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N 0 0 0 0 0 0 CNA CNA PARAMOUNT Business Property Coverage Part 2. Demolition and Repair Cost The Insurer will pay for: a. the cost of demolishing and removing the undamaged portion of the damaged insured property required to be demolished because of such ordinance or law, including the cost of clearing the site; and b. the increased cost of repair or reconstruction of such insured property on the same site or another site because of such ordinance or law. If the Named Insured elects to do such repair or reconstruction at another site, such costs are limited to the costs that would have been incurred in order to comply with the minimum requirements of such ordinance or law regulating the repair or reconstruction of such insured property on the same site. The amount the Insurer will pay for all loss or damage under this Demolition and Repair Cost coverage is included within the applicable Real Property Coverage or Personal Property Coverage Limit of Insurance unless a separate Demolition and Repair Cost Limit of Insurance is shown. If a separate Limit is shown, then the most the Insurer will pay under this Demolition and Repair Cost coverage at any one location or reported unspecified location for any one occurrence is the Demolition and Repair Cost Limit of Insurance. 3. Increased Period of Restoration To the extent Business Income Coverage or Business Income and Extra Expense Coverage is applicable at that location or reported unspecified location, the period of restoration includes any increased period of time that results from the enforcement of an ordinance or law that requires the Named Insured to repair or reconstruct the property or tear down undamaged portions of the property to meet the minimum requirements of the ordinance or law in force at the time of loss or damage. The amount the Insurer will pay under this Increased Period of Restoration coverage is included in the applicable Business Income Coverage or Business Income and Extra Expense Coverage Limit of Insurance. 4. The Insurer will not pay for any: a. additional costs incurred if the damaged insured property is not repaired or reconstructed as soon as reasonably possible; b. increased period of restoration if the Named Insured does not resume operations with reasonable speed; c. costs attributable to any ordinance or law that the Named Insured was required to comply with before the loss or damage; or d. increase in costs or increased period of restoration required due to the enforcement of any ordinance or law that requires the Named Insured or others to test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, demolish, repair, replace or in any way respond to or assess the effects of contaminants or pollutants or the presence, growth, proliferation, spread or any activity of fungi, wet rot, dry rot or microbes, except to the extent the Contaminants or Pollutant Clean Up and Removal Coverage or the Fungi, Wet Rot, Dry Rot and Microbe Coverage — Property Damage and Time Element Combined of the ADDITIONAL COVERAGES section applies. 5. The Governmental Action Excluded Peril under the EXCLUSIONS section does not apply, but only to the extent of the coverage provided under this Ordinance or Law Coverage. P. Pair or Set Coverage 1. The Insurer will pay an amount equal to the reduction in value of undamaged personal property that is part of a pair or set that becomes unmarketable as a pair or set because of direct physical loss of or damage to the other part of such personal property directly caused by a covered peril. CNA62648XX 10-15 Copyright CNA All Rights Reserved. �ortaN of � RiskMmRgemerttDiAsfan REVIEWED & APPROVED BY. - rR6iA.G+�+Z �. V Risk Management Analyst