Commercial Property Insurance

Size: px
Start display at page:

Download "Commercial Property Insurance"

Transcription

1 Commercial Property Insurance Insurance Companies: Alberta School Boards Insurance Exchange Subscribing Insurers Insuring Agreement The Insurer agrees to pay the Insured named on the Coverage Summary for direct loss to the extent provided by the limits, forms and endorsements, for the Policy Period. Property Insurance: Subject to the limits stated on the property schedules provided by each member, coverage is provided for Property of Every Description, as defined in the Commercial Building, Equipment and Stock (Broad Form), including Mobile Equipment / Miscellaneous Articles. Other coverages, limits, terms and conditions as per insuring policy wording. Limits: $100,000,000 maximum any one loss or series of losses arising out of one occurrence for all insured coverages Subject to: Limit of Liability Clause 150% Replacement Cost (excluding Stock) Extension By-Laws Extension 60 days cancellation except for non-payment of premium Deletion of Same Site Restriction Terrorism Exclusion Biological or Chemical Materials Exclusion Asbestos Endorsement Perils Insured: Deductibles: All Risks of direct physical loss or damage, subject to limits, terms and conditions of the Subscribing Insurers policy wording. $5,000 each claim except $5,000 sewer backup $5,000 miscellaneous equipment $25,000 flood 3% or $100,000 earthquake, whichever is greater $1,000 with respect to Certificates ALBESC1 and ASEBP01 only, each claim, except for flood, earthquake and sewer backup extensions

2 Property Insured Buildings, equipment, stock, contents, and property of every description, while at locations you have listed on the schedule, up to the limit shown for that location. If listed on the schedule, contents at a location that is not owned or rented can be covered for the amount shown, but not while in transit. If a new location is purchased or rented, coverage will automatically be added for the value of buildings and contents to a maximum combined limit of $3,000,000, for up to 30 days. If you haven t advised us to add the new location and contents to your schedule during this time, coverage will cease after 30 days, or at policy expiry, whichever occurs first. Equipment and stock are covered while being transported within the territorial limits of Canada and the United States of America, to a maximum value of $250,000. You are required to value your property at full replacement cost value, or coverage could be limited in the event of a loss. If you don t value your property for the full amount, in the event of loss of the entire location, there would not be enough insurance to rebuild and replace the contents. The Margin Clause can provide a cushion to rapidly increasing property values. It will limit the loss payable to a percentage (e.g., 120%) of the value reported at any location or structure. Co-Insurance If you suffer a partial loss to insured property that is greater than 5% (minimum $10,000) of the total value of that location, the co-insurance clause applies. The co-insurance clause requires that you insure your property to replacement cost value, or you pay for a portion of your own loss by the same percentage that you are underinsured. Gross Rentals $150,000 Limit Gross Rentals is the money paid or payable to you by tenants for the rental of your premises. In the event of a claim, you may also suffer a reduction in gross rentals and an increase in the cost of working. This extension covers the amount by which your rents fall short of the usual amount, based on what you made in the previous year, and adjusted for trends and changes. It also covers the additional costs you incur to avoid or diminish the loss of gross rentals, up to the amount saved, and less any costs you don t have because the premises were not rented during that time.

3 Professional Fees $250,000 Limit In the event of a claim, you are required to bear the costs in proving the amount of the loss. This extension covers the costs of specified professionals such as auditors, accountants and engineers who you use to prepare claims information as required. Valuable Papers $500,000 Limit Valuable papers are written, printed or otherwise inscribed documents and records, including books, maps, films, drawings, abstracts, deeds, mortgages and manuscripts, but does not mean money or securities. This coverage applies to valuable papers only while they are at the premises, and, if not in actual use or premises are not open for business, kept in appropriate filing containers. Extra Expense $2,000,000 Limit Direct Damage Insurance pays the cost of any claim to your buildings and contents, but while the damage is being repaired, which can take several weeks or even months, you may have additional expenses above normal to keep operations ongoing. Extra Expense coverage will respond to cover these extra costs. Expenses covered include temporary moving costs, telephone, advertising and rentals. The insurers will not pay more in extra expenses than you save in income by reducing your recovery time. Debris Removal $1,000,000 Limit This provision provides coverage for the cost of removal of debris after a fire to your property. Coverage also extends to include costs of removal of property that is not yours, but which has been blown onto the premises by windstorm. Any costs or expenses due to pollutants are not covered. Fire Department Services Charges $150,000 Limit Coverage is provided to pay sums billed to you where a fire department is called to save or protect your property from loss by fire.

4 By Laws The standard policy excludes payment for increased costs of construction due to changes in bylaws. This insurance extends coverage, without increasing the building limit, to pay for: - loss due to demolition of any undamaged portion of the building - costs of demolishing any undamaged portion of the building and clearing the site - additional costs to comply with current bylaws - costs due to additional time required to rebuild according to bylaws You need to add these costs to your building value to make sure you have sufficient limits if you suffer a loss. Miscellaneous Articles As per Schedule on file with Insurers Additions, Alterations, Repairs $500,000 Limit You are allowed to make additions, alterations or repairs, or construction or renovation projects to a maximum of $500,000, and can keep and use articles, materials and supplies as usually required to do this. Property Protection Systems You must notify the insurer immediately as soon as you become aware of any interruption to, or flaw or defect, affecting the operation of any sprinkler, fire extinguishing or detection system, or intrusion detection system. You must also notify the insurer of any cancellation or non-renewal of monitoring or maintenance contracts, or of suspension of police response, relating to these systems. Key Coverage Points Coverage is for direct damage caused by the perils insured against only. Coverage is provided only for losses that occur during the policy period. Insurers have the right and duty to defend any action. Insured persons and organizations have the obligation to assist and cooperate with the insurers in the settling and enforcing the coverage. Insurers reserve the right to (i) investigate any claim and (ii) settle any claim or action at its discretion.

5 Key Exclusions Property Excluded There is no coverage for loss or damage caused directly or indirectly to: - Sewers, drains and watermains located outside the property line - Property at locations which you know are vacant, unoccupied or shut down for more than ninety (90) consecutive days. Buildings which are closed for normal school break periods are not considered vacant or unoccupied. - Electrical devices, appliances or wiring caused by electricity, including arcing this is covered by Boiler/Equipment Breakdown policy. Damage caused by fire or explosion which results from damage caused by electricity is covered. Damage caused by lightning is covered. - Outside trees, shrubs, flowers - Money, bullion, precious metals, stamps, tickets - Any type of damage to automobiles, watercraft, aircraft - Furs, jewellery, unless under $10,000 and caused by a named peril - Property illegally acquired, kept, stored or transported - Any property covered or which should be covered under a boiler and machinery form of insurance Perils Excluded There is no coverage for loss or damage caused directly or indirectly by: - Seepage, leakage or influx of water through basement walls, doors, windows or other openings; - Centrifugal force, mechanical or electrical breakdown or derangement; unless it causes fire, then only for damage caused by the fire; - Dampness or dryness of atmosphere, changes in temperature, freezing, heating, rust or corrosion, marring, scratching. Damage to pipes caused by freezing is covered; - Smoke from agricultural smudging or industrial operations; - Rodents, insects or vermin; - Delay, loss of market, loss of use; - War, invasion, hostilities, civil war, rebellion, insurrection; - Any type of Nuclear incident; - Infidelity or dishonesty by the insured, employees or agents; - To buildings by snowslide, landslide, subsidence or other earth movement; - Explosion, collapse, rupture, bursting, etc of any property which should be covered under a boiler and machinery form of insurance; - Wear, tear, gradual deterioration, hidden defect or vice, cost of making good faulty or improper materials or workmanship or design; - Loss to equipment or stock while being worked on because of the work you performed on it; - Pollution and any expense related to it; - Data or loss caused by data problem; - Fungi and fungal derivatives and any expense related to it.

6 Extensions of Coverage provide coverage for additional types of losses, but only up to any sub-limit shown, and do not increase the total amount of insurance you have at that location. - Removal if you have to remove some property from the location to prevent it from being damaged or further damaged, for up to 120 days, a proportion of the insurance value goes with it. If the policy expires in the meantime, coverage ceases. - Removal of Debris Up to 25% of the loss value is available to remove debris caused by the insured loss, from your premises. If a windstorm blows debris from elsewhere onto your property, the expense to remove the debris is covered. Any costs or expenses due to pollutants are not covered. - Personal property of students, officers and employees can be covered to a maximum of $2,500 any one such person, if you are obligated to insure it, or are liable for its loss. Coverage applies only at a location listed on the schedule and any values are included in the limit of insurance at that location. - Building Damage by Theft (except by fire) if a building you do not insure (i.e. you rent a portion of the premises) is damaged by theft or attempted theft, or vandalism or malicious acts during such theft or attempted theft, and you are legally liable for the damage, this can be covered to a maximum of $25,000 any one loss. Glass and lettering or ornamentation is not covered. - Growing Plants, Trees, Shrubs or Flowers in the Open if damage is caused directly by Named Perils (except Windstorm or Hail), or caused by theft or attempted theft, this can be covered to a maximum of $50,000, limited to $2,500 for each growing plant, tree, shrub or flower in the open. Any debris removal required is included in the limit. Please note this is a coverage summary only. The policy may contain limits, warranties and exclusions that will limit the coverage available under the policy. Please refer to the actual contract of insurance for complete terms and conditions.

Consumer s Quick Check Guide Dwelling Property Policy

Consumer s Quick Check Guide Dwelling Property Policy Explanation of Coverage Limits and Options Consumer s Quick Check Guide Dwelling Property Policy There are three Dwelling Policy Forms offered in the State of Florida. This Consumer s Quick Check Guide

More information

Causes of Loss Forms (Chapter 5)

Causes of Loss Forms (Chapter 5) Causes of Loss Forms (Chapter 5) Overview of Chapter 5 I. Insuring agreement II. Causes of loss forms A. Basic B. Broad C. Special D. Exclusions E. Special form additional concurrent causation exclusion

More information

Tenants Contents Insurance Policy Summary

Tenants Contents Insurance Policy Summary Tenants Contents Insurance Policy Summary This document is a guide to the cover provided under Your Tenants Contents policy. It is only a summary and does not contain the full terms and conditions of the

More information

Businessowners P olicy (BOP)

Businessowners P olicy (BOP) 8 Businessowners P olicy (BOP) O h i o P r o p e r t y a n d C a s u a l t y I n s u r a n c e Businessowners Policy (BOP) Insurance companies have identified the six types of businesses that have been

More information

Introduction. Agreement. Definitions

Introduction. Agreement. Definitions Introduction This is your Chubb Masterpiece Policy. Together with Your Coverage and Premium Summary, it explains your coverages and other conditions of your insurance in detail. This policy is a contract

More information

Rental Dwelling Policy Comparison

Rental Dwelling Policy Comparison Rental Dwelling Policy Comparison Coverage under the attached renewal policy is provided on our new Rental Dwelling Policy form DH 25-05 (01-97). As a result of this certain areas of coverage are broader

More information

Consumer s Quick Check Guide Condominium Unit-Owners Policy

Consumer s Quick Check Guide Condominium Unit-Owners Policy Consumer s Quick Check Guide Condominium Unit-Owners Policy Explanation of Coverage Limits and Options: This Consumer s Quick Check Guide to the Condominium Unit-Owners Policy is based, in part, on Insurance

More information

Coverages 3. Debris Removal Coverage 4. Policy Exclusions 5. Limits Of Insurance 8. Deductible 9. Loss Payment Basis 9

Coverages 3. Debris Removal Coverage 4. Policy Exclusions 5. Limits Of Insurance 8. Deductible 9. Loss Payment Basis 9 Mobile Equipment Table of Contents Section Page No. Coverages 3 Debris Removal Coverage 4 Policy Exclusions 5 Limits Of Insurance 8 Deductible 9 Loss Payment Basis 9 Loss Payment Basis Exceptions 10 Loss

More information

Builders Risk - Sticks & Stones CAN Hurt You! sponsored by

Builders Risk - Sticks & Stones CAN Hurt You! sponsored by Builders Risk - Sticks & Stones CAN Hurt You! sponsored by BUILDER S RISK - Sticks & Stones CAN Hurt You! Robin Federici, CPCU, AAI, ARM, AINS, AIS, CPIW PO BOX 781 NORTH KINGSTOWN, RI 02852 Phone: 401-294-3557

More information

Guide to property insurance cover

Guide to property insurance cover Guide to property insurance cover Introduction All properties require some form of insurance and we have arranged a comprehensive block building insurance for our properties. This provides cover for all

More information

Property Owner s Summary of Cover

Property Owner s Summary of Cover Property Owner s Summary of Cover The following is a summary of the policy and does not contain the full terms and conditions, which can be found in the policy. It is important that you read the policy

More information

Building Under Construction

Building Under Construction Building Under Construction Table of Contents Section Page No. Premises Coverages 3 Additional Coverages 5 Debris Removal Coverage 7 When Coverage Ceases 8 Policy Exclusions 8 Limits Of Insurance 15 Deductible

More information

Storage Operator s Contract Liability Policy

Storage Operator s Contract Liability Policy Storage Operator s Contract Liability Policy AGREEMENT We will provide the insurance described in this policy in return for the premium and compliance with all provisions of this policy. DEFINITIONS We,

More information

MATERIAL DAMAGE AND BUSINESS INTERRUPTION INSURANCE SUGGESTED WORDINGS

MATERIAL DAMAGE AND BUSINESS INTERRUPTION INSURANCE SUGGESTED WORDINGS MATERIAL DAMAGE AND BUSINESS INTERRUPTION INSURANCE SUGGESTED WORDINGS Competition Law Compliance: This document has been produced by the ABI to assist members in their handling of a particular matter.

More information

Home Auto Business Agricultural Good to know. Special Coverages. Policy booklet. www.sgicanada.ca 2270 OC-21 01/2013. Saskatchewan

Home Auto Business Agricultural Good to know. Special Coverages. Policy booklet. www.sgicanada.ca 2270 OC-21 01/2013. Saskatchewan Home Auto Business Agricultural Good to know Special Coverages Policy booklet www.sgicanada.ca 2270 OC-21 01/2013 Saskatchewan Table of Contents Special Coverage for Seasonal Dwelling Outbuildings and

More information

C12 INSURANCE ON PROPERTY

C12 INSURANCE ON PROPERTY Sample Exam C12 INSURANCE ON PROPERTY IMPORTANT The time allowed for this exam is 3 hours. Total marks: 200 You must hand in this paper and any paper used for rough work to the supervisor when you leave

More information

BUILDING AND PERSONAL PROPERTY COVERAGE PART

BUILDING AND PERSONAL PROPERTY COVERAGE PART BUILDING AND PERSONAL PROPERTY COVERAGE PART We cover direct physical loss to covered property at the premises described on the declarations caused by a covered peril. PROPERTY COVERED We cover the following

More information

SPECIAL PROVISIONS ñ NEW YORK

SPECIAL PROVISIONS ñ NEW YORK HOMEOWNERS HO 01 31 10 02 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. SPECIAL PROVISIONS ñ NEW YORK SECTION I ñ PROPERTY COVERAGES E. Additional Coverages 6. Credit Card, Electronic

More information

Your home insurance policy Features and benefits HMP FAB 2014 05 V1.0. FBD Insurance plc is regulated by the Central Bank of Ireland

Your home insurance policy Features and benefits HMP FAB 2014 05 V1.0. FBD Insurance plc is regulated by the Central Bank of Ireland Your home insurance policy Features and benefits HMP FAB 2014 05 V1.0 FBD Insurance plc is regulated by the Central Bank of Ireland FBD has over 40 years insurance experience and today we are one of Ireland

More information

Landlord s Household Insurance Policy Summary

Landlord s Household Insurance Policy Summary Landlord s Household Insurance Policy Summary This document is a guide to the cover provided under Your Landlords Household policy. It is only a summary and does not contain the full terms and conditions

More information

Personal and Business Property Table of Contents. Chapter One: Property Insurance Terms and Concepts 9-13

Personal and Business Property Table of Contents. Chapter One: Property Insurance Terms and Concepts 9-13 Personal and Business Property Table of Contents Chapter One: Property Insurance Terms and Concepts 9-13 Insurance Insurable Interest Risk Hazard Peril Loss Proximate Cause Deductible Indemnity Actual

More information

DWELLING PROPERTY 1BASICFORM

DWELLING PROPERTY 1BASICFORM DWELLING PROPERTY 1BASICFORM AGREEMENT We will provide the insurance described in this policy in return for the premium and compliance with all applicable provisions of this policy. DEFINITIONS Throughout

More information

AGREEMENT DEFINITIONS COVERAGES

AGREEMENT DEFINITIONS COVERAGES Dwelling Property 1 Basic Form Ed. 7-88 AGREEMENT We will provide the insurance described in this policy in return for the premium and compliance with all applicable provisions of this policy. DEFINITIONS

More information

RESIDENTIAL PROPERTY OWNERS INSURANCE POLICY SUMMARY

RESIDENTIAL PROPERTY OWNERS INSURANCE POLICY SUMMARY RESIDENTIAL PROPERTY OWNERS INSURANCE POLICY SUMMARY RESIDENTIAL PROPERTY OWNERS INSURANCE POLICY SUMMARY This document is a summary of your Policy and other key information about the insurance cover that

More information

Insurer Name: Insurance Company Policy Period: 10/01/2010 09/30/2011 Type of Policy: Homeowners Important 11Things

Insurer Name: Insurance Company Policy Period: 10/01/2010 09/30/2011 Type of Policy: Homeowners Important 11Things Insurer Name: Insurance Company Policy Period: 10/01/2010 09/30/2011 Type of Policy: Homeowners Important 11Things YOU NEED TO KNOW ABOUT YOUR HOMEOWNERS POLICY. 1What s covered by my policy? The Property

More information

Tenants Contents Insurance Policy Summary

Tenants Contents Insurance Policy Summary Tenants Insurance Policy Summary This is a summary and does not contain the full terms and conditions of the cover, which can be found in the Tenants Policy Wording version 0709. It is important that you

More information

AGREEMENT DEFINITIONS COVERAGES

AGREEMENT DEFINITIONS COVERAGES Dwelling Property 3 Special Form Ed. 7-88 AGREEMENT We will provide the insurance described in this policy in return for the premium and compliance with all applicable provisions of this policy. DEFINITIONS

More information

SCHEDULE 11 INSURANCE REQUIREMENTS

SCHEDULE 11 INSURANCE REQUIREMENTS SCHEDULE 11 INSURANCE REQUIREMENTS 1. GENERAL 1.1 Capitalized Terms Capitalized terms used in this Schedule have the definitions as set out in the Agreement to Design, Build, Finance and Maintain Three

More information

COMMERCIAL INSURANCE

COMMERCIAL INSURANCE COMMERCIAL INSURANCE TABLE OF CONTENTS CHAPTER I PROPERTY 13009 COMMERCIAL BUILDING, EQUIPMENT AND STOCK (NAMED PERILS)... 2 1. INDEMNITY AGREEMENT... 2 2. PROPERTY INSURED... 2 3. DEDUCTIBLE... 2 4. CO-INSURANCE...

More information

Coverage that fits your lifestyle

Coverage that fits your lifestyle CONDOMINIUM UNITOWNERS Coverage that fits your lifestyle Your condominium (condo) association may include insurance for the building s structure, but covering your unit and personal possessions is up to

More information

"Contents" means unscheduled personal property you or a family member owns or possesses.

Contents means unscheduled personal property you or a family member owns or possesses. What Is Covered This part of your Masterpiece Policy provides you with coverage against all risks of physical loss to your contents anywhere in the world unless stated otherwise or an exclusion applies.

More information

BUILDERS RISK COVERAGE FORM

BUILDERS RISK COVERAGE FORM BUILDERS RISK COVERAGE FORM COMMERCIAL PROPERTY CP 00 20 10 12 Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and what is and is not covered.

More information

Business Income With Extra Expense And Research And Development Income Coverage

Business Income With Extra Expense And Research And Development Income Coverage Business Income With Extra Expense Table of Contents Section Page No. Premises Coverages 3 Additional Coverages 6 Limits Of Insurance 12 Waiting Period 12 Loss Determination 12 Duration Of Loss Research

More information

OPTIMA TRADE PLUS SUMMARY OF COVER

OPTIMA TRADE PLUS SUMMARY OF COVER ABC OPTIMA TRADE PLUS SUMMARY OF COVER This document provides a guide to the cover provided. It is however only a summary of the terms of cover and does not contain full details of the insurance policy

More information

BUILDER'S RISK COVERAGE FORM. This form is subject to the information in the Declarations and the Policy Conditions, Schedules and Endorsements.

BUILDER'S RISK COVERAGE FORM. This form is subject to the information in the Declarations and the Policy Conditions, Schedules and Endorsements. BUILDER'S RISK COVERAGE FORM This form is subject to the information in the Declarations and the Policy Conditions, Schedules and Endorsements. Throughout this policy, the words you and your refer to the

More information

Condominium Home Owners Association A non-profit association serving strata owners since 1976 Bulletin: 400-006 Updated to June 29, 2011

Condominium Home Owners Association A non-profit association serving strata owners since 1976 Bulletin: 400-006 Updated to June 29, 2011 Allyson Baker, Clark Wilson LLP Condominium Home Owners Association A non-profit association serving strata owners since 1976 Bulletin: 400-006 Updated to June 29, 2011 Until property is damaged or some

More information

Renters Insurance. When you want to leave nothing to chance.

Renters Insurance. When you want to leave nothing to chance. Renters Insurance When you want to leave nothing to chance. Property Coverage The Renters Policy protects your possessions in the event of: Fire Lightning Windstorm Hail Explosion Riot Aircraft Damage

More information

Your. Select. Insurance Policy. Office Salon Realty Retail Professional Wholesale

Your. Select. Insurance Policy. Office Salon Realty Retail Professional Wholesale Your Select Insurance Policy Office Salon Realty Retail Professional Wholesale Wawanesa Insurance A Great Canadian Success Story Wawanesa Insurance was founded in 1896 in the village of Wawanesa, Manitoba.

More information

COMPARISON OF SELECT STANDARD TEXAS DWELLING FIRE FORMS WITH ISO DP3

COMPARISON OF SELECT STANDARD TEXAS DWELLING FIRE FORMS WITH ISO DP3 COMPARISON OF SELECT STANDARD TEXAS DWELLING FIRE FORMS WITH ISO DP3 www.imga.biz COMPARISON OF SELECT STANDARD TEXAS DWELLING FIRE FORMS WITH ISO DP3 COVERED PROPERTY PERILS INSURED AGAINST EXTENSIONS

More information

INFORMATION NOTICE RENTERS POLICY SUMMARY AND RELATED DISCLOSURES

INFORMATION NOTICE RENTERS POLICY SUMMARY AND RELATED DISCLOSURES INFORMATION NOTICE RENTERS POLICY SUMMARY AND RELATED DISCLOSURES THIS INFORMATIVE OOKLET, CONTAINING: a) Information notice, including policy summary and related disclosures, and b) Glossary, SHALL E

More information

Covered Causes of Loss (Lecture 5)

Covered Causes of Loss (Lecture 5) Overview of Lecture 5 (chapter 5 CPCU 3) I. Insuring agreement Covered Causes of Loss (Lecture 5) II. Causes of loss forms A. Basic B. Broad C. Special D. Exclusions E. Special form additional concurrent

More information

Condominium Unitowners Insurance

Condominium Unitowners Insurance Condominium Unitowners Insurance Coverage that fits your lifestyle Your condominium (condo) association may include insurance for the building s structure, but covering your unit and personal possessions

More information

STATE PROPERTY FIRE INSURANCE FUND BROAD FORM CAUSES OF LOSS & EXCLUSIONS (Refer to General Property Coverage Policy for Coverage and Conditions)

STATE PROPERTY FIRE INSURANCE FUND BROAD FORM CAUSES OF LOSS & EXCLUSIONS (Refer to General Property Coverage Policy for Coverage and Conditions) STATE PROPERTY FIRE INSURANCE FUND BROAD FORM CAUSES OF LOSS & EXCLUSIONS (Refer to General Property Coverage Policy for Coverage and Conditions) A. Covered Causes of Loss When Broad Form is shown in the

More information

Premises Coverages 3. Additional Coverages 4. Debris Removal Coverage 6. Policy Exclusions 6. Accounts Receivable Exclusions 9. Fine Arts Exclusions 9

Premises Coverages 3. Additional Coverages 4. Debris Removal Coverage 6. Policy Exclusions 6. Accounts Receivable Exclusions 9. Fine Arts Exclusions 9 Accounts Receivable, Fine Arts, Money And Securities And Valuable Papers Contract Table of Contents Section Page No. Premises Coverages 3 Additional Coverages 4 Debris Removal Coverage 6 Policy Exclusions

More information

Optimum Property Comparison to Property Plus

Optimum Property Comparison to Property Plus Optimum Property Comparison to Property Plus Our Optimum Property provides a comprehensive suite of coverages. This document provides a comparison between the Optimum Property coverage form and the Property

More information

SCHEDULE 11 INSURANCE REQUIREMENTS

SCHEDULE 11 INSURANCE REQUIREMENTS SCHEDULE 11 SCHEDULE 11 DBFO AGREEMENT INSURANCE REQUIREMENTS 1. GENERAL 1.1 Capitalized Terms Capitalized terms used in this Schedule have the definitions as set out in the Agreement to Design, Build,

More information

Comprehensive Property Protection Plan

Comprehensive Property Protection Plan Comprehensive Property Protection Plan Boiler and Machinery/Equipment Breakdown Program Policy Guide A. COVERAGE SUMMARY The Boiler and Machinery Insurance Policy will pay for direct damage to covered

More information

All about. home. insurance

All about. home. insurance All about home insurance Legal Deposit Bibliothèque et Archives nationales du Québec, 2011 Legal Deposit Library and Archives Canada, 2011 Table of contents Buying home insurance 4 Who is insured? 4 Who

More information

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY COMMERCIAL PROPERTY EXTENSION

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY COMMERCIAL PROPERTY EXTENSION ENDORSEMENT NO. ATTACHED TO AND FORMING A PART OF POLICY NUMBER ENDORSEMENT EFFECTIVE DATE (12:01 A.M. STANDARD TIME) NAMED INSURED AGENT NO. THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY

More information

AGREEMENT DEFINITIONS COVERAGES

AGREEMENT DEFINITIONS COVERAGES Dwelling Property 1 Basic Form Ed. 7-88 AGREEMENT We will provide the insurance described in this policy in return for the premium and compliance with all applicable provisions of this policy. DEFINITIONS

More information

Electronic Device Protection

Electronic Device Protection Name and Address of Authorized Representative Karen Gallagher DBA Worth Ave. Group, LLC 1401 S. Western Road Stillwater, Oklahoma 74076-2137 1.800.620.2885 Electronic Device Protection With Accidental

More information

Home Insurance. Your policy summary AXA ABC

Home Insurance. Your policy summary AXA ABC Home Insurance Your policy summary AXA ABC February 2014 Policy summary This policy summary does not contain full details and conditions of your insurance these are located in your policy booklet. This

More information

RESIDENTIAL PROPERTY OWNERS INSURANCE POLICY SUMMARY

RESIDENTIAL PROPERTY OWNERS INSURANCE POLICY SUMMARY RESIDENTIAL PROPERTY OWNERS INSURANCE POLICY SUMMARY RESIDENTIAL PROPERTY OWNERS INSURANCE POLICY SUMMARY This document is a summary of your Policy and other key information about the insurance cover that

More information

Business Income With Extra Expense

Business Income With Extra Expense Business Income With Extra Expense Table of Contents Section Page No. Premises Coverages 3 Additional Coverages 5 Limits Of Insurance 11 Waiting Period 11 Loss Determination 11 Loss Payment Option 12 Loss

More information

CONTRACTORS ALL RISKS INSURANCE POLICY

CONTRACTORS ALL RISKS INSURANCE POLICY CONTRACTORS ALL RISKS INSURANCE POLICY WHEREAS THE INSURED named in the Schedule hereto has made to Cumberland Insurance & Reinsurance Company Limited (hereinafter called "the Insurers") a written proposal

More information

BUSINESS INTERRUPTION COVERAGE

BUSINESS INTERRUPTION COVERAGE POLICY NUMBER: COMMERCIAL AUTO CA 99 05 02 14 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. BUSINESS INTERRUPTION COVERAGE This endorsement modifies insurance provided under the following:

More information

Depot/Shop Insurance. Supporting the work of POLICY SUMMARY

Depot/Shop Insurance. Supporting the work of POLICY SUMMARY Depot/Shop Insurance Supporting the work of POLICY SUMMARY Depot and Shop Insurance made simple Unity Insurance Services has created a no nonsense answer to insuring shops and depot operations in the United

More information

BUILDERS RISK COVERAGE FORM

BUILDERS RISK COVERAGE FORM BUILDERS RISK COVERAGE FORM COMMERCIAL INLAND MARINE IH 00 70 09 09 Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and what is and is

More information

UCLA Procedure 300.2: University Property Insurance, Securing Coverage and Claims Reporting

UCLA Procedure 300.2: University Property Insurance, Securing Coverage and Claims Reporting UCLA Procedure 300.2: University Property Insurance, Securing Coverage and Claims Reporting Issuing Officer: Associate Vice Chancellor, Business & Financial Services Responsible Dept: Office of Insurance

More information

COMMERCIAL PROPERTY ENHANCEMENT ENDORSEMENT

COMMERCIAL PROPERTY ENHANCEMENT ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. COMMERCIAL PROPERTY ENHANCEMENT ENDORSEMENT This endorsement modifies insurance provided under the following: BUILDING AND PERSONAL PROPERTY

More information

CAUSES OF LOSS BASIC FORM

CAUSES OF LOSS BASIC FORM CAUSES OF LOSS BASIC FORM COMMERCIAL PROPERTY CP 10 10 06 07 A. Covered Causes Of Loss When Basic is shown in the Declarations, Covered Causes of Loss means the following: 1. Fire. 2. Lightning. 3. Explosion,

More information

Glossary of Insurance Terms

Glossary of Insurance Terms Accounts Receivable... Inland Marine Actual Cash Value (ACV)... Property Advertising Injury...General Liability Agreed Amount... Property Blanket Additional Insured...General Liability Blanket Limit...

More information

Builder s Risk Checklist. Insurance Coverage Action Plan

Builder s Risk Checklist. Insurance Coverage Action Plan Builder s Risk Checklist Insurance Coverage Action Plan Table of Contents 1. General Information...3 2. Policyholder...4 3. Please attach complete copies of all project documents...5 4. Types of Risk Policy

More information

Personal property insurance: homeowner and auto insurance.

Personal property insurance: homeowner and auto insurance. Insurance and Social Insurance Personal property insurance: homeowner and auto insurance. Agenda Homeowners Insurance Basics Analysis of Homeowners 3 Policy Section I Coverages Section I Perils Insured

More information

CC-EVER001-16 Exhibit I: Insurance Page I-1 EXHIBIT I INSURANCE REQUIREMENTS

CC-EVER001-16 Exhibit I: Insurance Page I-1 EXHIBIT I INSURANCE REQUIREMENTS CC-EVER001-16 Exhibit I: Insurance Page I-1 EXHIBIT I INSURANCE REQUIREMENTS SEC. 1. INSURANCE REQUIREMENTS The Concessioner shall obtain and maintain during the entire term of this Contract, at its sole

More information

Commercial Building and Contents Broad Form

Commercial Building and Contents Broad Form Commercial Building and Contents Broad Form WORDS AND PHRASES IN QUOTATION MARKS HAVE SPECIAL MEANING AS DEFINED IN CLAUSE 18 1. INDEMNITY AGREEMENT In the event that any of the insured property is lost

More information

MORTGAGE HOLDERS ERRORS AND OMISSIONS COVERAGE FORM

MORTGAGE HOLDERS ERRORS AND OMISSIONS COVERAGE FORM COMMERCIAL PROPERTY MORTGAGE HOLDERS ERRORS AND OMISSIONS COVERAGE FORM Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and what is and

More information

San Antonio, Texas 78288

San Antonio, Texas 78288 USAA GROUP 9800 Fredericksburg Road San Antonio, Texas 78288 YOUR DWELLING POLICY READ YOUR POLICY, DECLARATIONS AND ENDORSEMENTS CAREFULLY. The Dwelling Policy insurance contract between you and us consists

More information

Contract Works and What you need to Know

Contract Works and What you need to Know ACN 002 566 743 Brookvale Insurance Brokers Pty Ltd Contract Works and What you need to Know 1. The Need for Contract Works Insurance The growth of large-scale construction projects has been accompanied

More information

INSURANCE REQUIREMENTS (A) This insert applies to the following State Contracts:

INSURANCE REQUIREMENTS (A) This insert applies to the following State Contracts: INSURANCE REQUIREMENTS (A) This insert applies to the following State Contracts: General Conditions of the Construction Contract Design/Bid/Build (SC-6.23), or Contractors Agreement Design/Bid/Build (SC-6.21),

More information

Texas Homeowners Insurance Policy Comparison. Report to the 82 nd Texas Legislature as required by Senate Bill 1 (81 st Legislature, 2009)

Texas Homeowners Insurance Policy Comparison. Report to the 82 nd Texas Legislature as required by Senate Bill 1 (81 st Legislature, 2009) Texas Homeowners Insurance Policy Comparison Report to the 82 nd Texas Legislature as required by Senate Bill 1 (81 st Legislature, 2009) TEXAS HOMEOWNERS INSURANCE POLICY COMPARISON EXECUTIVE SUMMARY

More information

TripleGuard TM Insurance

TripleGuard TM Insurance TripleGuard TM Insurance Canadian Dentists Insurance Program THREE TYPES OF OFFICE COVERAGE IN ONE PLAN AND AN AVAILABLE BUILDING INSURANCE OPTION Fire, theft, privacy breaches and lawsuits are just a

More information

Summary of Cover Commercial Retail Policy

Summary of Cover Commercial Retail Policy Summary of Cover Commercial Retail Policy The information provided in this policy summary is key information you should read. This policy summary does not contain the full terms and conditions of the cover,

More information

RENTERS PROTECTION POLICY - BROAD PERSONAL PROPERTY -

RENTERS PROTECTION POLICY - BROAD PERSONAL PROPERTY - RENTERS PROTECTION POLICY - BROAD PERSONAL PROPERTY - PERSONAL PROPERTY describes the coverage you have in case of loss to your household goods and other personal property. PERSONAL PROPERTY is not complete

More information

BUILDERS RISK COVERAGE FORM

BUILDERS RISK COVERAGE FORM CP 00 20 06 95 BUILDERS RISK COVERAGE FORM Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties what is is not covered. Throughout this policy

More information

KEY FACTS ABOUT THIS HOME BUILDING POLICY

KEY FACTS ABOUT THIS HOME BUILDING POLICY KEY FACTS ABOUT THIS HOME BUILDING POLICY Chubb s at: Masterpiece Personal Insurance Prepared On: July 10th 2014 THIS IS NOT AN INSURANCE CONTRACT 1 ABN 69 003 710 647 AFSL: 239778 STEP Understanding the

More information

Business Income Without Extra Expense

Business Income Without Extra Expense Business Income Without Extra Expense Table of Contents Section Page No. Premises Coverages 3 Additional Coverages 5 Limits Of Insurance 10 Waiting Period 10 Loss Determination 10 Loss Payment Option 11

More information

The Business Edge Multi-Peril Extension Endorsement

The Business Edge Multi-Peril Extension Endorsement The Business Edge Multi-Peril Extension Endorsement Unless specifically endorsed on the "Declaration Page(s)", the limits stated below apply to the coverage, subject to the deductible shown for the Commercial

More information

General Dwelling Protector

General Dwelling Protector Home Auto Business Good to know General Dwelling Protector Policy booklet www.coachmaninsurance.ca 8021 CGD-10 01/2013 Table of Contents General Dwelling Protector... 1 Definitions... 2 Coverage... 3 Part

More information

Farmers Homeowners Insurance

Farmers Homeowners Insurance Farmers Homeowners Insurance Cover your biggest investment Coverage you need, the options you want Your home is perhaps your most valuable possession. You need the best coverage available at a reasonable

More information

WAREHOUSE OPERATORS LEGAL LIABILITY COVERAGE FORM

WAREHOUSE OPERATORS LEGAL LIABILITY COVERAGE FORM COMMERCIAL INLAND MARINE IH 00 81 09 09 WAREHOUSE OPERATORS LEGAL LIABILITY COVERAGE FORM Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties

More information

CAUSES OF LOSS SPECIAL FORM

CAUSES OF LOSS SPECIAL FORM CAUSES OF LOSS SPECIAL FORM COMMERCIAL PROPERTY CP 10 30 04 02 Words and phrases that appear in quotation marks have special meaning. Refer to Section F. Definitions. A. Covered Causes Of Loss When Special

More information

Residential Property Owners Insurance Policy Summary

Residential Property Owners Insurance Policy Summary Residential Property Owners Insurance Policy Summary This is a Policy Summary only and does not contain full terms and conditions of the contract of insurance. These can be found in the Policy document,

More information

Consumer Guide to Manufactured-Homeowners Insurance North Carolina Department of Insurance

Consumer Guide to Manufactured-Homeowners Insurance North Carolina Department of Insurance Consumer Guide to Manufactured-Homeowners Insurance North Carolina Department of Insurance Wayne Goodwin, Insurance Commissioner A Message from the Commissioner The North Carolina Department of Insurance

More information

SCHEDULE. The most we will pay in any occurrence for: direct physical loss or damage; business income or rental income loss; and

SCHEDULE. The most we will pay in any occurrence for: direct physical loss or damage; business income or rental income loss; and Property Insurance Endorsement Policy Period Effective Date Policy Number Insured Name of Company Date Issued This Endorsement applies to the following forms: SCHEDULE Limits Of Insurance Subsidiary Limits

More information

UPDATED SECTION 8. (If you are testing on or after July 1, 2006 please study this in place of Section 8 in your book) 2006 Businessowners Policy

UPDATED SECTION 8. (If you are testing on or after July 1, 2006 please study this in place of Section 8 in your book) 2006 Businessowners Policy UPDATED SECTION 8 (If you are testing on or after July 1, 2006 please study this in place of Section 8 in your book) 2006 Businessowners Policy The BOP (Businessowner's Policy) is a package policy especially

More information

POLICYHOLDER NOTICE YOUR NEW BUSINESSOWNERS POLICY

POLICYHOLDER NOTICE YOUR NEW BUSINESSOWNERS POLICY ST-7680 (Ed. 04-12) New policy look. Same quality. POLICYHOLDER NOTICE YOUR NEW BUSINESSOWNERS POLICY Thank you for renewing your insurance with Harleysville. Your business insurance for your garage operations

More information

BROADENED PROPERTY COVERAGE EXTENSION

BROADENED PROPERTY COVERAGE EXTENSION COMMERCIAL PROPERTY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. BROADENED PROPERTY COVERAGE EXTENSION This endorsement modifies insurance provided under the following: COMMERCIAL PROPERTY

More information

Builders Risk Application

Builders Risk Application Builders Risk Application Name of Project GENERAL INFORMATION NAMED INSURED GENERAL CONTRACTOR ARCHITECT LENDER PROJECT INFORMATION Project Name Project Location Start Date No. of Months TYPE OF CONSTRUCTION

More information

belongings? It may surprise you to know that the average renter purchases approximately

belongings? It may surprise you to know that the average renter purchases approximately Renters Insurance State Farm coverage for just pennies a day belongings? It may surprise you to know that the average renter purchases approximately own if something should happen? With a State Farm Renters

More information

PROPERTY OWNERS INSURANCE PROPOSAL

PROPERTY OWNERS INSURANCE PROPOSAL PROPERTY OWNERS INSURANCE PROPOSAL Please use BLOCK CAPITALS and tick boxes where applicable. Where requested enter further details in the space provided. If there is insufficient space please continue

More information

Small Business Office Summary of Cover CONTENTS

Small Business Office Summary of Cover CONTENTS Small Business Office Summary of Cover CONTENTS What is a Summary of Cover This Summary of Cover was written to provide you with the main features of our Contents insurance. The purpose of this document

More information

Tenant/Condominium Unit Owner s Insurance

Tenant/Condominium Unit Owner s Insurance Home Auto Business Good to know Tenant/Condominium Unit Owner s Insurance Policy booklet www.icpei.ca 7008 MTC-10 07/2014 Table of Contents Insurance for Tenants and Condominium Unit Owners... 3 Part 1

More information

Introduction: The Building and Personal Property Coverage Form CP

Introduction: The Building and Personal Property Coverage Form CP Table of Contents Introduction: The Building and Personal Property Coverage Form CP 00 10...1 Property Coverage Forms...2 ISO Rules...3 Underwriting...5 The National Underwriter Company Coverage Guides...6

More information

Pollution or contamination unless arising from a defined peril. Malicious damage in Northern Ireland

Pollution or contamination unless arising from a defined peril. Malicious damage in Northern Ireland Owners This document is a guide to the cover provided under your Owners policy. It is only a summary and does not contain the full terms and conditions of the contract. For full of your cover please read

More information

FIRE INSURANCE CLAUSES

FIRE INSURANCE CLAUSES FIRE INSURANCE CLAUSES 1. Earthquake and Volcano Eruption Clause All kinds of damages including those arising directly or indirectly out of earthquakes, tsunami or volcano eruptions including fire, explosion,

More information

BUSINESS INCOME (AND EXTRA EXPENSE) COVERAGE FORM

BUSINESS INCOME (AND EXTRA EXPENSE) COVERAGE FORM COMMERCIAL PROPERTY CP 00 30 10 00 BUSINESS INCOME (AND EXTRA EXPENSE) COVERAGE FORM Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and

More information

Homeowner s Insurance

Homeowner s Insurance Home Auto Business Good to know Homeowner s Insurance Policy booklet www.coachmaninsurance.ca 8022 CHM-11 01/2014 Table of Contents Insurance for Homeowners... 1 Definitions... 2 Coverage Forms... 4 Homeowners

More information

Paragon Advance Landlords Buildings & Contents Policy Underwritten by Zurich Insurance plc. Summary of Cover

Paragon Advance Landlords Buildings & Contents Policy Underwritten by Zurich Insurance plc. Summary of Cover Paragon Advance Landlords Buildings & Contents Policy Underwritten by Zurich Insurance plc Summary of Cover Summary of Cover Important you should read this This leaflet provides a summary of the significant

More information

Homeowner s Insurance

Homeowner s Insurance Home Auto Business Good to know Homeowner s Insurance Policy booklet www.coachmaninsurance.ca 8022 CHM-13 01/2016 Table of Contents Insurance for Homeowners... 1 Definitions... 2 Coverage Forms... 4 Homeowners

More information