Property Coverages. (If Applicable) Contractor shall provide builders risk insurance on an “All Risk” basis on a policy form satisfactory to City. The limit of coverage will be the amount necessary to cover the bid value of any structures in the Contract or other value determined by City. City reserves the right to require Contractor to provide boiler and machinery insurance coverage or other forms of property insurance. If the project is in a flood plain, City reserves the right to require flood coverage at Contractor’s expense. Losses paid under the property insurance policy or policies shall be paid directly to City by the insurer(s).
Property Coverages a. Except as provided in 3. below, “we” adjust each loss with “you”. “
Property Coverages a. Your Property-We will adjust all losses with you. A covered loss will be payable 45 days after an acceptable proof of loss is received and the amount of the loss has been established either by written agreement with you or the filing of an appraisal award with us. Payment will be made to you unless another loss payee is named in the policy.
Property Coverages. PRINCIPAL PROPERTY COVERAGES
Property Coverages. Property Coverages contain additional definitions, coverage descriptions, perils, exclusions, limitations, and conditions that apply to the Businessowners Property Coverages.
Property Coverages. COVERAGE A - DWELLING We cover:
Property Coverages. This form, except as herein provided, insures against external risks of direct physical loss or damage. LOSS OR DAMAGE NOT INSURED “We” do not insure loss or damage caused directly or indirectly by:
Property Coverages. COVERAGE B – DETACHED PRIVATE STRUCTURES “We” insure structures or buildings separated from the “dwelling” by a clear space, on “your” “premises” but not insured under Coverage A. If they are connected to the “dwelling” by a fence, utility line or similar connection only, they are considered to be detached private structures. If they are located off the shoreline from “your” “premises”, they are considered to be detached private structures. Property Not Included as Detached Private Structures This coverage does not apply to any building or structure that is or was designed for agricultural purposes or is or was used in whole or in part for farming or any other commercial or “business” purposes, whether it is in use, unoccupied, or “vacant”. RESIDENTIAL PROPERTY – INSURED PERILS – DWELLING BUILDING, DETACHED PRIVATE STRUCTURES, PERSONAL PROPERTY Vandalism & Malicious Acts “We” agree to extend coverage to include loss or damage resulting from, contributed to or caused directly or indirectly due to vandalism or malicious acts caused by your tenant, employee or members of the tenant’s household, up to a maximum of $15,000. Theft, including Damage Caused by Attempted Theft “We” agree to extend coverage to include loss or damage resulting from, contributed to or caused directly or indirectly due to theft or damage caused by attempted theft by any tenant, employee or members of the tenant’s household, up to a maximum of $15,000.
Property Coverages a. COMMERCIAL TOWING OR ASSISTANCE We will pay for the reasonable charge or necessary expenses You incur for towing the Insured Vessel, not to exceed the applicable limit shown on the Declarations Page, if the Insured Vessel becomes disabled and You cannot get voluntary help and You must obtain commercial assistance. We will only pay for the combined expenses incurred in connection with all the following emergency services:
Property Coverages. E. Additional Coverages With respect to Coverage C - Personal Property, paragraph 8. Collapse is deleted.
