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" 86,* 06/15/2012 * SPP 6175202 10 00 Great American Insurance Company of New York <br />488860 <br />(d) underground (beneath the surface (i) waterborne, except while on <br />of the earth); regularly scheduled ferries <br />or railroad car flats; <br />(7) contraband, or property in the course <br />of illegal transportation or trade; <br />(8) building materials and supplies; and <br />(9) office trailers, office furniture, fix- <br />tures and equipment. <br />The most we will pay under this Additional <br />Coverage for the sum of all loss and <br />damage resulting from any one occur- <br />rence is $10,000, unless a higher Limit of <br />Insurance is shown in the Declarations. <br />oo. Installation Floater <br />(1) We will pay for loss to Covered <br />property from any of the Covered <br />Causes of Loss. Covered Property as <br />used in this Additional Coverage, <br />means: <br />All machinery, equipment, fixtures, <br />electrical apparatus, materials and sup- <br />plies intended for installation by you or <br />your subcontractor at the location(s) <br />shown in the Declarations. <br />This may be your property or the <br />property of others for which you are <br />legally liable, in your care, custody or <br />control. <br />(2) In addition to the property identified <br />under A. Coverage, 2. Property Not <br />Covered, for this Additional Coverage, <br />Covered Property does not include the <br />following: <br />(a) buildings or structures that exist <br />prior to installation of Covered <br />Property; <br />(b) bridges, tunnels, piers, wharves <br />and dams all whether or not in the <br />course of construction, recon- <br />struction, renovation or repair; <br />(c) contractor's equipment, machin- <br />ery, tools or similar property <br />which will not become a perma- <br />nent part of the installation; <br />(d) property while: <br />BP 87 92 (Ed. 11/06) XS (Page 3 of 7) <br />(ii) airborne, except while inside <br />an aircraft; or <br />(iii) under water. <br />(e) plans, designs, blueprints, speci- <br />fications, mechanical drawings or <br />similar property; and <br />(f) property stored at your (owned <br />or leased) premises, including a <br />warehouse or storage yard you <br />own or lease. <br />(3) For the purposes of this Additional <br />Coverage, the following exclusions <br />apply in addition to the exclusions <br />found under PART ONE - SAFEPAK@ <br />SPECIAL PROPERTY COVERAGE <br />FORM, B. EXCLUSIONS: <br />(a) Penalties for noncompletion or <br />noncompliance with contract <br />conditions or penalties of any na- <br />ture including liquidated damages <br />(as defined in the construction <br />contract for the specific insured <br />project). <br />(b) Any loss covered under any <br />guarantee, warranty or other ex- <br />pressed or implied obligation of <br />any contractor, manufacturer or <br />supplier. This exclusions applies <br />whether or not such contractor, <br />manufacturer or supplier is a <br />named insured. <br />(4) The most we will pay under this Addi- <br />tional Coverage for the sum of all loss <br />and damage resulting from any one <br />occurrence is $10,000, unless a higher <br />Limit of Insurance is shown in the <br />Declarations. <br />(5) The following additional conditions ap- <br />ply to this Additional Coverage: <br />(a) Where Coverage Applies <br />Coverage applies while Covered <br />Property is: <br />APPROVED AS TO FORM <br />LISA E. STORCK <br />Assistant City Attorney �le <br />