Property Insured. This Form, except as provided in this Form, insures the following property at the "project site" for the amount of insurance specified on the "Declarations Page" for the "Project Site": (a) property in course of construction, installation, reconstruction or repair other than property described in 2(b): (i) owned by the Insured; (ii) owned by others, provided the value of such property is included in the amount of insurance; all to enter into and form part of the completed project including expendable materials and supplies, not otherwise excluded, necessary to complete the project. (b) landscaping, growing trees, plants, shrubs or flowers all to enter into and form part of the project provided that the value of such property is included in the amount of insurance; (c) temporary buildings, scaffolding, falsework, forms, hoardings, excavation, site preparation and similar work, provided that the value thereof is included in the amount of insurance and then only to the extent that "replacement" or restoration is necessary to complete the project.
Appears in 1 contract
Sources: Builders Risk Broad Form
Property Insured. This Form, except as provided in this Formherein, insures the following property at the "“project site" ” for the amount of insurance specified on in the "Declarations Page" “Declarations” for the "“Project Site"”:
(a) property in course of construction, installation, reconstruction or repair other than property described in 2(b):
(i) owned by the Insured;
(ii) owned by others, provided the value of such property is included in the amount of insurance; all to enter into and form part of the completed project including expendable materials and supplies, not otherwise excluded, necessary to complete the project.;
(b) landscaping, growing trees, plants, shrubs or flowers all to enter into and form part of the project provided that the value of such property is included in the amount of insurance;
(c) temporary buildings, scaffolding, falseworkfalse work, forms, hoardings, excavation, site preparation and similar work, provided that the value thereof is included in the amount of insurance and then only to the extent that "“replacement" ” or restoration resto ration is necessary to complete the project.
Appears in 1 contract
Sources: Builders Risk Insurance Agreement
Property Insured. This Form, except as provided in this Form, insures the following property at the "project site" outbuildings, structures and buildings for the amount of insurance specified on the "“Declarations Page" ” for the "Project Site"building or structure:
(a) property in course of construction, installation, reconstruction or repair other than property described in 2(b):
(i) owned by the Insured;
(ii) owned by others, provided the value of such property is included in the amount of insurance; all to enter into and form part of the completed project including expendable materials and supplies, not otherwise excluded, necessary to complete the project.
(b) landscaping, growing trees, plants, shrubs or flowers all to enter into and form part of the project provided that the value of such property is included in the amount of insurance;.
(c) temporary buildings, scaffolding, falsework, forms, hoardings, excavation, site preparation and similar work, provided that the value thereof of such property is included in the amount of insurance and then only to the extent that "“replacement" ” or restoration is necessary to complete the project.
Appears in 1 contract
Sources: Outbuilding Builders Risk Broad Form