LINEAR SYSTEMS 3 -2014 - Laserfiche WebLink

Home Browse Search

losses under Coverage for Loss to the Undamaged Portion of the Building and Demolition Cost. m. Business Income from Dependent Properties When Business Income Coverage is provided under this policy: (1) We will pay for the actual loss of Business Income (not including Extended Business Income), you sustain due to direct physical loss or damage at the premises of a "dependent property" caused by or resulting from any Covered Cause of Loss. The most we will pay under this Additional Coverage is $5,000 per "occurrence ", regardless of the number of "dependent properties" affected. The "dependent property" must be located in the coverage territory. (2) We will reduce the amount of your Business Income loss, other than Extra Expense, to the extent you can resume "operations ", in whole or in part, by using any other available: (a) Source of materials; or (b) Outlet for your products (3) If you do not resume "operations ", or do not resume "operations" as quickly as possible, we will pay based on the length of time it would have taken to resume "operations" as quickly as possible. (4) The coverage period for Business Income under this Additional Coverage: (a) Begins 72 hours after the time of direct physical loss or damage caused by or resulting from any Covered Cause of Loss at the premises of the "dependent property"; and (b) Ends on the date when the property at the premises of the "dependent property" should be repaired, rebuilt or replaced (to the extent necessary to resume operations) with reasonable speed and similar quality or 12 months immediately following the date of direct physical loss or damage, whichever is shorter. (5) The Business Income coverage period, as stated in Paragraph (4), does not include any increased period required due to the enforcement of any ordinance or law that: (a) Regulates the construction, use or repair, or requires the tearing down of any property; or (b) Requires any insured or others to test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, or In any way respond to, or assess the effects of "pollutants ". The expiration date of this policy will not reduce the Business Income coverage period. (6) The definition of Business Income contained in the Business Income Additional Coverage also applies to this Business Income From Dependent Properties Additional Coverage. (7) This Additional Coverage is not subject to the Limits of Insurance of Section I - Property. n. Glass Expenses When caused by or resulting from a Covered Cause of Loss, we will pay for expenses incurred to: (1) Put up temporary plates or board up. openings if repair or replacement of damaged glass is delayed. (2) Replace lettering, artwork, sensors or other Items permanently affixed to, or a part of, the damaged glass. (3) Remove or replace obstructions when repairing or replacing glass that is part of a building. This does not include removing or replacing window displays. o. Fire Extinguisher Systems Recharge Expense (1) When caused by or resulting from a Covered Cause of Loss, we will pay: (a) The cost of recharging or replacing, whichever is less, your fire extinguishers and fire extinguishing systems (including hydrostatic testing if needed) if they are discharged on or within 1000 feet of the described premises; and (b) For loss or damage to Covered Property if such loss or damage is the result of an accidental discharge of chemicals from a fire extinguisher or a fire extinguishing syste m. (2) No coverage will apply if the fire extinguishing system is discharged 391 - 1003 06 09 includes copyrighted material of Insurance Services Page 16 of 66 17,960 Office, Inc. with Its permission