Common use of Miscellaneous Policy Provisions Clause in Contracts

Miscellaneous Policy Provisions. All insurance policies providing builder’s risk, builder’s risk delayed startup, marine cargo or marine cargo delayed startup (i) shall not include any annual or term aggregate limits of liability except for the perils of flood, windstorm, and strikes, riots and civil commotion, (ii) shall have any aggregate limits of liability apply separately with respect to the Project, (iii) shall have aggregate limits for flood, earth movement and windstorm that apply annually and (iv) if commercially feasible, shall not include a clause requiring the payment of additional premium to reinstate the limits after loss except for insurance covering the perils of flood, earth movement and windstorm.

Miscellaneous Policy Provisions. All insurance policies providing builder’s risk, builder’s risk delayed startup, marine cargo or marine cargo delayed startup (i) shall not include any annual or term aggregate limits of liability except for the perils of flood, windstorm, and strikes, riots and civil commotion, (ii) shall have any explicitly require that aggregate limits of liability apply separately with respect to the Project, (iii) shall have aggregate limits for flood, earth movement and windstorm that apply annually and (iv) if commercially feasible, shall not include a clause requiring the payment of additional premium to reinstate the limits after loss except for insurance covering the perils of flood, earth movement and windstorm.

Miscellaneous Policy Provisions. All insurance policies providing builder’s risk, builder’s risk delayed startup, marine cargo or marine cargo delayed startup (i) shall not include any annual or term aggregate limits of liability except for the perils of flood, windstorm, and strikes, riots and civil commotion, (ii) shall have any aggregate limits of liability apply separately O-12 with respect to the Project, (iii) shall have aggregate limits for flood, earth movement and windstorm that apply annually and (iv) if commercially feasible, shall not include a clause requiring the payment of additional premium to reinstate the limits after loss except for insurance covering the perils of flood, earth movement and windstorm.