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Municipal Entity Excess Property Coverage
Including Boiler & Machinery/Equipment Breakdown Coverage
Coverage Highlights
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Basic Coverage
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| All Risk Perils Coverage – Manuscript Form |
| Loss Limit Applies for the Limit of Insurance (per occurrence) |
| Loss or Damage occurs during the policy period |
| PMLs and Amount Subjects analyzed for setting of appropriate Loss Limit |
| Ordinance or Law including ICC (Increased Cost of Construction), Loss to Undamaged Portion of the Building and Demolition Costs |
| Certificates of Participation/Lease Purchase Agreements – Rental Interruption |
| Sewer Back-Up During Flooding |
| Pollution Clean-Up |
| No Martin Clause |
| 100% Replacement Cost |
| No Coinsurance Clause or Penalty |
| Real and Personal Property, Inland Marine, Business Interruption, Extra Expense, Inventory |
| Accounts Receivable, Valuable Papers, Electronic Data Processing Media |
| Property In Transit |
| Fire Department Charges |
| Fine Arts, Exhibition , Exposition, Fair or Trade Show |
| Newly Acquired Building/Real Property and Business Personal Property (Contents), the following provisions apply: |
Coverage ends on the 90th day from the date that you acquire the property
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SUB LIMITS
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| Electronic Data Processing Media and Valuable Papers |
| Extra Expense |
| Business Income |
| Unnamed Locations |
| Trees, Shrubs and Landscape |
| Preservation of Property |
| Debris Removal |
| Pollution Clean-Up and Removal |
| Fire Department Service Charge |
| Newly Acquired (Building/Real Property & Business Personal Property) |
| Accounts Receivable |
| Inventory |
| Exhibition, Exposition, Fair or Trade Show |
| Personal Property of Employees, Officers or Students |
| Personal Property In Transit |
| Fine Arts (Unscheduled) |
| Sewer Back-Up During Flooding |
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CATASTROPHIC AUTOMOBILE PHYSICAL DAMAGE
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| No on the road coverage, for licensed vehicles while parked or stored only |
| Subject to the self-insured retention, CAT coverage only |
| Valuation is actual cash value and not replacement cost dollar |
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SELF INSURED RETENTION
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| Minimum Amount $100,000 |
| Self-insured retention applies per loss occurrence |
| Loss Limit applies in excess of the self-insured retention |
| The applicable self-insured retention is a dollar amount that will be specified on the Declarations Page. The insurance carrier will not pay for loss or damage to which the self-insured retention applies until t he amount of loss or damage exceeds the specified self-insured retention dollar amount. The insurance carrier will then pay the amount of the loss or damage in excess of the self-insured retention, up to the applicable limit of insurance. |
