Greater New York Mutual- includes a Vacancy Clause CP0017 (4/02)  and also incorporates the Massachusetts Changes Endorsement CP0109 (10/00) on all their Master Policies. The vacancy clause removes coverage for vandalism, sprinkler leakage, glass, water damage and theft after 60 days. The Massachusetts Changes Endorsement removes fire and lightning after 60 days for 3 or less units and only 30 days for all other premises. The definition of vacancy for a building owner would be 31% of its total square footage.

CP0017 (4/02)

7. Vacancy

          a.  Description Of Terms

              (1)  As used in this Vacancy Condition, the term building and the term vacant have the meanings set forth in (1)(a) and (1)(b) below:

                   (a)  When this policy is issued to a tenant, and with respect to that tenant's interest in Covered Property, building means the unit or suite rented or leased to the tenant. Such building is vacant when it does not contain enough business personal property to conduct customary operations.

                   (b)  When this policy is issued to the owner or general lessee of a building, building means the entire building. Such building is vacant unless at least 31% of its total square footage is:

                         (i)  Rented to a lessee or sub-lessee and used by the lessee or sub-lessee to conduct its customary operations; and/or

                        (ii)  Used by the building owner to conduct customary operations.

              (2)  Buildings under construction or renovation are not considered vacant.

          b.  Vacancy Provisions

If the building where loss or damage occurs has been vacant for more than 60 consecutive days before that loss or damage occurs:

              (1)  We will not pay for any loss or damage caused by any of the following even if they are Covered Causes of Loss:

                   (a)  Vandalism;

                   (b)  Sprinkler leakage, unless you have protected the system against freezing;

                   (c)  Building glass breakage;

                   (d)  Water damage;

                   (e)  Theft; or

                    (f)  Attempted theft.

              (2)  With respect to Covered Causes of Loss other than those listed in b.(1)(a) through b.(1)(f) above, we will reduce the amount we would otherwise pay for the loss or damage by 15%.

 

                        MASSACHUSETTS CHANGES                                                   CP 0109 (10/00)

1. If "loss" is caused by fire or lightning, the Vacancy Loss Condition is replaced by the following:

Vacancy or Unoccupancy

If the building where "loss" occurs, whether intended for occupancy by owner or tenant, has been vacant or unoccupied for more than:

1.     60 consecutive days for residential premises of 3 units or less; or

2.     30 consecutive days for all other premises;

Immediately before that loss or damage, we will not pay for the "loss".

"Buildings" are vacant when they do not contain enough business personal property to conduct customary operations.