FFIC bldg coverage

With Distinguished Programs all claims are settled based on the policy wording and not the condominium documents. All Fireman's Fund policies are all-in regardless of how your condo documents are worded.

We still suggest the insurance section in your condominium documents reflect the boards intention to either cover unit improvements or not cover unit improvements. This could prevent a problem if you change insurance carriers from Fireman's Fund and the new insurance company does not offer the all-in endorsement.

PROPERTY COVERAGE FORM

Various provisions in this Policy restrict coverage. Read the entire Policy carefully to determine rights, duties, and what is and is not covered.

Throughout the Policy, the words you and your refer to the Named Insured(s) shown in the Declarations and any other person(s) or organization(s) qualifying as a Named Insured under this Policy. The words we, us, and our refer to the company providing this insurance.

Other words and phrases that appear in boldface type have special meaning. Refer to SECTION XI - DEFINITIONS.

I. COVERAGE

We shall pay for direct physical loss of or damage to Covered Property during the Policy Period, at the premises described in the Declarations or otherwise described in this Policy, for which a Limit of Insurance is shown in the Declarations, caused by or resulting from a covered cause of Loss.

II COVERED PROPERTY

Covered Property shall be limited to: A. Building

Building means the building or structure described in the Declarations, including:

1. Completed additions;

2. Permanently installed:

a. Fixtures;

b. Machinery;

c. Equipment; and

d. Signs Attached to Buildings;

3. Outdoor fixtures;

4. Personal property owned by you that is used to maintain or service the building or structure or its premises, including:

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a. Fire extinguishing equipment;

b. Outdoor furniture;

c. Floor coverings; and

d. Appliances used for refrigeration, ventilation, cooking, dishwashing or laundering_;

5. Glass;

6. If not covered by other insurance:

a. Additions under construction, alterations, and repairs to the building or structure; and

b. Materials, equipment, supplies, and temporary structures, on or within 1000 feet of the premises described in the Declarations, used for making additions, alterations, or repairs to the building or structure;

B. Newly Acquired Or Constructed Buildings Newly acquired or constructed buildings including:

1. Your new building while being built on the premises described in the Declarations; and

2. Buildings you acquire at locations, other than the premises described in the Declarations, intended for:

a. Similar use as the buildings described in the Declarations; or

b. Use as a warehouse.

Coverage for each newly acquired or constructed building shall terminate when any of the following first occurs:

1. This Policy expires;

2. 180 days expire after you acquire or begin to construct the building; or

3. You report values to us.

You shall report total values of newly acquired or constructed buildings on or before 180 days from the date you either acquire or begin to construct each building, and you shall pay additional premium for such reported values from the date either construction begins or you acquire the building;

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C. Business Personal Property

Your business personal property located in or on the building described in the Declarations or in the open or in a vehicle within 1000 feet of the premises described in the Declarations, consisting of the following unless otherwise specified in the Declarations:

1. Furniture and fixtures;

2. Machinery and equipment;

3. Stock;

4. All other personal property owned by you and used in your business;

5. Labor, materials, or services furnished or arranged by you on personal property of others;

6. Your use interest as tenant in improvements and betterments. Improvements and bettennents are fixtures, alterations, installations, or additions:

a. Made a part of the building or structure you occupy but do not own; and

b. You acquired or made at your expense but cannot legally remove;

7. Leased personal property which you have a contractual responsibility to insure;

8. Patterns, molds, and dies;

9. Glass;

10. Personal property of others that is in your care, custody, or control, but this shall not include any property which you have accepted under a shipping document or storage document, unless such property is reported to us and coverage specifically shown on the Declarations. Our payment, however, for loss of or damage to personal property of others shall only be for the account of the owner of the property;

D. Newly Acquired Business Personal Property

Newly acquired business personal property you acquire at locations other than a fair or exhibition. Coverage shall terminate when any of the following first occurs:

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This Policy expires,

2. 180 days after you acquire the business personal property, or

3. You report values to us.

You shall report total values of newly acquired business personal property on or before 180 days from the date you acquire such property, and you shall pay additional premium for such reported values from the date of acquisition;

E. Personal Effects Of Employees Personal effects owned by your employees;

F. Valuable Papers And Records

Your valuable papers and records including costs to research, replace, or restore lost information on lost or damaged valuable papers and records, including those which exist on media, data, or programs for which duplicates do not exist;

G. Property In Transit

Your business personal property, valuable papers, accounts receivable records, fine arts, computer equipment, media, data, and programs while in transit, except while waterborne, within or between the Continental United States, Alaska, Hawaii, Puerto Rico, or Canada. This coverage shall not apply to the property of others for which you are responsible as a carrier for hire, as a shipper, or hauler. We shall pay for those shipments in the custody of a carrier under a shipping document.

We shall also pay for your interest in shipments sold "Free on Board". When the title of a shipment passes to the consignee and if the consignee refuses to pay because the shipment is lost or damaged, you may elect to claim that loss under this Insurance. We shall not attempt to collect 'from the consignee unless you:

Provide us with your written consent to do so; and

2. Assign us your right of action;

H. Accounts Receivable Records

Accounts receivable records shall be limited to:

All amounts due from your customers that you are unable to collect;

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2. Interest charges on any loans required to offset amounts you are unable to collect pending our payment of these amounts;

3. Reasonable collection expenses in excess of your normal collection expenses that are made necessary by the loss; and

4. Other reasonable expenses that you incur to re-establish your records of accounts receivable;

1. Fine Arts

Your fine arts at a premises described in the Declarations;

J. Computer Equipment, Media, Data, And Programs

Computer equipment, media, data, and programs which you own, lease, or rent from others, or for which you are legally responsible including the replacement cost to reproduce data or programs that are lost or accidentally erased, including documentation and source materials, if you actually replace or reproduce them;

Computer Data and programs are covered solely as respects direct physical loss or damage by a specified cause of loss.

K. Your Outdoor Properly

Your outdoor property, within 1000 feet of the premises described in the Declarations, including outdoor fences, radio and television antennas, satellite dishes, signs (other than signs attached to buildings), if direct physical loss or damage is caused by a specified cause of loss:

Outdoor property shall not include sod, trees, shrubs, or plants;

L. Sod, Trees, Shrubs, And Plants

Your sod, trees, shrubs, and plants within 1000 feet of the premises described in the Declarations, if direct physical loss or damage is caused by or results from any of the following causes of loss:

1. Fire;

2. Lightning;

3. Explosion;

4. Riot or civil commotion; or

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2. if they are killed or their destruction is made necessary;

C. Automobiles held for sale;

D. Bridges, roadways, walks, patios, or other paved surfaces;

E. Contraband or property in the course of illegal transportation or trade;

F. The cost of excavations, grading, backfilling, or filling;

G. Foundations of buildings, structures, machinery or boilers if their foundations are below:

1. The lowest basement floor; or

2. The surface of the ground, if there is no basement;

H. Land, including land on which the property is located, water, or growing crops;

I. Covered Property while waterborne;

J. Pilings, piers, wharves, bulkheads, or docks;

K. Retaining walls that are not part of the building described in the Declarations;

L. Underground pipes, flues, or drains;

M. Vehicles or self-propelled machines, including aircraft or watercraft, that:

1. Are licensed for use on public roads; or

2. Are operated principally away from the premises described in the Declarations; This shall not apply to:

1. Vehicles or self-propelled machines or autos you manufacture, process, or warehouse;

2. Vehicles or self-propelled machines, other than autos, you hold for sale; or

3. Rowboats or canoes out of water at the premises described in the Declarations;

N. Grain, hay, straw, or other crops while outside buildings;

O. Furs, fur garments, and garments trimmed with fur; jewelry, watches, watch movements, jewels, pearls, precious and semi-precious stones, bullion, gold, silver, platinum, and other precious alloys or metals; stamps, tickets, and letters of credit if such items are for sale, trade, or show, as part of your

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business, if loss results from theft, except as provided in any applicable Supplemental Coverages. This exclusion shall not apply to jewelry and watches worth $100 or less per item;

N. SUPPLEMENTAL COVERAGES

UNLESS OTHERWISE STATED, THE PROVISIONS FOR EACH SUPPLEMENTAL COVERAGE SHALL PERTAIN ONLY TO THAT SUPPLEMENTAL COVERAGE.

A. The Limits of Insurance for the following Supplemental Coverages are in ADDITION to the Limits of Insurance for Covered Property indicated in the Declarations.

1. Debris Removal

We shall pay an additional Limit of Insurance for debris removal as shown on the Declarations:

a. If the cost for debris removal exceeds the amount stipulated in Section IX Loss Conditions, paragraph G. Debris Removal; or

b. If the cost for debris removal and direct physical loss of or damage to Covered Property exceeds the applicable Limit of Insurance for the Covered Property;

This Coverage shall not apply to costs to:

a. Extract pollutants from land or water; or

b. Remove, restore, or replace land or water as a result of pollutants.

2. Fire Department Service Charge

If the fire department is called to save or protect Covered Property from a covered cause of loss, we shall pay for your liability for fire department service charges:

a. Assumed by contract or agreement prior to loss; or

b. Required by local ordinance

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3. Pollutant Clean Up And Removal

We shall pay your expense to extract pollutants from Covered Property, land, or water at the premises described in the Declarations if the discharge, dispersal, seepage, migration, release, or escape of the pollutants commences during the Policy Period and is caused by or results from a covered cause of loss. The expenses shall be paid only if they are reported to us in writing within 180 days of the date of direct physical loss or damage.

4. Recharge Of Fire Protection Equipment

We shall pay expenses you incur to recharge your fire protection equipment, if you use your equipment, or the equipment automatically discharges, to protect your Covered Property as a result of a covered cause of loss.

5. Extra Expense

We shall pay for extra expense to:

a. Avoid or minimize the suspension of business and to continue operations:

i. At the premises described in the Declarations;

ii. At replacement premises or at temporary locations, including:

(a) Relocation expenses;

(b) Costs to equip and operate the replacement or temporary locations;

b. Research, replace, or restore the lost information on damaged valuable papers and records;

To the extent it reduces the amount of loss that otherwise would have been payable under this Policy.

6. Deferred Payments

We shall pay for your deferred payments for direct physical loss of or damage to Covered Property by a covered cause of loss.

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7. Inventory And Appraisal

We shall pay up to the amount indicated in the Declarations for your costs related to inventory and appraisal which we require when loss or damage occurs to Covered Property.

B. The Limits of Insurance for the following Supplemental Coverages are WITHIN the Limits of Insurance for Covered Property indicated in the Declarations:

1. Theft Of Furs, Jewelry, Stamps, And Other Specified Items

a. We shall pay for loss or damage by theft for:

i. Furs, fur garments, and garments trimmed with fur;

ii. Jewelry, watches, watch movements, jewels, pearls, precious and semi-precious stones, bullion, gold, silver, platinum, and other precious alloys or metals; and

iii. Stamps, tickets, and letters of credit if such items are for sale, trade, or show, as part of your business.

2. Off Premises Utility Failure

We shall pay for loss of or damage to your Covered Property caused by the interruption of service to the premises described in the Declarations which results from direct physical loss of or damage by a covered cause of loss to the following services not on the premises described in the Declarations:

a. Water Supply Services, meaning the following types of property supplying water to the premises described in the Declarations:

i. Pumping stations; and

ii. Water mains.

b. Communication Supply Services, meaning property supplying communications services, including, but not limited to, telephone, radio, microwave, or television services to the premises described in the Declarations, such as:

i. Communication transmission lines;

ii. Coaxial cables; and

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iii. Microwave radio relays except satellites.

This shall not include above ground communication lines.

C. Power Supply Services, meaning the following types of property supplying electricity, steam, or gas to the premises described in the Declarations:

i. Utility generating plants;

ii. Switching stations;

iii. Substations;

iv. Transformers; and

V. Transmission lines.

This shall not include above ground transmission or distribution lines. 3. Equipment Breakdown

a. We will pay for direct physical damage to Covered Property that is the direct result of an accident.

b. The following coverages also apply to the direct result of an accident.

Expediting Expenses

With respect to your damaged Covered Property, we will pay up to the limit indicated in the Declarations for the reasonable extra cost to:

(1) make temporary repairs; and

(2) expedite permanent repairs or permanent replacement.

ii. Hazardous Substances

We will pay for the additional cost to repair or replace Covered Property because of contamination by a hazardous substance. This includes the additional expenses to clean up or dispose of such property.

This does not include contamination of perishable goods by refrigerant, including but not limited to ammonia, which is addressed in 3.b.iii.(1)(b) below. As used in this coverage, additional costs mean those beyond what would have been payable under this coverage had no hazardous substance been involved.

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The most we will pay for loss, damage or expense under this coverage, including actual loss of Business Income you sustain and necessary Extra Expense you incur, if shown as covered, is the limit indicated in the Declarations.

iii. Spoilage

(1) We will pay:

(a) for physical damage to perishable goods due to spoilage;

(b) for physical damage to perishable goods due to contamination from

the release of refrigerant, including but not lunited to ammonia;

this coverage to the extent that they do not exceed the amount of loss

that otherwise would have been payable under this coverage.

(2) If you are unable to replace the perishable goods before its anticipated sale, the amount of our payment will be determined on the basis of the sales price of the perishable goods at the time of the accident, less discounts and expenses you otherwise would have had. Otherwise our payment will be determined in accordance with the Valuation condition.

The most we will pay for loss, damage or expense under this coverage is the limit indicated in the Declarations.

iv. Computer Equipment

We will pay for loss, damage or expense calked by or resulting from an accident to computer equipment.

v. Data Restoration

We will pay for your reasonable and necessary cost to -research, replace and restore lost data.

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vi. Service Interruption

(1) Any insurance provided for Business Income, Extra Expense or Spoilage is extended to apply to your loss, damage or expense caused by an accident to equipment that is owned by a utility, landlord or other supplier with whom you have a contract to supply you with any of the following services: electrical power, waste disposal, air conditioning, refrigeration, heating, natural gas, compressed air, water, steam, internet access, telecommunications services, wide area networks or data transmission. The equipment must meet the definition of covered equipment except that it is not Covered Property.

(2) Unless otherwise shown in the Declarations, Service Interruption coverage will not apply unless the failure or disruption of service exceeds 24 hours immediately following the accident.

(3) The most we will pay for loss, damage or expense under this coverage is the limit that applies to Business Income, Extra Expense or Spoilage, except that if a limit is shown in the Declarations for Service Interruption, that limit will apply to Business Income and Extra Expense loss under this coverage.

vii. Business Income and Extra Expense

Any insurance provided under this coverage part for Business Income or Extra Expense is extended to Equipment Breakdown coverage.

The most we will pay for loss of Business Income you sustain or necessary Extra Expense you incur is the limit shown in the Declarations for that coverage.

c. We will not pay under this coverage for loss, damage or expense caused by or resulting from:

i. your failure to use all reasonable means to protect Covered Property from damage following an accident;

ii. any defect, programming error, programming limitation, computer virus, malicious code, loss of data, loss of access, loss of use, loss of functionality or other condition Within or involving data or media of any kind. But if an accident results, we will pay for the resulting loss, damage or expense; or

iii. any of the following tests:

a hydrostatic, pneumatic or gas pressure test of any boiler or pressure vessel, or an electrical insulation breakdown test of any type of electrical equipment.

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