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Collapse as described and limited in (ii) The area within 1,000 feet of paragraphs (1), (2), (3), (4), (5), (6) the building or within 1,000 and (7) above. feet of the premises described e. Water Damage, Other Liquids, Powder in the Declarations, whichever or Molten Material Damage distance is greater (with respect to loss of or damage If loss or damage caused by or resulting to personal property in the from covered water or other liquid, powder o open or personal property in a or molten material damage loss occurs, vehicle); and we will also pay the cost to tear out and replace any part of the building or (iii) Any area within the building or structure to repair damage to the system at the described premises, if or appliance from which the water or other that area services, or is used substance escapes. to gain access to, the portion of the building which you rent, We will not pay the cost to repair any lease or occupy. defect that caused the loss or damage; but we will pay the cost to repair or (b) We will only pay for loss of replace damaged parts of fire Business Income that you sustain extinguishing equipment if the damage: during the "period of restoration" (1) Results in discharge of any substance and that occurs within the designated, consecutive number from an automatic fire protection of months found on the system; or Declarations Page beginning (2) Is directly caused by freezing. immediately after the date of f. Business Income direct physical loss or damage. For purposes of this insurance, all When Business Income Coverage is recoverable loss ceases when the provided under this policy: "period of restoration" ends. (1) Business Income (c) Business Income means the: (a) We will pay for the actual loss of (1) Net Income (Net Profit or Loss Business Income you sustain due before income taxes) that to the necessary "suspension" of would have been earned or your "operations" during the incurred if no physical loss or "period of restoration". The damage had occurred, but not "suspension" must be caused by including any Net Income that direct physical loss of or damage would likely have been earned to a described premises shown in as result of an increase in the the Declarations and for which a volume of business due to Business Income Limit of favorable business conditions Insurance is shown in the caused by the impact of the Declarations. The loss or damage Covered Cause of Loss on must be caused by or result from customers or on other a Covered Cause of Loss. businesses; With respect to loss of or damage (ii) Continuing normal operating to personal property in the open or expenses incurred, including personal property in a vehicle, the "payroll expenses". However, described premises include the if your business is not area within 1,000 feet of such generating any income premises. because you are primarily in With respect to the requirements research or development or set forth in the preceding have not yet brought your paragraph, if you occupy only part product to market, your of a building, your premises mean: continuing normal operating expenses, including 'payroll The portion of the building (1) P g expenses", will not be offset which you rent, lease or by the Net Loss; and occupy; (iii) "Rental Value". 391-1003 08 16 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 10 of 81