^ES Underwriting_3182573006_Driftwood Sands Condo Assoc_2618 GULF BLVD_2024-09-09-1046120.6517126852289289_Policy Jacket_GW Document ID=null
COMMERCIAL PROPERTY POLICY
DECLARATIONS PAGE
TRANSACTION TYPE:
TRANSACTION DATE:
DATE PRINTED:
Renewal
11/01/2024
09/09/2024
Underwritten by:
First Protective Insurance Company
PO Box 958405
Lake Mary, FL 32795
POLICY NUMBER
POLICY PERIOD
Effective:
11/01/2024
Expiration:
11/01/2025
3182573006
12:01 AM Standard Time
IF YOU HAVE QUESTIONS ABOUT YOUR POLICY, PLEASE CONTACT YOUR AGENT AT 727-393-9146.
TO REPORT A CLAIM, CALL 1-800-675-0145.
NAMED INSURED & MAILING ADDRESS:
AGENT:
523-24-22257
DRIFTWOOD SANDS CONDO ASSOC
7300 PARK ST
SEMINOLE, FL 33777-4601
ACENTRIA INSURANCE - LARGO - CL
11401 SEMINOLE BLVD
LARGO, FL 33778-3260
PHONE: 727-393-9146
FPIC FL DEC 09 23
Page 1 of 7

PREMIUM INFORMATION:
COMMERCIAL PROPERTY:
COMMERCIAL PROPERTY PREMIUM:
$58,497.00
TRIA:
TAXES AND FEES:
FIRE MARSHALL REGULATORY ASSESSMENT TAX:
$59.00
POLICY FEE:
$25.00
FLORIDA INSURANCE GUARANTY ASSOCIATION (FIGA) ASSESSMENT:
$584.97
EMERGENCY MANAGEMENT PREPAREDNESS FEE:
$4.00
TOTAL PREMIUM, TAXES AND FEES:
$59,169.97
HURRICANE PREMIUM:
$51,332.00
TOTAL INSURED VALUE:
$13,017,446.00
DESCRIPTION OF LOCATIONS(S):
LOC NO BLDG NO BUILDING ADDRESS
OCCUPANCY
1
1
2618 GULF BLVD, INDIAN ROCKS BEACH, FL 33785
0333 CONDO-RES W/O MERC-OVER 30 UNITS
POLICY LEVEL COVERAGES:
COVERED CAUSE OF LOSS:
SPECIAL
COVERAGE
LIMIT OF INSURANCE
TERRORISM (TRIA)
Excluded
PROPERTY EXTENSION PLUS (BROADENING ENDORSEMENT) -
DELUXE
See Schedule
COMMERCIAL PROPERTY POLICY
DECLARATIONS PAGE
TRANSACTION TYPE:
TRANSACTION DATE:
DATE PRINTED:
Renewal
11/01/2024
09/09/2024
Underwritten by:
First Protective Insurance Company
PO Box 958405
Lake Mary, FL 32795
POLICY NUMBER
POLICY PERIOD
Effective:
11/01/2024
Expiration:
11/01/2025
3182573006
12:01 AM Standard Time
IF YOU HAVE QUESTIONS ABOUT YOUR POLICY, PLEASE CONTACT YOUR AGENT AT 727-393-9146.
TO REPORT A CLAIM, CALL 1-800-675-0145.
NAMED INSURED & MAILING ADDRESS:
AGENT:
523-24-22257
DRIFTWOOD SANDS CONDO ASSOC
7300 PARK ST
SEMINOLE, FL 33777-4601
ACENTRIA INSURANCE - LARGO - CL
11401 SEMINOLE BLVD
LARGO, FL 33778-3260
PHONE: 727-393-9146
FPIC FL DEC 09 23
Page 2 of 7

INSURANCE AT THE DESCRIBED LOCATIONS APPLIES ONLY FOR COVERAGES FOR WHICH A LIMIT OF INSURANCE IS
SHOWN
COVERAGES PROVIDED:
AGREED VALUE EXPIRATION DATE:
LOC NO
BLDG NO COVERAGE
LIMIT OF INSURANCE
VALUATION
COINSURANCE
1
1
BUILDING COVERAGE
$12,818,578
Replacement Cost
Agreed Value
DEDUCTIBLES:
LOC NO BLDG NO
BUILDING ADDRESS
AOP
PER OCCURENCE
HURRICANE
CALENDAR YEAR/
PER OCCURRENCE
OTHER WIND
PER
OCCURRENCE
SINKHOLE
PER
OCCURRENCE
1
1
2618 GULF BLVD, INDIAN ROCKS BEACH,
FL 33785
$5,000
3%
Calendar Year
$5,000
APPLICABLE ONLY WHEN ENTRIES ARE MADE IN THE SCHEDULE BELOW
OPTIONAL COVERAGES:
LOC NO
BLDG NO COVERAGE
LIMIT OF INSURANCE
VALUATION
COINSURANCE
1
1
SPECIAL CLASS ITEM 1 (1 CARPORT -
CARPORT)
$36,000
Replacement Cost
Agreed Value
1
1
SPECIAL CLASS ITEM 2 (1 SWIMMING
POOL - SWIMMING POOL)
$162,868
Replacement Cost
Agreed Value
COMMERCIAL PROPERTY POLICY
DECLARATIONS PAGE
TRANSACTION TYPE:
TRANSACTION DATE:
DATE PRINTED:
Renewal
11/01/2024
09/09/2024
Underwritten by:
First Protective Insurance Company
PO Box 958405
Lake Mary, FL 32795
POLICY NUMBER
POLICY PERIOD
Effective:
11/01/2024
Expiration:
11/01/2025
3182573006
12:01 AM Standard Time
IF YOU HAVE QUESTIONS ABOUT YOUR POLICY, PLEASE CONTACT YOUR AGENT AT 727-393-9146.
TO REPORT A CLAIM, CALL 1-800-675-0145.
NAMED INSURED & MAILING ADDRESS:
AGENT:
523-24-22257
DRIFTWOOD SANDS CONDO ASSOC
7300 PARK ST
SEMINOLE, FL 33777-4601
ACENTRIA INSURANCE - LARGO - CL
11401 SEMINOLE BLVD
LARGO, FL 33778-3260
PHONE: 727-393-9146
FPIC FL DEC 09 23
Page 3 of 7

ORDINANCE OR LAW COVERAGE:
LOC NO BLDG NO
COV A
LIMIT OF INSUR
COV B
LIMIT OF INSUR
COV C
LIMIT OF INSUR
COV B AND C
COMBINED
LIMIT OF INSUR
COV A, B & C COMBINED
LIMIT OF INSUR
1
1
$12,818,578
$640,929
PROTECTIVE SAFEGUARDS:
LOC NO
BLDG NO
AUTOMATIC
SPRINKLER
P-1
AUTOMATIC
ALARM
P-2
SECURITY
SERVICE
P-3
FIRE DEPT. SRVC
CONTRACT
P-4
COOK EXH &
EXTING SYS
P-5
OTHER
P-9
1
1
Yes
Yes
No
No
None
PROPERTY ENHANCEMENT ENDORSEMENT:
DELUXE
COVERAGE DESCRIPTION
LIMIT OF INSURANCE
ELECTRONIC DATA
$100,000
NEWLY ACQUIRED PROPERTY (IN DAYS)
90
DEBRIS REMOVAL
$50,000
FIRE DEPARTMENT SERVICE CHARGE
$100,000
POLLUTANT CLEANUP AND REMOVAL
$150,000
PERSONAL EFFECTS - SUBLIMIT PER PERSON
$5,000
PERSONAL EFFECTS - SUBLIMIT PER DESCRIBED PREMISES
$25,000
PROPERTY OF OTHERS
$25,000
VALUABLE PAPERS AND RECORDS (OTHER THAN ELECTRONIC DATA)
$500,000
PROPERTY OFF-PREMISES (INCLUDING WHILE IN TRANSIT)
$25,000
COMMERCIAL PROPERTY POLICY
DECLARATIONS PAGE
TRANSACTION TYPE:
TRANSACTION DATE:
DATE PRINTED:
Renewal
11/01/2024
09/09/2024
Underwritten by:
First Protective Insurance Company
PO Box 958405
Lake Mary, FL 32795
POLICY NUMBER
POLICY PERIOD
Effective:
11/01/2024
Expiration:
11/01/2025
3182573006
12:01 AM Standard Time
IF YOU HAVE QUESTIONS ABOUT YOUR POLICY, PLEASE CONTACT YOUR AGENT AT 727-393-9146.
TO REPORT A CLAIM, CALL 1-800-675-0145.
NAMED INSURED & MAILING ADDRESS:
AGENT:
523-24-22257
DRIFTWOOD SANDS CONDO ASSOC
7300 PARK ST
SEMINOLE, FL 33777-4601
ACENTRIA INSURANCE - LARGO - CL
11401 SEMINOLE BLVD
LARGO, FL 33778-3260
PHONE: 727-393-9146
FPIC FL DEC 09 23
Page 4 of 7

PROPERTY ENHANCEMENT ENDORSEMENT:
DELUXE
COVERAGE DESCRIPTION
LIMIT OF INSURANCE
OUTDOOR PROPERTY - EXCEPT TREES, SHRUBS, LAWNS OR PLANTS
$10,000
OUTDOOR PROPERTY - EXCEPT ANY ONE TREE, SHRUB OR PLANT
$5,000
OUTDOOR PROPERTY
$100,000
ACCOUNTS RECEIVABLE
$500,000
BROADENED PREMISES (IN FT)
1,000
BACK-UP OF SEWERS OR DRAINS
$150,000
COMPUTER EQUIPMENT
$25,000
LAPTOP/PORTABLE COMPUTERS
$5,000
FIRE EXTINGUISHER RECHARGE
$10,000
OUTDOOR SIGNS
$20,000
“FUNGUS”, WET ROT, DRY ROT AND BACTERIA
$50,000
LOCK REPLACEMENT
$7,500
REWARD REIMBURSEMENT
$25,000
PROPERTY IN TRANSIT
$100,000
INVENTORY AND APPRAISALS OF LOSS
$2,500
OFF PREMISES POWER FAILURE (SUBJECT TO A 24 HOUR DEDUCTIBLE)
$50,000
WIND DRIVEN PRECIPITATION
$250,000
MONEY AND SECURITIES INSIDE THE PREMISES
$10,000
MONEY AND SECURITIES OUTSIDE THE PREMISES
$10,000
CONSEQUENTIAL LOSS
$10,000
COMMERCIAL PROPERTY POLICY
DECLARATIONS PAGE
TRANSACTION TYPE:
TRANSACTION DATE:
DATE PRINTED:
Renewal
11/01/2024
09/09/2024
Underwritten by:
First Protective Insurance Company
PO Box 958405
Lake Mary, FL 32795
POLICY NUMBER
POLICY PERIOD
Effective:
11/01/2024
Expiration:
11/01/2025
3182573006
12:01 AM Standard Time
IF YOU HAVE QUESTIONS ABOUT YOUR POLICY, PLEASE CONTACT YOUR AGENT AT 727-393-9146.
TO REPORT A CLAIM, CALL 1-800-675-0145.
NAMED INSURED & MAILING ADDRESS:
AGENT:
523-24-22257
DRIFTWOOD SANDS CONDO ASSOC
7300 PARK ST
SEMINOLE, FL 33777-4601
ACENTRIA INSURANCE - LARGO - CL
11401 SEMINOLE BLVD
LARGO, FL 33778-3260
PHONE: 727-393-9146
FPIC FL DEC 09 23
Page 5 of 7

FORMS/ ENDORSEMENTS APPLICABLE:
FORM NUMBER
EDITION DATE
FORM NAME
FPIC FL DEC
09 23
DECLARATIONS PAGE
FPIC TOC CA
09 23
TABLE OF CONTENTS - CONDOMINIUM ASSOCIATION
FPIC NOCPT
12 23
NOTICE OF CHANGE IN POLICY TERMS
FPIC NOCPT
02 24
NOTICE OF CHANGE IN POLICY TERMS
IL P 001
01 04
OFAC ADVISORY NOTICE
CP 00 17
06 07
CONDOMINIUM ASSOCIATION COVERAGE FORM
CP 10 30
06 07
CAUSES OF LOSS - SPECIAL FORM
FPIC CPC
07 23
COMMON POLICY CONDITIONS CANCELLATION AND NONRENEWAL
CP 01 40
07 06
EXCLUSION OF LOSS DUE TO VIRUS OR BACTERIA
CP 01 91
07 10
FLORIDA CHANGES - RESIDENTIAL CONDOMINIUM ASSOCIATIONS
CP 03 22
01 06
FLORIDA - MULTIPLE DEDUCTIBLE FORM (FIXED DOLLAR DEDUCTIBLES)
CP 03 23
07 23
FLORIDA CALENDAR YEAR HURRICANE PERCENTAGE DEDUCTIBLE
(RESIDENTIAL RISKS)
CP 12 70
09 96
JOINT OR DISPUTED LOSS AGREEMENT
CP 14 10
06 95
ADDITIONAL COVERED PROPERTY
FPIC ADPR
04 23
ADDITIONAL PROPERTY NOT COVERED
FPIC CGCC
03 23
CATASTROPHIC GROUND COVER COLLAPSE
FPIC CPPC
03 23
FLORIDA - CLAIM PAYMENT PROVISION - CONDOMINIUM
FPIC EDEE
03 23
EXISTING DAMAGE EXCLUSION ENDORSEMENT
FPIC FC
03 23
FLORIDA CHANGES
FPIC FC APR
01 24
FLORIDA CHANGES - APPRAISAL (COMMERCIAL RESIDENTIAL PROPERTY)
FPIC ORDLAW
03 23
ORDINANCE OR LAW COVERAGE
COMMERCIAL PROPERTY POLICY
DECLARATIONS PAGE
TRANSACTION TYPE:
TRANSACTION DATE:
DATE PRINTED:
Renewal
11/01/2024
09/09/2024
Underwritten by:
First Protective Insurance Company
PO Box 958405
Lake Mary, FL 32795
POLICY NUMBER
POLICY PERIOD
Effective:
11/01/2024
Expiration:
11/01/2025
3182573006
12:01 AM Standard Time
IF YOU HAVE QUESTIONS ABOUT YOUR POLICY, PLEASE CONTACT YOUR AGENT AT 727-393-9146.
TO REPORT A CLAIM, CALL 1-800-675-0145.
NAMED INSURED & MAILING ADDRESS:
AGENT:
523-24-22257
DRIFTWOOD SANDS CONDO ASSOC
7300 PARK ST
SEMINOLE, FL 33777-4601
ACENTRIA INSURANCE - LARGO - CL
11401 SEMINOLE BLVD
LARGO, FL 33778-3260
PHONE: 727-393-9146
FPIC FL DEC 09 23
Page 6 of 7

FORMS/ ENDORSEMENTS APPLICABLE:
FORM NUMBER
EDITION DATE
FORM NAME
FPIC PE
03 23
PROPERTY ENHANCEMENT ENDORSEMENT - DELUXE
FPIC REM
12 23
ADDITIONAL COVERAGE - REASONABLE EMERGENCY MEASURES
ENDORSEMENT
FPIC SOLC
03 23
ORDINANCE OR LAW COVERAGE SCHEDULE
IL 01 75
09 07
FLORIDA CHANGES - LEGAL ACTION AGAINST US
IL 04 15
04 98
PROTECTIVE SAFEGUARDS
IL 09 35
07 02
EXCLUSION OF CERTAIN COMPUTER - RELATED LOSSES
IL 09 53
01 15
EXCLUSION OF CERTIFIED ACTS OF TERRORISM
FPIC TRIAOPT
07 23
POLICYHOLDER DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE
COMMERCIAL PROPERTY POLICY
DECLARATIONS PAGE
TRANSACTION TYPE:
TRANSACTION DATE:
DATE PRINTED:
Renewal
11/01/2024
09/09/2024
Underwritten by:
First Protective Insurance Company
PO Box 958405
Lake Mary, FL 32795
POLICY NUMBER
POLICY PERIOD
Effective:
11/01/2024
Expiration:
11/01/2025
3182573006
12:01 AM Standard Time
IF YOU HAVE QUESTIONS ABOUT YOUR POLICY, PLEASE CONTACT YOUR AGENT AT 727-393-9146.
TO REPORT A CLAIM, CALL 1-800-675-0145.
NAMED INSURED & MAILING ADDRESS:
AGENT:
523-24-22257
DRIFTWOOD SANDS CONDO ASSOC
7300 PARK ST
SEMINOLE, FL 33777-4601
ACENTRIA INSURANCE - LARGO - CL
11401 SEMINOLE BLVD
LARGO, FL 33778-3260
PHONE: 727-393-9146
FPIC FL DEC 09 23
Page 7 of 7

NOTICES:
THIS POLICY CONTAINS A SEPARATE DEDUCTIBLE FOR HURRICANE LOSSES,
WHICH MAY RESULT IN HIGH OUT-OF-POCKET EXPENSES TO YOU.
YOUR POLICY PROVIDES COVERAGE FOR A CATASTROPHIC GROUND
COVERAGE COLLAPSE THAT RESULTS IN THE PROPERTY BEING
CONDEMNED AND UNINHABITABLE. OTHERWISE, YOUR POLICY DOES
NOT PROVIDE COVERAGE FOR SINKHOLE LOSSES. YOU MAY PURCHASE
COVERAGE FOR SINKHOLE LOSSES FOR AN ADDITIONAL PREMIUM.
A Rate Adjustment of 0.0% is included to reflect the Building Code Endorsement Grade (BCEG) in your area.
Adjustments range from 1.2% Surcharge to 12.4% Credit.
Premium change due to rate increase/decrease: $59,169.97
COUNTERSIGNED BY:
DATE SIGNED:
09/02/2024
Frontline Website: www.frontlineinsurance.com
First Protective Insurance Company
FPIC TOC CA 09 23

Page 1 of 2
Table of Contents – Condominium Association

COMMERCIAL PROPERTY COVERAGE PART
Condominium Association Coverage Form ...................................................................................... CP 00 17 06 07
A. Coverage ................................................................................................................................................................. 1
Covered Property .................................................................................................................................................. 1
Property Not Covered ............................................................................................................................................ 2
Covered Causes of Loss ....................................................................................................................................... 3
Additional Coverages............................................................................................................................................. 3
Coverage Extensions ............................................................................................................................................. 6
B. Exclusions and Limitations ...................................................................................................................................... 8
C. Limits of Insurance .................................................................................................................................................. 8
D. Deductible ................................................................................................................................................................ 8
E. Loss Conditions ....................................................................................................................................................... 9
Abandonment ........................................................................................................................................................ 9
Appraisal ............................................................................................................................................................... 9
Duties in the Event of a Loss or Damage ............................................................................................................ 10
Loss Payment ...................................................................................................................................................... 10
Recovered Property ............................................................................................................................................. 11
Vacancy ............................................................................................................................................................... 11
Valuation ............................................................................................................................................................. 11
F. Additional Conditions ............................................................................................................................................ 12
Coinsurance ....................................................................................................................................................... 12
Mortgageholders ................................................................................................................................................. 13
G. Optional Coverages .............................................................................................................................................. 14
Agreed Value ....................................................................................................................................................... 14
Inflation guard ...................................................................................................................................................... 14
Replacement Cost ............................................................................................................................................... 14
Extension of Replacement Cost to Personal Property of Others ......................................................................... 15
H. Definitions .............................................................................................................................................................. 15
CAUSES OF LOSS FORMS
Basic ................................................................................................................................................... CP 10 10 06 07
A. Covered Causes of Loss ....................................................................................................................................... 1
B. Exclusions .............................................................................................................................................................. 2
C. Additional Coverage – Limited Coverage for “Fungus”, Wet Rot, Dry Rot And Bacteria ........................................ 5
D. Limitation ............................................................................................................................................................... 6
E. Definition ................................................................................................................................................................ 6
Broad ............................................................................................................................................................. CP 10 20 06 07
A. Covered Causes of Loss ....................................................................................................................................... 1
B. Exclusions ............................................................................................................................................................. 3
C. Additional Coverage – Collapse ............................................................................................................................ 6
D. Additional Coverage – Limited Coverage for “Fungus”, Wet Rot, Dry Rot And Bacteria ......................................... 7
E. Limitation ............................................................................................................................................................... 8
F. Definitions .............................................................................................................................................................. 8
Special… ....................................................................................................................................................... CP 10 30 06 07
A. Covered Causes of Loss ....................................................................................................................................... 1
B. Exclusions ............................................................................................................................................................. 1
C. Limitations ............................................................................................................................................................. 6
D. Additional Coverage – Collapse ............................................................................................................................ 7
E. Additional Coverage – Limited Coverage for “Fungus”, Wet Rot, Dry Rot And Bacteria ......................................... 8
F. Additional Coverage Extensions ........................................................................................................................... 9
G. Definitions .............................................................................................................................................................. 10
Windstorm or Hail ..................................................................................................................................... FPIC WIND
A. Covered Causes of Loss ....................................................................................................................................... 1
B. Exclusions ............................................................................................................................................................. 1


First Protective Insurance Company
FPIC TOC CA 09 23

Page 2 of 2
MANDATORY ENDORSEMENTS
Commercial Property Conditions ............................................................................................................ CP 00 90
Florida Changes – Condominiums ......................................................................................................... CP 01 91
Common Policy Conditions – Cancellation and Nonrenewal……………………………………………. FPIC CPC
Florida Changes – Legal Action Against Us .......................................................................................... IL 01 75
Exclusion of Certain Computer – Related Losses ................................................................................ IL 09 35
Existing Damage Exclusion Endorsement ............................................................................................ FPIC EDEE
Additional Property Not Covered ............................................................................................................ FPIC ADPR
Florida – Claim Payment Provision - Condominium ............................................................................. FPIC CPPC
Florida Calendar Year Hurricane Percentage Deductible

(Residential Risks) (All Policies “With Wind”)………………………………………………………….. CP 03 23
Florida Hurricane Percentage Deductible – Each Hurricane ............................................................... CP 03 27
Florida – Multiple Deductible Form ......................................................................................................... CP 03 22
Catastrophic Ground Cover Collapse .................................................................................................... FPIC CGCC
Joint or Disputed Loss Agreement ......................................................................................................... CP 12 70
Exclusion of Loss due to Virus or Bacteria ........................................................................................... CP 01 40




OTHER ENDORSEMENTS (May be attached)
Windstorm or Hail Exclusion ................................................................................................................... CP 10 54
Vandalism Exclusion ................................................................................................................................ CP 10 55
Sprinkler Leakage Exclusion ................................................................................................................... CP 10 56
Windstorm Protective Devices ................................................................................................................ CP 12 09
Loss Payable Provisions ......................................................................................................................... CP 12 18
Additional Covered Property ................................................................................................................... CP 14 10
Outside Signs ............................................................................................................................................ CP 14 40
Radio or Television Antennas ................................................................................................................. CP 14 50
Insured’s Consent To Excess Rate – Florida ........................................................................................ IL 09 32
Protective Safeguards .............................................................................................................................. IL 04 15
Cap on Losses From Certified Acts of Terrorism ................................................................................. IL 09 52
Exclusion of Certified Acts of Terrorism................................................................................................ IL 09 53
Disclosure Pursuant to Terrorism Risk Insurance Act ......................................................................... IL 09 85
Property Plus Extension Endorsement - Basic ..................................................................................... FPIC BE 01
Property Plus Extension Endorsement - Deluxe ................................................................................... FPIC PE
Sinkhole Deductible Selection ................................................................................................................ FPIC SDO
Florida – Sinkhole Loss Coverage .......................................................................................................... FPIC SLC
Ordinance or Law ..................................................................................................................................... FPIC ORDLAW
Ordinance or Law Coverage Schedule ................................................................................................... FPIC SOLC
Request to Exclude Windstorm and Hail Coverage .............................................................................. FPIC XW

First Protective Insurance Company
Commercial Property


FPIC NOCPT 02 24

FPIC NOCPT 02 24

Page 1 of 1


NOTICE OF CHANGE IN POLICY TERMS

The purpose of this Notice of Change in Policy Terms is to inform you of changes to the terms, coverages, duties,
and conditions of your renewal policy. If you choose to accept our renewal offer, you should carefully review the
changes described below along with the enclosed policy. Please contact your agent if you have any questions
regarding these changes. Receipt by First Protective Insurance Company of premium payment for your renewal
policy will be deemed acceptance of the new policy terms by the named insured.

Summary of Changes
The form FPIC APR 01 24 – Florida Changes – Appraisal (Commercial Residential Property) has been added to
your policy. FPIC APR 01 24 replaces paragraph E. Loss Conditions, section 2. Appraisal by revising the
entirety of the Appraisal Clause to reflect a shift to a one-way appraisal demand from the current system of either
party being able to demand appraisal. A summary of conditions relating to the Appraisal process outlined in the
form are provided below:
(1) Each party must select a competent, disinterested appraiser and notify the other party of the appraiser’s
identity within 15 days of your receipt of our written demand for appraisal.
(2) If the appraisers agree on all items:
(a) They will jointly submit to each party a written report of agreement signed by them.
(b) The written report of agreement must:
(i) Be itemized;
(ii) State separately the actual cash value, replacement cost, and if applicable, the market value
of each item submitted by the parties.
(3) If the two appraisers fail to agree on the submitted disputes within 20 days, unless the period of time is
extended by mutual agreement, they will select a competent, disinterested umpire and will submit their
differences to the umpire.
(a) The umpire must be chosen within 5 days.
(b) If the appraisers cannot agree on an umpire, then a judge in the county where the property is
located will make the selection.
(c) If the umpire reaches an agreement with one of the appraisers on all items, they will jointly submit
to each party a written report of agreement signed by them.
(4) Each party will be responsible for the compensation of their selected appraiser.
(5) Reasonable expenses of the appraisal and the reasonable compensation of the umpire will be paid
equally by you and us.
(6) Appraisal is available only to determine the amount of the loss of each item in dispute.
(7) Appraisal is a non-judicial proceeding and:
(a) Does not provide for or require arbitration.
(b) Neither party will be awarded attorney fees.
(c) The appraisal award may not be entered as a judgement in a court.
(8) We may not demand appraisal after we bring suit or action against you relating to the amount of loss.

First Protective Insurance Company
Commercial Property


FPIC NOCPT 12 23

FPIC NOCPT 12 23

Page 1 of 1


NOTICE OF CHANGE IN POLICY TERMS

The purpose of this Notice of Change in Policy Terms is to inform you of changes to the terms, coverages, duties,
and conditions of your renewal policy. If you choose to accept our renewal offer, you should carefully review the
changes described below along with the enclosed policy. Please contact your agent if you have any questions
regarding these changes. Receipt by First Protective Insurance Company of premium payment for your renewal
policy will be deemed acceptance of the new policy terms by the named insured.

Summary of Changes
The form FPIC REM 12 23 – Additional Coverage – Reasonable Emergency Measures Endorsement has been
added to your policy. A summary of the changes to your policy has been provided below.
• Adds Reasonable Emergency Measures Coverage to A. Coverage, as an Additional Coverage which
modifies the policy by:
(1) Including $10,000 for the reasonable costs incurred by you for necessary measures taken solely
to protect covered property from further damage, when loss or damage is caused by a Covered
Cause of Loss.
(2) Stating that the company will not pay more than $10,000 unless we provide you advance
approval to exceed this limit within 72 hours of your request to exceed this limit. In such
circumstance, we will pay only up to the additional amount for the measures we authorize.
(3) Stating that a reasonable measure under this Additional Coverage may include permanent repair
when necessary to protect the Covered Property from further damage or to prevent unwanted
entry to the property. To the degree reasonably possible, the damaged property must be retained
for us to inspect.
• Modifies C. Limits of Insurance by:
(1) Deleting the statement of “The most we will pay for loss or damage to outdoor signs, whether or
not the sign is attached to a building, is $2,500 per sign in any one occurrence.”
(2) Including the statement “Payments under the Preservation of Property Additional Coverage and
Reasonable Emergency Measures Additional Coverage will not increase the applicable Limit of
Insurance.
• Adds the following conditions to E. Loss Conditions:
(1) Except for Reasonable Emergency Measures taken under Additional Coverage, there is no
coverage for repairs that begin before the earlier of:
(a) 72 hours after we are notified of the loss; or
(b) The time of loss inspection by us.
(2) To the degree reasonably possible, you shall retain the damaged property and allow us to inspect
all damaged property prior to its removal from the premises described in the Declarations.
(3) Protect the Covered Property from further damage. The following must be performed:
(a) Take reasonable emergency measures that are necessary to protect the Covered
Property from further damage, as provided under Additional Coverage Reasonable
Emergency Measures.
(4) A reasonable measure described above may include permanent repair when necessary to protect
the Covered Property from further damage or to prevent unwanted entry to the property. To the
degree reasonably possible, the damage property must be retained for us to inspect.



IL P 001 01 04

IL P 001 01 04
© ISO Properties, Inc., 2004
Page 1 of 1

U.S. TREASURY DEPARTMENT'S OFFICE OF FOREIGN
ASSETS CONTROL ("OFAC")
ADVISORY NOTICE TO POLICYHOLDERS

No coverage is provided by this Policyholder Notice nor can it be construed to replace any provisions of your
policy. You should read your policy and review your Declarations page for complete information on the coverages
you are provided.
This Notice provides information concerning possible impact on your insurance coverage due to directives issued
by OFAC. Please read this Notice carefully.
The Office of Foreign Assets Control (OFAC) administers and enforces sanctions policy, based on Presidential
declarations of "national emergency". OFAC has identified and listed numerous:
z Foreign agents;
z Front organizations;
z Terrorists;
z Terrorist organizations; and
z Narcotics traffickers;
as "Specially Designated Nationals and Blocked Persons". This list can be located on the United States Treas-
ury's web site – http//www.treas.gov/ofac.
In accordance with OFAC regulations, if it is determined that you or any other insured, or any person or entity
claiming the benefits of this insurance has violated U.S. sanctions law or is a Specially Designated National and
Blocked Person, as identified by OFAC, this insurance will be considered a blocked or frozen contract and all
provisions of this insurance are immediately subject to OFAC. When an insurance policy is considered to be such
a blocked or frozen contract, no payments nor premium refunds may be made without authorization from OFAC.
Other limitations on the premiums and payments also apply.

COMMERCIAL PROPERTY

CP 00 17 06 07

CP 00 17 06 07
© ISO Properties, Inc., 2007
Page 1 of 15 

CONDOMINIUM ASSOCIATION COVERAGE FORM

Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and
what is and is not covered.
Throughout this policy the words "you" and "your" refer to the Named Insured shown in the Declarations. The
words "we", "us" and "our" refer to the Company providing this insurance.
Other words and phrases that appear in quotation marks have special meaning. Refer to Section H., Definitions.

A. Coverage
We will pay for direct physical loss of or damage to Covered Property at the premises described in the Decla-
rations caused by or resulting from any Covered Cause of Loss.

1. Covered Property
Covered Property, as used in this Coverage Part, means the type of property described in this section,
A.1., and limited in A.2., Property Not Covered, if a Limit of Insurance is shown in the Declarations for that
type of property.

a. Building, meaning the building or structure described in the Declarations, including:

(1) Completed additions;

(2) Fixtures, outside of individual units, including outdoor fixtures;

(3) Permanently installed:

(a) Machinery; and

(b) Equipment;

(4) Personal property owned by you that is used to maintain or service the building or structure or its
premises, including:

(a) Fire-extinguishing equipment;

(b) Outdoor furniture;

(c) Floor coverings; and

(d) Appliances used for refrigerating, ventilating, cooking, dishwashing or laundering that are not
contained within individual units;

(5) If not covered by other insurance:

(a) Additions under construction, alterations and repairs to the building or structure;

(b) Materials, equipment, supplies, and temporary structures, on or within 100 feet of the described
premises, used for making additions, alterations or repairs to the building or structure; and

(6) Any of the following types of property contained within a unit, regardless of ownership, if your Con-
dominium Association Agreement requires you to insure it:

(a) Fixtures, improvements and alterations that are a part of the building or structure; and

(b) Appliances, such as those used for refrigerating, ventilating, cooking, dishwashing, laundering,
security or housekeeping.
But Building does not include personal property owned by, used by or in the care, custody or control of
a unit-owner except for personal property listed in Paragraph A.1.a.(6) above.

b. Your Business Personal Property located in or on the building described in the Declarations or in the
open (or in a vehicle) within 100 feet of the described premises, consisting of the following:

(1) Personal property owned by you or owned indivisibly by all unit-owners;

(2) Your interest in the labor, materials or services furnished or arranged by you on personal property of
others;

(3) Leased personal property for which you have a contractual responsibility to insure, unless otherwise
provided for under Personal Property Of Others.

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But Your Business Personal Property does not include personal property owned only by a unit-owner.

c. Personal Property Of Others that is:

(1) In your care, custody or control; and

(2) Located in or on the building described in the Declarations or in the open (or in a vehicle) within 100
feet of the described premises.
However, our payment for loss of or damage to personal property of others will only be for the account
of the owner of the property.

2. Property Not Covered
Covered Property does not include:

a. Accounts, bills, currency, food stamps or other evidences of debt, money, notes or securities. Lottery
tickets held for sale are not securities;

b. Animals, unless owned by others and boarded by you;

c. Automobiles held for sale;

d. Bridges, roadways, walks, patios or other paved surfaces;

e. Contraband, or property in the course of illegal transportation or trade;

f. The cost of excavations, grading, backfilling or filling;

g. Foundations of buildings, structures, machinery or boilers if their foundations are below:

(1) The lowest basement floor; or

(2) The surface of the ground if there is no basement;

h. Land (including land on which the property is located), water, growing crops or lawns;

i. Personal property while airborne or waterborne;

j. Bulkheads, pilings, piers, wharves or docks;

k. Property that is covered under this or any other policy in which it is more specifically described, except
for the excess of the amount due (whether you can collect on it or not) from that other insurance;

l. Retaining walls that are not part of a building;

m. Underground pipes, flues or drains;

n. Electronic data, except as provided under the Additional Coverage, Electronic Data. Electronic data
means information, facts or computer programs stored as or on, created or used on, or transmitted to or
from computer software (including systems and applications software), on hard or floppy disks, CD-
ROMs, tapes, drives, cells, data processing devices or any other repositories of computer software
which are used with electronically controlled equipment. The term computer programs, referred to in the
foregoing description of electronic data, means a set of related electronic instructions which direct the
operations and functions of a computer or device connected to it, which enable the computer or device
to receive, process, store, retrieve or send data;

o. The cost to replace or restore the information on valuable papers and records, including those which
exist as electronic data. Valuable papers and records include but are not limited to proprietary infor-
mation, books of account, deeds, manuscripts, abstracts, drawings and card index systems. Refer to
the Coverage Extension for Valuable Papers And Records (Other Than Electronic Data) for limited cov-
erage for valuable papers and records other than those which exist as electronic data;

p. Vehicles or self-propelled machines (including aircraft or watercraft) that:

(1) Are licensed for use on public roads; or

(2) Are operated principally away from the described premises.
This paragraph does not apply to:

(a) Vehicles or self-propelled machines or autos you manufacture or warehouse;

(b) Vehicles or self-propelled machines, other than autos, you hold for sale;

(c) Rowboats or canoes out of water at the described premises; or

(d) Trailers, but only to the extent provided for in the Coverage Extension for Non-owned Detached
Trailers;

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q. The following property while outside of buildings:

(1) Grain, hay, straw or other crops; or

(2) Fences, radio or television antennas (including satellite dishes) and their lead-in wiring, masts or
towers, trees, shrubs, or plants (other than "stock" of trees, shrubs or plants), all except as provided
in the Coverage Extensions.

3. Covered Causes Of Loss
See applicable Causes Of Loss Form as shown in the Declarations.

4. Additional Coverages

a. Debris Removal

(1) Subject to Paragraphs (3) and (4), we will pay your expense to remove debris of Covered Property
caused by or resulting from a Covered Cause of Loss that occurs during the policy period. The ex-
penses will be paid only if they are reported to us in writing within 180 days of the date of direct
physical loss or damage.

(2) Debris Removal does not apply to costs to:

(a) Extract "pollutants" from land or water; or

(b) Remove, restore or replace polluted land or water.

(3) Subject to the exceptions in Paragraph (4), the following provisions apply:

(a) The most we will pay for the total of direct physical loss or damage plus debris removal expense
is the Limit of Insurance applicable to the Covered Property that has sustained loss or damage.

(b) Subject to (a) above, the amount we will pay for debris removal expense is limited to 25% of the
sum of the deductible plus the amount that we pay for direct physical loss or damage to the Cov-
ered Property that has sustained loss or damage.

(4) We will pay up to an additional $10,000 for debris removal expense, for each location, in any one
occurrence of physical loss or damage to Covered Property, if one or both of the following circum-
stances apply:

(a) The total of the actual debris removal expense plus the amount we pay for direct physical loss or
damage exceeds the Limit of Insurance on the Covered Property that has sustained loss or
damage.

(b) The actual debris removal expense exceeds 25% of the sum of the deductible plus the amount
that we pay for direct physical loss or damage to the Covered Property that has sustained loss or
damage.
Therefore, if (4)(a) and/or (4)(b) apply, our total payment for direct physical loss or damage and de-
bris removal expense may reach but will never exceed the Limit of Insurance on the Covered Prop-
erty that has sustained loss or damage, plus $10,000.

(5) Examples
The following examples assume that there is no Coinsurance penalty.
EXAMPLE #1
Limit of Insurance:
$ 90,000
Amount of Deductible:
$
500
Amount of Loss:
$ 50,000
Amount of Loss Payable:
$ 49,500

($50,000 – $500)
Debris Removal Expense:
$ 10,000
Debris Removal Expense Payable:
$ 10,000
($10,000 is 20% of $50,000.)
The debris removal expense is less than 25% of the sum of the loss payable plus the deductible. The sum of the
loss payable and the debris removal expense ($49,500 + $10,000 = $59,500) is less than the Limit of Insurance.
Therefore, the full amount of debris removal expense is payable in accordance with the terms of Paragraph (3).

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EXAMPLE #2
Limit of Insurance:
$ 90,000
Amount of Deductible:
$
500
Amount of Loss:
$ 80,000
Amount of Loss Payable:
$ 79,500

($80,000 – $500)
Debris Removal Expense:
$ 30,000
Debris Removal Expense Payable



Basic Amount:
$ 10,500

Additional Amount:
$ 10,000
The basic amount payable for debris removal expense under the terms of Paragraph (3) is calculated as follows:
$80,000 ($79,500 + $500) x .25 = $20,000; capped at $10,500. The cap applies because the sum of the loss
payable ($79,500) and the basic amount payable for debris removal expense ($10,500) cannot exceed the Limit
of Insurance ($90,000).
The additional amount payable for debris removal expense is provided in accordance with the terms of Paragraph
(4), because the debris removal expense ($30,000) exceeds 25% of the loss payable plus the deductible
($30,000 is 37.5% of $80,000), and because the sum of the loss payable and debris removal expense ($79,500 +
$30,000 = $109,500) would exceed the Limit of Insurance ($90,000). The additional amount of covered debris
removal expense is $10,000, the maximum payable under Paragraph (4). Thus the total payable for debris re-
moval expense in this example is $20,500; $9,500 of the debris removal expense is not covered.

b. Preservation Of Property
If it is necessary for you to move Covered Property from the described premises to preserve it from loss
or damage by a Covered Cause of Loss, we will pay for any direct physical loss or damage to that
property:

(1) While it is being moved or while temporarily stored at another location; and

(2) Only if the loss or damage occurs within 30 days after the property is first moved.

c. Fire Department Service Charge
When the fire department is called to save or protect Covered Property from a Covered Cause of Loss,
we will pay up to $1,000, unless a higher limit is shown in the Declarations, for your liability for fire de-
partment service charges:

(1) Assumed by contract or agreement prior to loss; or

(2) Required by local ordinance.
No Deductible applies to this Additional Coverage.

d. Pollutant Clean-up And Removal
We will pay your expense to extract "pollutants" from land or water at the described premises if the dis-
charge, dispersal, seepage, migration, release or escape of the "pollutants" is caused by or results from
a Covered Cause of Loss that occurs during the policy period. The expenses will be paid only if they
are reported to us in writing within 180 days of the date on which the Covered Cause of Loss occurs.
This Additional Coverage does not apply to costs to test for, monitor or assess the existence, concen-
tration or effects of "pollutants". But we will pay for testing which is performed in the course of extracting
the "pollutants" from the land or water.
The most we will pay under this Additional Coverage for each described premises is $10,000 for the
sum of all covered expenses arising out of Covered Causes of Loss occurring during each separate 12-
month period of this policy.

e. Increased Cost Of Construction

(1) This Additional Coverage applies only to buildings to which the Replacement Cost Optional Cover-
age applies.

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(2) In the event of damage by a Covered Cause of Loss to a building that is Covered Property, we will
pay the increased costs incurred to comply with enforcement of an ordinance or law in the course of
repair, rebuilding or replacement of damaged parts of that property, subject to the limitations stated
in e.(3) through e.(9) of this Additional Coverage.

(3) The ordinance or law referred to in e.(2) of this Additional Coverage is an ordinance or law that
regulates the construction or repair of buildings or establishes zoning or land use requirements at
the described premises, and is in force at the time of loss.

(4) Under this Additional Coverage, we will not pay any costs due to an ordinance or law that:

(a) You were required to comply with before the loss, even when the building was undamaged; and

(b) You failed to comply with.

(5) Under this Additional Coverage, we will not pay for:

(a) The enforcement of any ordinance or law which requires demolition, repair, replacement, recon-
struction, remodeling or remediation of property due to contamination by "pollutants" or due to
the presence, growth, proliferation, spread or any activity of "fungus", wet or dry rot or bacteria;
or

(b) Any costs associated with the enforcement of an ordinance or law which requires any insured or
others to test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, or in any way
respond to, or assess the effects of "pollutants", "fungus", wet or dry rot or bacteria.

(6) The most we will pay under this Additional Coverage, for each described building insured under this
Coverage Form, is $10,000 or 5% of the Limit of Insurance applicable to that building, whichever is
less. If a damaged building is covered under a blanket Limit of Insurance which applies to more than
one building or item of property, then the most we will pay under this Additional Coverage, for that
damaged building, is the lesser of: $10,000 or 5% times the value of the damaged building as of the
time of loss times the applicable Coinsurance percentage.
The amount payable under this Additional Coverage is additional insurance.

(7) With respect to this Additional Coverage:

(a) We will not pay for the Increased Cost of Construction:

(i) Until the property is actually repaired or replaced, at the same or another premises; and

(ii) Unless the repairs or replacement are made as soon as reasonably possible after the loss or
damage, not to exceed two years. We may extend this period in writing during the two years.

(b) If the building is repaired or replaced at the same premises, or if you elect to rebuild at another
premises, the most we will pay for the Increased Cost of Construction, subject to the provisions
of e.(6) of this Additional Coverage, is the increased cost of construction at the same premises.

(c) If the ordinance or law requires relocation to another premises, the most we will pay for the In-
creased Cost of Construction, subject to the provisions of e.(6) of this Additional Coverage, is the
increased cost of construction at the new premises.

(8) This Additional Coverage is not subject to the terms of the Ordinance Or Law Exclusion, to the ex-
tent that such Exclusion would conflict with the provisions of this Additional Coverage.

(9) The costs addressed in the Loss Payment and Valuation Conditions, and the Replacement Cost
Optional Coverage, in this Coverage Form, do not include the increased cost attributable to en-
forcement of an ordinance or law. The amount payable under this Additional Coverage, as stated in
e.(6) of this Additional Coverage, is not subject to such limitation.

f. Electronic Data

(1) Under this Additional Coverage, electronic data has the meaning described under Property Not
Covered, Electronic Data.

(2) Subject to the provisions of this Additional Coverage, we will pay for the cost to replace or restore
electronic data which has been destroyed or corrupted by a Covered Cause of Loss. To the extent
that electronic data is not replaced or restored, the loss will be valued at the cost of replacement of
the media on which the electronic data was stored, with blank media of substantially identical type.

(3) The Covered Causes of Loss applicable to Your Business Personal Property apply to this Additional
Coverage, Electronic Data, subject to the following:

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(a) If the Causes Of Loss – Special Form applies, coverage under this Additional Coverage, Elec-
tronic Data, is limited to the "specified causes of loss" as defined in that form, and Collapse as
set forth in that form.

(b) If the Causes Of Loss – Broad Form applies, coverage under this Additional Coverage, Electron-
ic Data, includes Collapse as set forth in that form.

(c) If the Causes Of Loss Form is endorsed to add a Covered Cause of Loss, the additional Covered
Cause of Loss does not apply to the coverage provided under this Additional Coverage, Elec-
tronic Data.

(d) The Covered Causes of Loss include a virus, harmful code or similar instruction introduced into
or enacted on a computer system (including electronic data) or a network to which it is connect-
ed, designed to damage or destroy any part of the system or disrupt its normal operation. But
there is no coverage for loss or damage caused by or resulting from manipulation of a computer
system (including electronic data) by any employee, including a temporary or leased employee,
or by an entity retained by you or for you to inspect, design, install, modify, maintain, repair or
replace that system.

(4) The most we will pay under this Additional Coverage, Electronic Data, is $2,500 for all loss or dam-
age sustained in any one policy year, regardless of the number of occurrences of loss or damage or
the number of premises, locations or computer systems involved. If loss payment on the first occur-
rence does not exhaust this amount, then the balance is available for subsequent loss or damage
sustained in but not after that policy year. With respect to an occurrence which begins in one policy
year and continues or results in additional loss or damage in a subsequent policy year(s), all loss or
damage is deemed to be sustained in the policy year in which the occurrence began.

5. Coverage Extensions
Except as otherwise provided, the following Extensions apply to property located in or on the building de-
scribed in the Declarations or in the open (or in a vehicle) within 100 feet of the described premises.
If a Coinsurance percentage of 80% or more is shown in the Declarations, you may extend the insurance
provided by this Coverage Part as follows:

a. Newly Acquired Or Constructed Property

(1) Buildings
You may extend the insurance that applies to Building to apply to:

(a) Your new buildings while being built on the described premises; and

(b) Buildings you acquire at locations, other than the described premises, intended for:

(i) Similar use as the building described in the Declarations; or

(ii) Use as a warehouse.
The most we will pay for loss or damage under this Extension is $250,000 at each building.

(2) Your Business Personal Property

(a) If this policy covers Your Business Personal Property, you may extend that insurance to apply to:

(i) Business personal property, including such property that you newly acquire, at any location
you acquire other than at fairs, trade shows or exhibitions;

(ii) Business personal property, including such property that you newly acquire, located at your
newly constructed or acquired buildings at the location described in the Declarations; or

(iii) Business personal property that you newly acquire, located at the described premises.
The most we will pay for loss or damage under this Extension is $100,000 at each building.

(b) This Extension does not apply to:

(i) Personal property of others that is temporarily in your possession in the course of installing or
performing work on such property; or

(ii) Personal property of others that is temporarily in your possession in the course of your manu-
facturing or wholesaling activities.

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(3) Period Of Coverage
With respect to insurance on or at each newly acquired or constructed property, coverage will end
when any of the following first occurs:

(a) This policy expires;

(b) 30 days expire after you acquire the property or begin construction of that part of the building
that would qualify as covered property; or

(c) You report values to us.
We will charge you additional premium for values reported from the date you acquire the property or
begin construction of that part of the building that would qualify as covered property.

b. Personal Effects And Property Of Others
You may extend the insurance that applies to Your Business Personal Property to apply to:

(1) Personal effects owned by you, your officers, your partners or members, your managers or your
employees. This Extension does not apply to loss or damage by theft.

(2) Personal property of others in your care, custody or control.
The most we will pay for loss or damage under this Extension is $2,500 at each described premises.
Our payment for loss of or damage to personal property of others will only be for the account of the
owner of the property.

c. Valuable Papers And Records (Other Than Electronic Data)

(1) You may extend the insurance that applies to Your Business Personal Property to apply to the cost
to replace or restore the lost information on valuable papers and records for which duplicates do not
exist. But this Extension does not apply to valuable papers and records which exist as electronic da-
ta. Electronic data has the meaning described under Property Not Covered, Electronic Data.

(2) If the Causes Of Loss – Special Form applies, coverage under this Extension is limited to the "speci-
fied causes of loss" as defined in that form, and Collapse as set forth in that form.

(3) If the Causes Of Loss – Broad Form applies, coverage under this Extension includes Collapse as
set forth in that form.

(4) Under this Extension, the most we will pay to replace or restore the lost information is $2,500 at
each described premises, unless a higher limit is shown in the Declarations. Such amount is addi-
tional insurance. We will also pay for the cost of blank material for reproducing the records (whether
or not duplicates exist), and (when there is a duplicate) for the cost of labor to transcribe or copy the
records. The costs of blank material and labor are subject to the applicable Limit of Insurance on
Your Business Personal Property and therefore coverage of such costs is not additional insurance.

d. Property Off-premises

(1) You may extend the insurance provided by this Coverage Form to apply to your Covered Property
while it is away from the described premises, if it is:

(a) Temporarily at a location you do not own, lease or operate;

(b) In storage at a location you lease, provided the lease was executed after the beginning of the
current policy term; or

(c) At any fair, trade show or exhibition.

(2) This Extension does not apply to property:

(a) In or on a vehicle; or

(b) In the care, custody or control of your salespersons, unless the property is in such care, custody
or control at a fair, trade show or exhibition.

(3) The most we will pay for loss or damage under this Extension is $10,000.

e. Outdoor Property
You may extend the insurance provided by this Coverage Form to apply to your outdoor fences, radio
and television antennas (including satellite dishes), trees, shrubs and plants (other than "stock" of trees,
shrubs or plants), including debris removal expense, caused by or resulting from any of the following
causes of loss if they are Covered Causes of Loss:

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(1) Fire;

(2) Lightning;

(3) Explosion;

(4) Riot or Civil Commotion; or

(5) Aircraft.
The most we will pay for loss or damage under this Extension is $1,000, but not more than $250 for any
one tree, shrub or plant. These limits apply to any one occurrence, regardless of the types or number of
items lost or damaged in that occurrence.

f. Non-owned Detached Trailers

(1) You may extend the insurance that applies to Your Business Personal Property to apply to loss or
damage to trailers that you do not own, provided that:

(a) The trailer is used in your business;

(b) The trailer is in your care, custody or control at the premises described in the Declarations; and

(c) You have a contractual responsibility to pay for loss or damage to the trailer.

(2) We will not pay for any loss or damage that occurs:

(a) While the trailer is attached to any motor vehicle or motorized conveyance, whether or not the
motor vehicle or motorized conveyance is in motion;

(b) During hitching or unhitching operations, or when a trailer becomes accidentally unhitched from
a motor vehicle or motorized conveyance.

(3) The most we will pay for loss or damage under this Extension is $5,000, unless a higher limit is
shown in the Declarations.

(4) This insurance is excess over the amount due (whether you can collect on it or not) from any other
insurance covering such property.
Each of these Extensions is additional insurance unless otherwise indicated. The Additional Condition, Coin-
surance, does not apply to these Extensions.
B. Exclusions And Limitations
See applicable Causes Of Loss Form as shown in the Declarations.
C. Limits Of Insurance
The most we will pay for loss or damage in any one occurrence is the applicable Limit of Insurance shown in
the Declarations.
The most we will pay for loss or damage to outdoor signs, whether or not the sign is attached to a building, is
$2,500 per sign in any one occurrence.
The amounts of insurance stated in the following Additional Coverages apply in accordance with the terms of
such coverages and are separate from the Limit(s) of Insurance shown in the Declarations for any other cov-
erage:

1. Fire Department Service Charge;

2. Pollutant Clean-up And Removal;

3. Increased Cost Of Construction; and

4. Electronic Data.
Payments under the Preservation Of Property Additional Coverage will not increase the applicable Limit of In-
surance.
D. Deductible
In any one occurrence of loss or damage (hereinafter referred to as loss), we will first reduce the amount of
loss if required by the Coinsurance Condition or the Agreed Value Optional Coverage. If the adjusted amount
of loss is less than or equal to the Deductible, we will not pay for that loss. If the adjusted amount of loss ex-
ceeds the Deductible, we will then subtract the Deductible from the adjusted amount of loss, and will pay the
resulting amount or the Limit of Insurance, whichever is less.

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When the occurrence involves loss to more than one item of Covered Property and separate Limits of Insur-
ance apply, the losses will not be combined in determining application of the Deductible. But the Deductible
will be applied only once per occurrence.
EXAMPLE #1
(This example assumes there is no Coinsurance penalty.)
Deductible:
$
250
Limit of Insurance – Building #1:
$ 60,000
Limit of Insurance – Building #2:
$ 80,000
Loss to Building #1:
$ 60,100
Loss to Building #2:
$ 90,000
The amount of loss to Building #1 ($60,100) is less than the sum ($60,250) of the Limit of Insurance applicable to
Building #1 plus the Deductible.
The Deductible will be subtracted from the amount of loss in calculating the loss payable for Building #1:
$ 60,100
–
250
$ 59,850 Loss Payable – Building #1
The Deductible applies once per occurrence and therefore is not subtracted in determining the amount of loss
payable for Building #2. Loss payable for Building #2 is the Limit of Insurance of $80,000.
Total amount of loss payable:
$59,850 + $80,000 = $139,850
EXAMPLE #2
(This example, too, assumes there is no Coinsurance penalty.)
The Deductible and Limits of Insurance are the same as those in Example #1.
Loss to Building #1:
$ 70,000
(Exceeds Limit of Insurance plus Deductible)
Loss to Building #2:
$ 90,000
(Exceeds Limit of Insurance plus Deductible)
Loss Payable – Building #1:
$ 60,000
(Limit of Insurance)
Loss Payable – Building #2:
$ 80,000
(Limit of Insurance)
Total amount of loss payable:
$ 140,000

E. Loss Conditions
The following conditions apply in addition to the Common Policy Conditions and the Commercial Property
Conditions.

1. Abandonment
There can be no abandonment of any property to us.

2. Appraisal
If we and you disagree on the value of the property or the amount of loss, either may make written demand
for an appraisal of the loss. In this event, each party will select a competent and impartial appraiser. The
two appraisers will select an umpire. If they cannot agree, either may request that selection be made by a
judge of a court having jurisdiction. The appraisers will state separately the value of the property and
amount of loss. If they fail to agree, they will submit their differences to the umpire. A decision agreed to by
any two will be binding. Each party will:

a. Pay its chosen appraiser; and

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b. Bear the other expenses of the appraisal and umpire equally.
If there is an appraisal, we will still retain our right to deny the claim.

3. Duties In The Event Of Loss Or Damage

a. You must see that the following are done in the event of loss or damage to Covered Property:

(1) Notify the police if a law may have been broken.

(2) Give us prompt notice of the loss or damage. Include a description of the property involved.

(3) As soon as possible, give us a description of how, when and where the loss or damage occurred.

(4) Take all reasonable steps to protect the Covered Property from further damage, and keep a record
of your expenses necessary to protect the Covered Property, for consideration in the settlement of
the claim. This will not increase the Limit of Insurance. However, we will not pay for any subsequent
loss or damage resulting from a cause of loss that is not a Covered Cause of Loss. Also, if feasible,
set the damaged property aside and in the best possible order for examination.

(5) At our request, give us complete inventories of the damaged and undamaged property. Include
quantities, costs, values and amount of loss claimed.

(6) As often as may be reasonably required, permit us to inspect the property proving the loss or dam-
age and examine your books and records.
Also permit us to take samples of damaged and undamaged property for inspection, testing and
analysis, and permit us to make copies from your books and records.

(7) Send us a signed, sworn proof of loss containing the information we request to investigate the claim.
You must do this within 60 days after our request. We will supply you with the necessary forms.

(8) Cooperate with us in the investigation or settlement of the claim.

b. We may examine any insured under oath, while not in the presence of any other insured and at such
times as may be reasonably required, about any matter relating to this insurance or the claim, including
an insured's books and records. In the event of an examination, an insured's answers must be signed.

4. Loss Payment

a. In the event of loss or damage covered by this Coverage Form, at our option, we will either:

(1) Pay the value of lost or damaged property;

(2) Pay the cost of repairing or replacing the lost or damaged property, subject to b. below;

(3) Take all or any part of the property at an agreed or appraised value; or

(4) Repair, rebuild or replace the property with other property of like kind and quality, subject to b. be-
low.
We will determine the value of lost or damaged property, or the cost of its repair or replacement, in ac-
cordance with the applicable terms of the Valuation Condition in this Coverage Form or any applicable
provision which amends or supersedes the Valuation Condition.

b. The cost to repair, rebuild or replace does not include the increased cost attributable to enforcement of
any ordinance or law regulating the construction, use or repair of any property.

c. We will give notice of our intentions within 30 days after we receive the sworn proof of loss.

d. We will not pay you more than your financial interest in the Covered Property.

e. We may adjust losses with the owners of lost or damaged property if other than you. If we pay the own-
ers, such payments will satisfy your claims against us for the owners' property. We will not pay the
owners more than their financial interest in the Covered Property.

f. We may elect to defend you against suits arising from claims of owners of property. We will do this at
our expense.

g. We will pay for covered loss or damage to Covered Property within 30 days after we receive the sworn
proof of loss, if you have complied with all of the terms of this Coverage Part and:

(1) We have reached agreement with you on the amount of loss; or

(2) An appraisal award has been made.
If you name an insurance trustee, we will adjust losses with you, but we will pay the insurance trustee. If
we pay the trustee, the payments will satisfy your claims against us.

CP 00 17 06 07
© ISO Properties, Inc., 2007
Page 11 of 15 


h. A party wall is a wall that separates and is common to adjoining buildings that are owned by different
parties. In settling covered losses involving a party wall, we will pay a proportion of the loss to the party
wall based on your interest in the wall in proportion to the interest of the owner of the adjoining building.
However, if you elect to repair or replace your building and the owner of the adjoining building elects not
to repair or replace that building, we will pay you the full value of the loss to the party wall, subject to all
applicable policy provisions including Limits of Insurance, the Valuation and Coinsurance Conditions
and all other provisions of this Loss Payment Condition. Our payment under the provisions of this para-
graph does not alter any right of subrogation we may have against any entity, including the owner or in-
surer of the adjoining building, and does not alter the terms of the Transfer Of Rights Of Recovery
Against Others To Us Condition in this policy.

5. Recovered Property
If either you or we recover any property after loss settlement, that party must give the other prompt notice.
At your option, the property will be returned to you. You must then return to us the amount we paid to you
for the property. We will pay recovery expenses and the expenses to repair the recovered property, subject
to the Limit of Insurance.

6. Unit-owner's Insurance
A unit-owner may have other insurance covering the same property as this insurance. This insurance is in-
tended to be primary, and not to contribute with such other insurance.

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 Prop-
erty, 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 cus-
tomary 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%.

8. Valuation
We will determine the value of Covered Property in the event of loss or damage as follows:

a. At actual cash value as of the time of loss or damage, except as provided in b. and c. below.

b. If the Limit of Insurance for Building satisfies the Additional Condition, Coinsurance, and the cost to
repair or replace the damaged building property is $2,500 or less, we will pay the cost of building re-
pairs or replacement.

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CP 00 17 06 07 

The cost of building repairs or replacement does not include the increased cost attributable to enforce-
ment of any ordinance or law regulating the construction, use or repair of any property. However, the
following property will be valued at the actual cash value even when attached to the building:

(1) Awnings or floor coverings;

(2) Appliances for refrigerating, ventilating, cooking, dishwashing or laundering; or

(3) Outdoor equipment or furniture.

c. Glass at the cost of replacement with safety-glazing material if required by law.

9. Waiver Of Rights Of Recovery
We waive our rights to recover payment from any unit-owner of the condominium that is shown in the Dec-
larations.
F. Additional Conditions
The following conditions apply in addition to the Common Policy Conditions and the Commercial Property
Conditions.

1. Coinsurance
If a Coinsurance percentage is shown in the Declarations, the following condition applies.

a. We will not pay the full amount of any loss if the value of Covered Property at the time of loss times the
Coinsurance percentage shown for it in the Declarations is greater than the Limit of Insurance for the
property.
Instead, we will determine the most we will pay using the following steps:

(1) Multiply the value of Covered Property at the time of loss by the Coinsurance percentage;

(2) Divide the Limit of Insurance of the property by the figure determined in Step (1);

(3) Multiply the total amount of loss, before the application of any deductible, by the figure determined in
Step (2); and

(4) Subtract the deductible from the figure determined in Step (3).
We will pay the amount determined in Step (4) or the Limit of Insurance, whichever is less. For the remain-
der, you will either have to rely on other insurance or absorb the loss yourself.
EXAMPLE #1 (UNDERINSURANCE)
When:
The value of the property is:
$ 250,000

The Coinsurance percentage
for it is:

80%

The Limit of Insurance for it is:
$ 100,000

The Deductible is:
$
250

The amount of loss is:
$ 40,000
Step (1): $250,000 x 80% = $200,000

(the minimum amount of insurance to
meet your Coinsurance requirements)
Step (2): $100,000  $200,000 = .50
Step (3): $40,000 x .50 = $20,000
Step (4): $20,000 – $250 = $19,750
We will pay no more than $19,750. The remaining $20,250 is not covered.
EXAMPLE #2 (ADEQUATE INSURANCE)
When:
The value of the property is:
$ 250,000

The Coinsurance percentage
for it is:


80%

The Limit of Insurance for it is:
$ 200,000

The Deductible is:
$
250

The amount of loss is:
$ 40,000

CP 00 17 06 07
© ISO Properties, Inc., 2007
Page 13 of 15 

The minimum amount of insurance to meet your Coinsurance requirement is $200,000 ($250,000 x 80%). There-
fore, the Limit of Insurance in this example is adequate and no penalty applies. We will pay no more than $39,750
($40,000 amount of loss minus the deductible of $250).

b. If one Limit of Insurance applies to two or more separate items, this condition will apply to the total of all
property to which the limit applies.
EXAMPLE #3
When:
The value of the property is:



Building at Location #1:
$ 75,000

Building at Location #2:
$ 100,000

Personal Property
at Location #2:
$ 75,000


$ 250,000

The Coinsurance percentage
for it is:


90%

The Limit of Insurance for
Buildings and Personal Property
at Locations #1 and #2 is:
$ 180,000

The Deductible is:
$ 1,000

The amount of loss is:



Building at Location #2:
$ 30,000

Personal Property
at Location #2:
$

20,000


$ 50,000
Step (1): $250,000 x 90% = $225,000

(the minimum amount of insurance to
meet your Coinsurance requirements
and to avoid the penalty shown below)
Step (2): $180,000  $225,000 = .80
Step (3): $50,000 x .80 = $40,000
Step (4): $40,000 – $1,000 = $39,000
We will pay no more than $39,000. The remaining $11,000 is not covered.

2. Mortgageholders

a. The term mortgageholder includes trustee.

b. We will pay for covered loss of or damage to buildings or structures to each mortgageholder shown in
the Declarations in their order of precedence, as interests may appear.

c. The mortgageholder has the right to receive loss payment even if the mortgageholder has started fore-
closure or similar action on the building or structure.

d. If we deny your claim because of your acts or because you have failed to comply with the terms of this
Coverage Part, the mortgageholder will still have the right to receive loss payment if the mortgagehold-
er:

(1) Pays any premium due under this Coverage Part at our request if you have failed to do so;

(2) Submits a signed, sworn proof of loss within 60 days after receiving notice from us of your failure to
do so; and

(3) Has notified us of any change in ownership, occupancy or substantial change in risk known to the
mortgageholder.
All of the terms of this Coverage Part will then apply directly to the mortgageholder.

e. If we pay the mortgageholder for any loss or damage and deny payment to you because of your acts or
because you have failed to comply with the terms of this Coverage Part:

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CP 00 17 06 07 


(1) The mortgageholder's rights under the mortgage will be transferred to us to the extent of the amount
we pay; and

(2) The mortgageholder's right to recover the full amount of the mortgageholder's claim will not be im-
paired.
At our option, we may pay to the mortgageholder the whole principal on the mortgage plus any accrued
interest. In this event, your mortgage and note will be transferred to us and you will pay your remaining
mort gage debt to us.

f. If we cancel this policy, we will give written notice to the mortgageholder at least:

(1) 10 days before the effective date of cancellation if we cancel for your non-payment of premium; or

(2) 30 days before the effective date of cancellation if we cancel for any other reason.

g. If we elect not to renew this policy, we will give written notice to the mortgageholder at least 10 days
before the expiration date of this policy.
G. Optional Coverages
If shown as applicable in the Declarations, the following Optional Coverages apply separately to each item.

1. Agreed Value

a. The Additional Condition, Coinsurance, does not apply to Covered Property to which this Optional Cov-
erage applies. We will pay no more for loss of or damage to that property than the proportion that the
Limit of Insurance under this Coverage Part for the property bears to the Agreed Value shown for it in
the Declarations.

b. If the expiration date for this Optional Coverage shown in the Declarations is not extended, the Addi-
tional Condition, Coinsurance, is reinstated and this Optional Coverage expires.

c. The terms of this Optional Coverage apply only to loss or damage that occurs:

(1) On or after the effective date of this Optional Coverage; and

(2) Before the Agreed Value expiration date shown in the Declarations or the policy expiration date,
whichever occurs first.

2. Inflation Guard

a. The Limit of Insurance for property to which this Optional Coverage applies will automatically increase
by the annual percentage shown in the Declarations.

b. The amount of increase will be:

(1) The Limit of Insurance that applied on the most recent of the policy inception date, the policy anni-
versary date, or any other policy change amending the Limit of Insurance, times

(2) The percentage of annual increase shown in the Declarations, expressed as a decimal (example:
8% is .08), times

(3) The number of days since the beginning of the current policy year or the effective date of the most
recent policy change amending the Limit of Insurance, divided by 365.
EXAMPLE
If:
The applicable Limit of Insurance is: $ 100,000

The annual percentage increase is:

8%

The number of days since the
beginning of the policy year
(or last policy change) is:



146

The amount of increase is:
$100,000 x .08 x 146  365 =
$
3,200

3. Replacement Cost

a. Replacement Cost (without deduction for depreciation) replaces Actual Cash Value in the Loss Condi-
tion, Valuation, of this Coverage Form.

b. This Optional Coverage does not apply to:

(1) Personal property of others;

CP 00 17 06 07
© ISO Properties, Inc., 2007
Page 15 of 15 


(2) Contents of a residence; or

(3) Works of art, antiques or rare articles, including etchings, pictures, statuary, marbles, bronzes,
porcelains and bric-a-brac.
Under the terms of this Replacement Cost Optional Coverage, personal property owned indivisibly by
all unit-owners, and the property covered under Paragraph A.1.a.(6) of this Coverage Form, are not
considered to be the personal property of others.

c. You may make a claim for loss or damage covered by this insurance on an actual cash value basis
instead of on a replacement cost basis. In the event you elect to have loss or damage settled on an ac-
tual cash value basis, you may still make a claim for the additional coverage this Optional Coverage
provides if you notify us of your intent to do so within 180 days after the loss or damage.

d. We will not pay on a replacement cost basis for any loss or damage:

(1) Until the lost or damaged property is actually repaired or replaced; and

(2) Unless the repairs or replacement are made as soon as reasonably possible after the loss or dam-
age.

e. We will not pay more for loss or damage on a replacement cost basis than the least of (1), (2) or (3),
subject to f. below:

(1) The Limit of Insurance applicable to the lost or damaged property;

(2) The cost to replace the lost or damaged property with other property:

(a) Of comparable material and quality; and

(b) Used for the same purpose; or

(3) The amount actually spent that is necessary to repair or replace the lost or damaged property.
If a building is rebuilt at a new premises, the cost described in e.(2) above is limited to the cost which
would have been incurred if the building had been rebuilt at the original premises.

f. The cost of repair or replacement does not include the increased cost attributable to enforcement of any
ordinance or law regulating the construction, use or repair of any property.

4. Extension Of Replacement Cost To Personal Property Of Others

a. If the Replacement Cost Optional Coverage is shown as applicable in the Declarations, then this Exten-
sion may also be shown as applicable. If the Declarations show this Extension as applicable, then Par-
agraph 3.b.(1) of the Replacement Cost Optional Coverage is deleted and all other provisions of the
Replacement Cost Optional Coverage apply to replacement cost on personal property of others.

b. With respect to replacement cost on the personal property of others, the following limitation applies:
If an item(s) of personal property of others is subject to a written contract which governs your liability for
loss or damage to that item(s), then valuation of that item(s) will be based on the amount for which you
are liable under such contract, but not to exceed the lesser of the replacement cost of the property or
the applicable Limit of Insurance.
H. Definitions

1. "Fungus" means any type or form of fungus, including mold or mildew, and any mycotoxins, spores, scents
or by-products produced or released by fungi.

2. "Pollutants" means any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor,
soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, reconditioned or
reclaimed.

COMMERCIAL PROPERTY

CP 10 30 06 07

CP 10 30 06 07
© ISO Properties, Inc., 2007
Page 1 of 10 

CAUSES OF LOSS – SPECIAL FORM

Words and phrases that appear in quotation marks have special meaning. Refer to Section G., Definitions.

A. Covered Causes Of Loss
When Special is shown in the Declarations, Covered Causes of Loss means Risks Of Direct Physical Loss un-
less the loss is:

1. Excluded in Section B., Exclusions; or

2. Limited in Section C., Limitations;
that follow.
B. Exclusions

1. We will not pay for loss or damage caused directly or indirectly by any of the following. Such loss or dam-
age is excluded regardless of any other cause or event that contributes concurrently or in any sequence to
the loss.

a. Ordinance Or Law
The enforcement of any ordinance or law:

(1) Regulating the construction, use or repair of any property; or

(2) Requiring the tearing down of any property, including the cost of removing its debris.
This exclusion, Ordinance Or Law, applies whether the loss results from:

(a) An ordinance or law that is enforced even if the property has not been damaged; or

(b) The increased costs incurred to comply with an ordinance or law in the course of construction,
repair, renovation, remodeling or demolition of property, or removal of its debris, following a
physical loss to that property.

b. Earth Movement

(1) Earthquake, including any earth sinking, rising or shifting related to such event;

(2) Landslide, including any earth sinking, rising or shifting related to such event;

(3) Mine subsidence, meaning subsidence of a man-made mine, whether or not mining activity has
ceased;

(4) Earth sinking (other than sinkhole collapse), rising or shifting including soil conditions which cause
settling, cracking or other disarrangement of foundations or other parts of realty. Soil conditions in-
clude contraction, expansion, freezing, thawing, erosion, improperly compacted soil and the action
of water under the ground surface.
But if Earth Movement, as described in b.(1) through (4) above, results in fire or explosion, we will pay
for the loss or damage caused by that fire or explosion.

(5) Volcanic eruption, explosion or effusion. But if volcanic eruption, explosion or effusion results in fire,
building glass breakage or Volcanic Action, we will pay for the loss or damage caused by that fire,
building glass breakage or Volcanic Action.
Volcanic Action means direct loss or damage resulting from the eruption of a volcano when the loss
or damage is caused by:

(a) Airborne volcanic blast or airborne shock waves;

(b) Ash, dust or particulate matter; or

(c) Lava flow.
All volcanic eruptions that occur within any 168-hour period will constitute a single occurrence.
Volcanic Action does not include the cost to remove ash, dust or particulate matter that does not
cause direct physical loss or damage to the described property.
Page 2 of 10
© ISO Properties, Inc., 2007
CP 10 30 06 07 


c. Governmental Action
Seizure or destruction of property by order of governmental authority.
But we will pay for loss or damage caused by or resulting from acts of destruction ordered by govern-
mental authority and taken at the time of a fire to prevent its spread, if the fire would be covered under
this Coverage Part.

d. Nuclear Hazard
Nuclear reaction or radiation, or radioactive contamination, however caused.
But if nuclear reaction or radiation, or radioactive contamination, results in fire, we will pay for the loss
or damage caused by that fire.

e. Utility Services
The failure of power, communication, water or other utility service supplied to the described premises,
however caused, if the failure:

(1) Originates away from the described premises; or

(2) Originates at the described premises, but only if such failure involves equipment used to supply the
utility service to the described premises from a source away from the described premises.
Failure of any utility service includes lack of sufficient capacity and reduction in supply.
Loss or damage caused by a surge of power is also excluded, if the surge would not have occurred but
for an event causing a failure of power.
But if the failure or surge of power, or the failure of communication, water or other utility service, results
in a Covered Cause of Loss, we will pay for the loss or damage caused by that Covered Cause of Loss.
Communication services include but are not limited to service relating to Internet access or access to
any electronic, cellular or satellite network.

f. War And Military Action

(1) War, including undeclared or civil war;

(2) Warlike action by a military force, including action in hindering or defending against an actual or
expected attack, by any government, sovereign or other authority using military personnel or other
agents; or

(3) Insurrection, rebellion, revolution, usurped power, or action taken by governmental authority in hin-
dering or defending against any of these.

g. Water

(1) Flood, surface water, waves, tides, tidal waves, overflow of any body of water, or their spray, all
whether driven by wind or not;

(2) Mudslide or mudflow;

(3) Water that backs up or overflows from a sewer, drain or sump; or

(4) Water under the ground surface pressing on, or flowing or seeping through:

(a) Foundations, walls, floors or paved surfaces;

(b) Basements, whether paved or not; or

(c) Doors, windows or other openings.
But if Water, as described in g.(1) through g.(4) above, results in fire, explosion or sprinkler leakage, we
will pay for the loss or damage caused by that fire, explosion or sprinkler leakage.

h. "Fungus", Wet Rot, Dry Rot And Bacteria
Presence, growth, proliferation, spread or any activity of "fungus", wet or dry rot or bacteria.
But if "fungus", wet or dry rot or bacteria results in a "specified cause of loss", we will pay for the loss or
damage caused by that "specified cause of loss".
This exclusion does not apply:

1. When "fungus", wet or dry rot or bacteria results from fire or lightning; or

2. To the extent that coverage is provided in the Additional Coverage – Limited Coverage For "Fun-
gus", Wet Rot, Dry Rot And Bacteria with respect to loss or damage by a cause of loss other than
fire or lightning.
CP 10 30 06 07
© ISO Properties, Inc., 2007
Page 3 of 10 

Exclusions B.1.a. through B.1.h. apply whether or not the loss event results in widespread damage or af-
fects a substantial area.

2. We will not pay for loss or damage caused by or resulting from any of the following:

a. Artificially generated electrical, magnetic or electromagnetic energy that damages, disturbs, disrupts or
otherwise interferes with any:

(1) Electrical or electronic wire, device, appliance, system or network; or

(2) Device, appliance, system or network utilizing cellular or satellite technology.
For the purpose of this exclusion, electrical, magnetic or electromagnetic energy includes but is not lim-
ited to:

(a) Electrical current, including arcing;

(b) Electrical charge produced or conducted by a magnetic or electromagnetic field;

(c) Pulse of electromagnetic energy; or

(d) Electromagnetic waves or microwaves.
But if fire results, we will pay for the loss or damage caused by that fire.

b. Delay, loss of use or loss of market.

c. Smoke, vapor or gas from agricultural smudging or industrial operations.

d. (1) Wear and tear;

(2) Rust or other corrosion, decay, deterioration, hidden or latent defect or any quality in property that
causes it to damage or destroy itself;

(3) Smog;

(4) Settling, cracking, shrinking or expansion;

(5) Nesting or infestation, or discharge or release of waste products or secretions, by insects, birds,
rodents or other animals.

(6) Mechanical breakdown, including rupture or bursting caused by centrifugal force. But if mechanical
breakdown results in elevator collision, we will pay for the loss or damage caused by that elevator
collision.

(7) The following causes of loss to personal property:

(a) Dampness or dryness of atmosphere;

(b) Changes in or extremes of temperature; or

(c) Marring or scratching.
But if an excluded cause of loss that is listed in 2.d.(1) through (7) results in a "specified cause of loss"
or building glass breakage, we will pay for the loss or damage caused by that "specified cause of loss"
or building glass breakage.

e. Explosion of steam boilers, steam pipes, steam engines or steam turbines owned or leased by you, or
operated under your control. But if explosion of steam boilers, steam pipes, steam engines or steam
turbines results in fire or combustion explosion, we will pay for the loss or damage caused by that fire or
combustion explosion. We will also pay for loss or damage caused by or resulting from the explosion of
gases or fuel within the furnace of any fired vessel or within the flues or passages through which the
gases of combustion pass.

f. Continuous or repeated seepage or leakage of water, or the presence or condensation of humidity,
moisture or vapor, that occurs over a period of 14 days or more.

g. Water, other liquids, powder or molten material that leaks or flows from plumbing, heating, air condition-
ing or other equipment (except fire protective systems) caused by or resulting from freezing, unless:

(1) You do your best to maintain heat in the building or structure; or

(2) You drain the equipment and shut off the supply if the heat is not maintained.

h. Dishonest or criminal act by you, any of your partners, members, officers, managers, employees (in-
cluding leased employees), directors, trustees, authorized representatives or anyone to whom you en-
trust the property for any purpose:

(1) Acting alone or in collusion with others; or
Page 4 of 10
© ISO Properties, Inc., 2007
CP 10 30 06 07 


(2) Whether or not occurring during the hours of employment.
This exclusion does not apply to acts of destruction by your employees (including leased employees);
but theft by employees (including leased employees) is not covered.

i. Voluntary parting with any property by you or anyone else to whom you have entrusted the property if
induced to do so by any fraudulent scheme, trick, device or false pretense.

j. Rain, snow, ice or sleet to personal property in the open.

k. Collapse, including any of the following conditions of property or any part of the property:

(1) An abrupt falling down or caving in;

(2) Loss of structural integrity, including separation of parts of the property or property in danger of
falling down or caving in; or

(3) Any cracking, bulging, sagging, bending, leaning, settling, shrinkage or expansion as such condition
relates to (1) or (2) above.
But if collapse results in a Covered Cause of Loss at the described premises, we will pay for the loss or
damage caused by that Covered Cause of Loss.
This exclusion, k., does not apply:

(a) To the extent that coverage is provided under the Additional Coverage – Collapse; or

(b) To collapse caused by one or more of the following:

(i) The "specified causes of loss";

(ii) Breakage of building glass;

(iii) Weight of rain that collects on a roof; or

(iv) Weight of people or personal property.

l. Discharge, dispersal, seepage, migration, release or escape of "pollutants" unless the discharge, dis-
persal, seepage, migration, release or escape is itself caused by any of the "specified causes of loss".
But if the discharge, dispersal, seepage, migration, release or escape of "pollutants" results in a "speci-
fied cause of loss", we will pay for the loss or damage caused by that "specified cause of loss".
This exclusion, I., does not apply to damage to glass caused by chemicals applied to the glass.

m. Neglect of an insured to use all reasonable means to save and preserve property from further damage
at and after the time of loss.

3. We will not pay for loss or damage caused by or resulting from any of the following, 3.a. through 3.c. But if
an excluded cause of loss that is listed in 3.a. through 3.c. results in a Covered Cause of Loss, we will pay
for the loss or damage caused by that Covered Cause of Loss.

a. Weather conditions. But this exclusion only applies if weather conditions contribute in any way with a
cause or event excluded in Paragraph 1. above to produce the loss or damage.

b. Acts or decisions, including the failure to act or decide, of any person, group, organization or govern-
mental body.

c. Faulty, inadequate or defective:

(1) Planning, zoning, development, surveying, siting;

(2) Design, specifications, workmanship, repair, construction, renovation, remodeling, grading, compac-
tion;

(3) Materials used in repair, construction, renovation or remodeling; or

(4) Maintenance;
of part or all of any property on or off the described premises.

4. Special Exclusions
The following provisions apply only to the specified Coverage Forms.

a. Business Income (And Extra Expense) Coverage Form, Business Income (Without Extra
Expense) Coverage Form, Or Extra Expense Coverage Form
We will not pay for:

(1) Any loss caused by or resulting from:
CP 10 30 06 07
© ISO Properties, Inc., 2007
Page 5 of 10 


(a) Damage or destruction of "finished stock"; or

(b) The time required to reproduce "finished stock".
This exclusion does not apply to Extra Expense.

(2) Any loss caused by or resulting from direct physical loss or damage to radio or television antennas
(including satellite dishes) and their lead-in wiring, masts or towers.

(3) Any increase of loss caused by or resulting from:

(a) Delay in rebuilding, repairing or replacing the property or resuming "operations", due to interfer-
ence at the location of the rebuilding, repair or replacement by strikers or other persons; or

(b) Suspension, lapse or cancellation of any license, lease or contract. But if the suspension, lapse
or cancellation is directly caused by the "suspension" of "operations", we will cover such loss that
affects your Business Income during the "period of restoration" and any extension of the "period
of restoration" in accordance with the terms of the Extended Business Income Additional Cover-
age and the Extended Period Of Indemnity Optional Coverage or any variation of these.

(4) Any Extra Expense caused by or resulting from suspension, lapse or cancellation of any license,
lease or contract beyond the "period of restoration".

(5) Any other consequential loss.

b. Leasehold Interest Coverage Form

(1) Paragraph B.1.a., Ordinance Or Law, does not apply to insurance under this Coverage Form.

(2) We will not pay for any loss caused by:

(a) Your cancelling the lease;

(b) The suspension, lapse or cancellation of any license; or

(c) Any other consequential loss.

c. Legal Liability Coverage Form

(1) The following exclusions do not apply to insurance under this Coverage Form:

(a) Paragraph B.1.a., Ordinance Or Law;

(b) Paragraph B.1.c., Governmental Action;

(c) Paragraph B.1.d., Nuclear Hazard;

(d) Paragraph B.1.e., Utility Services; and

(e) Paragraph B.1.f., War And Military Action.

(2) The following additional exclusions apply to insurance under this Coverage Form:

(a) Contractual Liability
We will not defend any claim or "suit", or pay damages that you are legally liable to pay, solely by
reason of your assumption of liability in a contract or agreement. But this exclusion does not ap-
ply to a written lease agreement in which you have assumed liability for building damage result-
ing from an actual or attempted burglary or robbery, provided that:

(i) Your assumption of liability was executed prior to the accident; and

(ii) The building is Covered Property under this Coverage Form.

(b) Nuclear Hazard
We will not defend any claim or "suit", or pay any damages, loss, expense or obligation, resulting
from nuclear reaction or radiation, or radioactive contamination, however caused.

5. Additional Exclusion
The following provisions apply only to the specified property.
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CP 10 30 06 07 

LOSS OR DAMAGE TO PRODUCTS
We will not pay for loss or damage to any merchandise, goods or other product caused by or resulting from
error or omission by any person or entity (including those having possession under an arrangement where
work or a portion of the work is outsourced) in any stage of the development, production or use of the
product, including planning, testing, processing, packaging, installation, maintenance or repair. This exclu-
sion applies to any effect that compromises the form, substance or quality of the product. But if such error
or omission results in a Covered Cause of Loss, we will pay for the loss or damage caused by that Cov-
ered Cause of Loss.
C. Limitations
The following limitations apply to all policy forms and endorsements, unless otherwise stated.

1. We will not pay for loss of or damage to property, as described and limited in this section. In addition, we
will not pay for any loss that is a consequence of loss or damage as described and limited in this section.

a. Steam boilers, steam pipes, steam engines or steam turbines caused by or resulting from any condition
or event inside such equipment. But we will pay for loss of or damage to such equipment caused by or
resulting from an explosion of gases or fuel within the furnace of any fired vessel or within the flues or
passages through which the gases of combustion pass.

b. Hot water boilers or other water heating equipment caused by or resulting from any condition or event
inside such boilers or equipment, other than an explosion.

c. The interior of any building or structure, or to personal property in the building or structure, caused by or
resulting from rain, snow, sleet, ice, sand or dust, whether driven by wind or not, unless:

(1) The building or structure first sustains damage by a Covered Cause of Loss to its roof or walls
through which the rain, snow, sleet, ice, sand or dust enters; or

(2) The loss or damage is caused by or results from thawing of snow, sleet or ice on the building or
structure.

d. Building materials and supplies not attached as part of the building or structure, caused by or resulting
from theft.
However, this limitation does not apply to:

(1) Building materials and supplies held for sale by you, unless they are insured under the Builders Risk
Coverage Form; or

(2) Business Income Coverage or Extra Expense Coverage.

e. Property that is missing, where the only evidence of the loss or damage is a shortage disclosed on
taking inventory, or other instances where there is no physical evidence to show what happened to the
property.

f. Property that has been transferred to a person or to a place outside the described premises on the
basis of unauthorized instructions.

2. We will not pay for loss of or damage to the following types of property unless caused by the "specified
causes of loss" or building glass breakage:

a. Animals, and then only if they are killed or their destruction is made necessary.

b. Fragile articles such as statuary, marbles, chinaware and porcelains, if broken. This restriction does not
apply to:

(1) Glass; or

(2) Containers of property held for sale.

c. Builders' machinery, tools and equipment owned by you or entrusted to you, provided such property is
Covered Property.
However, this limitation does not apply:

(1) If the property is located on or within 100 feet of the described premises, unless the premises is
insured under the Builders Risk Coverage Form; or

(2) To Business Income Coverage or to Extra Expense Coverage.

3. The special limit shown for each category, a. through d., is the total limit for loss of or damage to all proper-
ty in that category. The special limit applies to any one occurrence of theft, regardless of the types or num-
ber of articles that are lost or damaged in that occurrence. The special limits are: