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CNA CNA PARAMOUNT <br />Business Property Coverage Part <br />COVERAGE. For example, if the Named Insured does not have coverage for business income under the Location <br />Base Coverages, then there is no such coverage related to business income under any of the OFF -SITE <br />COVERAGES. Limits for these OFF -SITE COVERAGES apply in addition to any other applicable Limits of Insurance, <br />unless otherwise stated. <br />A. Deferred Payments Coverage <br />1. The Insurer will pay the Named Insured's financial interest in personal property sold on an installment, <br />conditional sale or other deferred payment basis. The Insurer will make such payments only if such personal <br />property suffers direct physical loss or damage due to a covered peril after delivery to the purchaser, and <br />only if the Named Insured is unable to collect after making all reasonable efforts to do so. <br />2. The most the Insurer will pay for such payments under this OFF -SITE COVERAGE for any one occurrence <br />is the lesser of the Named Insured's financial interest in such personal property or the Deferred Payments <br />Coverage Limit of Insurance. <br />The Limit for this OFF -SITE COVERAGE is included in, and not in addition to, any other applicable Limits of <br />Insurance. <br />B. Dependent Property Time Element Coverage <br />1. To the extent time element coverage is applicable at that location or reported unspecified location, the <br />Insurer will pay, as provided, for: <br />a. the actual loss of business income the Named Insured sustains during the period of restoration due <br />to the necessary suspension or delay of operations; <br />b. the actual loss of research and development business income the Named Insured sustains during the <br />period of restoration due to the necessary suspension or delay of research and development projects; <br />and <br />c. extra expense, <br />caused by direct physical loss of or damage to property at a dependent property located anywhere in the <br />world. The loss or damage must be directly caused by a covered peril. <br />2. The most the Insurer will pay for all loss and expense under this OFF -SITE COVERAGE for any one <br />occurrence is the Dependent Property Time Element Coverage Limit of Insurance. <br />3. The Insurer will not pay for loss of business income or extra expense caused by or resulting from <br />earthquake or flood under this OFF -SITE COVERAGE, even if they are otherwise covered perils. <br />C. Installation Coverage <br />1. The Insurer will pay for direct physical loss of or damage to installation property directly caused by a <br />covered peril while such installation property is at an installation location or a temporary warehousing <br />premises: <br />a. awaiting and during installation, fabrication, erection, certifying, servicing or testing; or <br />b. awaiting acceptance by the purchaser. <br />2. The most the Insurer will pay for all loss or damage under this OFF -SITE COVERAGE for any one <br />occurrence is the Installation Coverage Limit of Insurance. <br />3. This Installation Coverage does not apply to loss or damage at any premises, location or reported <br />unspecified location owned by the Named Insured, or to property in the due course of transit. <br />4. This Installation Coverage will end on the date when any of the following first occurs: <br />a. the Policy expires; <br />b. the Named Insured's insurable interest in the property ceases; <br />CNA62648XX 10-15 <br />Copyright CNA All Rights Reserved. <br />�oRaN <br />I <br />Risk MmRgemerdDivisiun <br />REVIEWED & APPROVED BY.- <br />pu-cN" 1Z. Y1•.t.tA44a <br />Risk Management Analyst <br />