BIBLIOLABS, LLC - Laserfiche WebLink

Home Browse Search

CNA CNA PARAMOUNT Business Property Coverage Part covered loss or damage. The most the Insurer will pay for any of the following Fees, Costs and Expenses Coverages are the Limits of Insurance shown in the Business Property Schedule of Coverages and Limits. Limits for these coverages apply in addition to any other applicable Limits of Insurance, unless otherwise stated. Limits of Insurance applicable at a location that differ for a specific location will be shown in the Business Property Schedule of Locations for that location. Those Limits replace, and are not in addition to, the Limits of Insurance shown in the Business Property Schedule of Coverages and Limits for those specific coverages and locations. If any of these coverages do not apply at any specific location, the Limit of Insurance will show as Not Covered for those locations. 1. Architects & Engineers and Other Professional Fees The Insurer will pay the fees incurred for the services of architects, engineers or construction consultants approved by the Insurer and resulting directly from the repair or replacement of such insured property. The amount the Insurer will pay for such fees is included within the applicable Real Property Coverage or Personal Property Coverage Limits of Insurance. 2. Brands & Labels Costs and Expenses In accordance with the LOSS PAYMENT Condition in the First Party Terms and Conditions, the Insurer will pay the costs and expenses incurred to remove the brands and labels from merchandise or finished stock and to stamp "salvage" on such merchandise or finished stock or its containers. The amount the Insurer will pay for all such costs and expenses is included within the applicable Personal Property Coverage Limit of Insurance. 3. Debris Removal Costs and Expenses The Insurer will pay the costs and expenses incurred to remove debris of covered property remaining after such loss or damage. Debris Removal Costs and Expenses does not include the costs or expenses of removing, extracting or disposing of contaminants or pollutants from land or water. The amount the Insurer will pay for all such costs and expenses is included within the remaining Limit of Insurance for the applicable covered property after payment of the covered physical loss or damage. 4. Debris Removal a. Additional Costs and Expenses If the amount incurred for the covered loss or damage to covered property, including Debris Removal Costs and Expenses, exceeds the applicable Limit of Insurance for such covered property, the Insurer will pay the remaining debris removal costs and expenses incurred. The most the Insurer will pay for such remaining debris removal costs and expenses at any one location or reported unspecified location for any one occurrence is the Debris Removal — Additional Costs and Expenses Limit of Insurance. b. Uncovered Property If wind causes direct physical loss of or damage to covered property, the Insurer will also pay for the expense the Named Insured incurs to remove debris of uncovered property that is blown onto a location or reported unspecified location by wind and to remove debris of outdoor trees, shrubs, plants or lawns damaged by wind. The most the Insurer will pay for uncovered property at any one location or reported unspecified location for any one occurrence is the Debris Removal — Uncovered Property Limit of Insurance. CNA62648XX 10-15 Copyright CNA All Rights Reserved. �oRaN I Risk MmRgemerdDivisiun REVIEWED & APPROVED BY.- pu-cN" 1Z. Y1•.t.tA44a Risk Management Analyst