Property-Gard Building and Personal Property Coverage Form 142000 12 88

Commercial Property Coverage

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

 Throughout this policy the words you and your refer to the Named Insured shown in the Declarations. The words we, us and our refer to the Company providing this insurance.

 A location number appears in the Declarations for each covered location. Any premises number that appears in this policy applies to the location with the same number. Some words and phrases that appear in bold face or quotation marks have special meaning. Refer to Defi­nitions.

 A. Coverage

 

We will pay for direct physical loss of or damage to Covered Property at the location described in the Declarations caused by or resulting from any Covered Cause of Loss.

1. Covered Property

Covered Property, as used in this Coverage Part, means the following types of property for which a Limit of Insurance is shown in the Declarations:

a. Business Real Property-

We cover the building at the location shown in the Declarations. This includes all of the following:

(1)        completed additions;

(2)        permanently installed fixtures, ma­chinery and equipment;

(3) outdoor fixtures and structures, in­cluding light standards, fences, signs and well-housings; and

(4) personal property you own which is used to maintain or service the building or its premises. This in­cludes

(a)        fire extinguishing equipment;

(b)       outdoor furniture;

(c)        floor covering; and

(d)       appliances used for refrigerat­ing, ventilating, cooking, dishwashing or laundering.

(5) If not covered by other insurance, we cover:

(a)        additions under construction, alterations and repairs to the building or structure.

(b)       materials, equipment, supplies and temporary structures which are within 100 feet of the de-scribed premises and are used for making additions, alter­ations or repairs to the building or structure.

b. Your Business Personal Property

We cover the following items of personal property which you own and use in your business while they are in or on the premises at the location described in the Declarations or in the open (or in a ve­hicle) within 100 feet of the described premises.