BIBLIOLABS, LLC - Laserfiche WebLink

Home Browse Search

CNA CNA PARAMOUNT Business Property Coverage Part The following coverages apply to the extent shown in the Business Property Schedule of Coverages and Limits or the Business Property Schedule of Locations. I. LOCATION COVERAGES A. Location Base Coverage 1. Real Property Coverage The Insurer will pay for direct physical loss of or damage to real property at a location directly caused by a covered peril. The most the Insurer will pay for any one occurrence for such loss or damage is the applicable Real Property Coverage Limit of Insurance shown in the Business Property Schedule of Locations at that location. 2. Personal Property Coverage The Insurer will pay for direct physical loss of or damage to personal property at a location directly caused by a covered peril. The most the Insurer will pay for any one occurrence for such loss or damage is the applicable Personal Property Coverage Limit of Insurance shown in the Business Property Schedule of Locations at that location. 3. Time Element Coverage a. Business Income Coverage The Insurer will pay for the actual loss of business income the Named Insured sustains during the period of restoration due to the necessary suspension or delay of operations caused by direct physical loss of or damage to property at a location directly caused by a covered peril. The most the Insurer will pay for any one occurrence for such loss of business income is the applicable Business Income Coverage Limit of Insurance shown in the Business Property Schedule of Locations at that location. b. Extra Expense Coverage N The Insurer will pay extra expense caused by direct physical loss of or damage to property at a location directly caused by a covered peril. N 0 The most the Insurer will for pay for any one occurrence for such extra expense is the applicable Extra Expense Coverage Limit of Insurance shown in the Business Property Schedule of Locations at that location. c. Business Income and Extra Expense Coverage If a Business Income and Extra Expense Coverage Limit of Insurance is shown in the Business Property Schedule of Locations at a location, the Insurer will pay for the actual loss of business income the Named Insured sustains during the period of restoration due to the necessary suspension or delay of operations, and extra expense, caused by direct physical loss of or damage to property at that location directly caused by a covered peril. The most the Insurer will pay for any one occurrence for all such loss of business income and extra expense is the applicable Business Income and Extra Expense Coverage Limit of Insurance. B. Fees, Costs and Expenses Coverages If the Insurer pays for loss or damage to any insured property pursuant to any Location Base Coverage shown in Paragraph A. above, or at reported unspecified locations, the Insurer will all - reasonable and necessary fees, costs and expenses incurred by the Named Insure �oRa RAMmagemedDiviafan } % z REVIEWED & APPROVED BY.- CNA62648XX 10-15 ¢u4w'L� P1. Vj&ud Copyright CNA All Rights Reserved. ` Risk Management Analyst