related to
<br />weather -induced "flood" water which
<br />follows or is exacerbated by pipe
<br />breakage or cracking attributable to
<br />wear and tear.
<br />To the extent that accidental discharge
<br />or leakage of water falls within the
<br />criteria set forth in paragraphs (1) or (2)
<br />above of this definition of "specified
<br />causes of loss", such water is not
<br />subject to the provisions of SECTION 1 -
<br />PROPERTY, B. Exclusions, paragraph
<br />1., g. Water, which preclude coverage
<br />for surface water or water under the
<br />ground surface.
<br />51. "Stock" means merchandise held in storage
<br />or for sale, raw materials and in process or
<br />finished goods, including supplies used in
<br />their packing or shipping.
<br />52. "Suspension" means:
<br />a. The partial slowdown or complete
<br />cessation of your business activities; or
<br />b. Part or all of the described premises is
<br />rendered untenantable, if coverage for
<br />Business Income applies.
<br />53. "Telephonic services" means use of your:
<br />a. Telephone services;
<br />b. Telephone credit cards; or
<br />c. Telephone access cards.
<br />54. "Theft" means the unlawful taking of
<br />property to the deprivation of the Insured.
<br />55. "Transfer account" means an account
<br />maintained by you at a financial institution
<br />from which you can initiate the transfer,
<br />payment or delivery of "money" and
<br />"securities" by means of:
<br />a. Electronic, telegraphic, cable, teletype,
<br />telefacsimile or telephone instructions
<br />t d d' tl th h
<br />HTanover
<br />aCroup-
<br />ODFD785344 5701644
<br />b. Written instructions (other than those
<br />described in SECTION I - PROPERTY, A.
<br />Coverage, 5. Additional Coverages, k.
<br />Forgery or Alteration) establishing the
<br />conditions under which such transfers are
<br />to be initiated by such financial institution
<br />through an electronic funds transfer
<br />system.
<br />56. "Valuable papers and records" means:
<br />a. Inscribed, printed or written:
<br />(1) Documents;
<br />(2) Manuscripts; and
<br />(3) Records;
<br />including abstracts, books, deeds,
<br />drawings, films, maps or mortgages;
<br />b. If you are a Printer, Publisher or Graphic
<br />Artist by trade, "valuable papers and
<br />records" means negatives, positives,
<br />artwork, separations, plates, dies, molds,
<br />forms, stock manuscripts and other similar
<br />property usual to the graphic arts, printing
<br />or publishing industry, including those
<br />which exist on electronic or magnetic
<br />"media", other than prepackaged software
<br />programs.
<br />But "valuable papers and records" does not
<br />mean "money" or "securities".
<br />SECTION II - LIABILITY
<br />A. Coverages
<br />1. Business Liability
<br />a. We will pay those sums the insured
<br />becomes legally obligated to pay as
<br />damages because of "bodily injury",
<br />"property damage" or "personal and
<br />advertising injury' to which this insurance
<br />applies. We will have the right and duty to
<br />defend the insured against any "suit"
<br />seeking those damages. However, we will
<br />have no duty to defend the insured against
<br />any "suit" seeking damages for "bodily
<br />injury", "property damage" or "personal
<br />and advertising injury", to which this
<br />insurance does not apply. We may, at our
<br />discretion, investigate any "occurrence" or
<br />any offense and settle any claim or "suit"
<br />that may result. But:
<br />(1) The amount we will pay for damages
<br />is limited as described in SECTION II -
<br />LIABILITY, D - Liability and Medical
<br />Expenses Limits of Insurance; and
<br />(2) Our right and duty to defend end when
<br />we have used up the applicable
<br />Limit of Insurance in the payment of
<br />commumca a rec y roug an
<br />electronic funds transfer system; or tztdrrfr,.gftadn
<br />MdDn
<br />'7;"o'a`' RE\Ae&m6APPR 8r
<br />°' A+JU Auamlo
<br />_.
<br />Risk Management Specialist
<br />391-1003 08 16 Includes copyrighted material of Insurance Services Office, Inc., with its permit
<br />
|