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Community Association Underwriters program with QBE Insurance
-There is no vacancy clause in the CAU Master policy CAU1000 (7/01)
however, there is a water exclusion if you do not exercise "due
diligence" to maintain heat and drain equipment and shut off water
if heat is not maintained. |
III. PROPERTY CAUSES OF LOSS, EXCLUSIONS AND LIMITATIONS SECTION
B. EXCLUSIONS
f. WATER
(3)
Continuous or repeated seepage or leakage of water that occurs over a period
of time
(4)
Overflow, leakage or seepage of water, other liquids, gases, powder or
molten material from any source except fire systems, unless reasonable
maintenance systems have been practiced.
(5)Water,
other liquids, powder or molten material that leaks or flows from plumbing,
heating, air-conditioning, or
other equipment, except fire
protective systems, caused by or resulting from freezing, unless due
diligence has been exercised to:
a.
Maintain heat in the building, structure and "unit"; or
b.
Drain all the equipment and shut off the supply if the heat is not
maintained.
However, with respect to (1) and (2) above, if loss or damage, by fire,
explosion, sprinkler leakage, pressure, mechanical or electrical results, we
will pay for the resulting loss or damage.
However, with respect to (3), (4), and (5) above, if a COVERED CAUSE OF LOSS
results, we will pay for any loss or damage it causes which would otherwise
be covered.
CAU1000 (7/01)