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CNA <br />SB-146936-A <br />(Ed. 01/06) <br />THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />INFLATION GUARD <br />This endorsement modifies insurance provided under the following: <br />BUSINESSOWNERS SPECIAL PROPERTY COVERAGE FORM <br />The following coverage is added to your Businessowners <br />Special Property Coverage Form: <br />Inflation Guard <br />1. The limit of Insurance for Building will be <br />increased by the annual percentage shown in the <br />Declarations, if you choose this optional coverage. <br />The limit of Insurance for Business Personal <br />Property will be increased by the annual <br />percentage shown in the Declarations, if you <br />choose this optional coverage. <br />2. The amount of increase will be: <br />a. The limit that applied on the most recent of <br />the policy inception date, the policy <br />anniversary date, or any other policy change <br />amending the limit; times <br />SB-146936-A <br />(Ed. 01/06) <br />b. The percentage of annual increase shown in <br />the Declarations, expressed as a decimal <br />(example: 5% is .05); times <br />c. The number of days since the beginning of <br />the current policy year or the effective date of <br />the most recent policy change amending the <br />limit, divided by 365. <br />Example: <br />If: the applicable limit is $100,000. <br />The annual increase is 5%. <br />The number of days since the beginning of <br />the policy year (or last policy change) is 146. <br />The amount of increase is: <br />$100,000 x .05 x 146 / 365 = $2,000. <br />APPROVED <br />By Cynthia Mora at 9:57 am, Nov 25, 2024 <br />Page 1 of 1 <br />