LAPTOPSANYTIME (JAVA CONNECTIONS, LLC) (2)

Home Browse Search

"fine arts" will be temporarily on display or exhibit. (2) The following of SECTION I - PROPERTY, B. Exclusions, paragraph 1. do not apply to this Additional Coverage: (a) b. Earth Movement; and (b) g. Water (3) The most we will pay for any loss under this Additional Coverage is $10,000 per occurrence regardless of the number of locations or buildings involved. (4) Special Fine Arts Exclusion We will not pay for any loss caused by or resulting from: (a) Breakage of statuary, glassware, bric-a-brac, marble, porcelain and similar fragile property. But we will pay if the loss or damage is caused directly by a "specified cause of loss", earthquake or "flood" and (b) Any repairing, restoration or retouching of the "fine arts". y. Sales Representative Samples (1) We will pay for direct physical loss or damage by a Covered Cause of Loss to samples of your "stock" in trade (including containers) while: (a) In the custody of your sales representative, agent or any "employee" who travels with sales samples; (2) (3) (4) (b) In your custody while acting as a sales representative; or (c) "In transit' between the described premises and your sales representatives. The following of SECTION I - PROPERTY, B. Exclusions, paragraph 1. do not apply to this Additional Coverage: (a) b. Earth Movement; and (b) g. Water The most we will pay for any loss or damage under this Additional Coverage is $5,000 unless a higher Limit of Insurance is shown in the Additional Property Coverage Schedule. We will not pay for loss to the following property: Hanoover uace Group_ ODFD785344 5701644 (a) Property which has been sold; (b) Jewelry, precious or semiprecious stones, gold, silver, platinum or other precious metals or alloys; (c) Fur, fur garments or garments trimmed with fur; or (d) Any property while waterborne. z. Leasehold Interest (Tenants Only) (1) If your lease is cancelled due to direct physical damage to property at the described premises caused by or resulting from a Covered Cause of Loss, we will pay the net loss you sustain due to increased rent under a replacement lease. (2) The most we will pay for loss because of the cancellation of any lease or leases due to the same covered cause of loss is the lesser of: (a) If your lease is cancelled and either: (1) Your landlord allows you to continue to use your premises under a new lease not to exceed the prevailing lease rate, or (ii) You relocate to other permanent premises and enter into a new lease. For the duration of the lease in effect at the time of the loss, we will pay the increase in rent between what you were paying at the time of loss and the rent you will be required to pay for equivalent premises under the replacement lease; (b) $10,000; or (c) Nothing if there is not a written or legally binding lease. (3) The following applies to paragraph (2), subparagraphs (a)(i) and (a)(ii) above: (a) If the lease in effect at the time of the loss contains a renewal option, the expiration date of the renewal option period will replace the expiration of the current lease. (b) If the lease has no end date (open-ended), we will pay the difference in rent for a period of no more than 24 months after the date of the direct physical damage t^ described, N. 391-1003 08 16 Includes copyrighted material of Insurance services Office, Inc., with its wa u wow = k REVIEViED& APPROVED&C ��f1Le4'� Risk Management Specialist