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CNA CNA PARAMOUNT Business Property Coverage Part 1. the Limit of Insurance, multiplied by 2. the Monthly Limit of Indemnity fraction shown in the Business Property Schedule of Locations for Monthly Limit of Indemnity. E. Inflation Guard If the Business Property Schedule of Locations displays an inflation guard percentage, the Limit of Insurance for insured property will automatically increase as follows: 1. the applicable Limit of Insurance; multiplied by 2. the Inflation Guard percentage shown on the Business Property Schedule of Locations; multiplied by 3. the number of consecutive days since the beginning of the annual policy period, or the effective date of the most recent Policy change amending the Limit of Insurance, divided by 365. F. Deductibles and Qualifying Periods 1. The Insurer will not pay any amounts due under the terms and conditions of the coverage part until the amount of covered loss, damage, cost or expense for any one occurrence exceeds the Property Deductible shown in the Business Property Schedule of Locations, unless specific coverage deductibles are shown in the Business Property Schedule of Locations or an endorsement. The Insurer will then pay the amount of loss, damage, cost or expense in excess of the Deductible, up to the applicable Limits of Insurance. If a Qualifying Period is shown in the Business Property Schedule of Locations, then the qualifying period will apply to all business income and research and development business income coverages. The Insurer will not pay for any loss of business income or research and development business income for any one occurrence until the suspension or delay of operations exceeds the qualifying period. If the qualifying period is exceeded, then the Insurer will pay the amount of covered business income or research and development business income loss, calculated as of the time and date of such loss, in excess of the applicable Property Deductible shown in the Business Property Schedule of Locations, unless a more specific time element coverage deductible is shown. If Business Income and Extra Expense Coverage applies, then extra expense is subject to the deductible or qualifying period applicable to business income. 3. A covered loss occurring at unspecified locations, reported unspecified locations or other premises not shown on the Business Property Schedule of Locations will be subject to the Deductibles and Qualifying Periods applicable for the first location shown in the Business Property Schedule of Locations, unless specific coverage deductibles are shown in the Business Property Schedule of Locations or an endorsement. 4. Unless otherwise stated in the coverage part or endorsement, if more than one monetary deductible applies, the Insurer will apply each deductible separately, but the total of all deductibles applied for any one occurrence will not exceed the highest applicable monetary deductible for loss or damage to covered property plus the highest applicable monetary deductible for loss under time element coverage. 5. Loss or damage caused by earthquake, earthquake sprinkler leakage, flood, named storm and windstorm or hail may be subject to separate deductible amounts. The Business Property Schedule of Locations, or applicable endorsement, will identify the locations or reported unspecified locations subject to such deductibles and the applicable deductible amount. That Deductible will apply to all coverages that respond to that covered loss, including covered time element coverage loss. Qualifying periods do not apply to covered loss or expense from earthquake, earthquake sprinkler leakage, flood, named storm or windstorm or hail when there is a separate monetary deductible amount applicable. For purposes of calculating the deductible for those perils, the Insurer will use the applicable Limit of Insurance shown in the Business Property Schedule of Coverages and Limits, the Business Property Schedule of Location or any endorsement attached to this Policy for that specific coverage, or the actual CNA62648XX 10-15 Copyright CNA All Rights Reserved. ,a Risk MmRgemerdDivisiun REVIEWED & APPROVED BY.- ru4w'L� 11. Yi&4441 Risk Management Analyst