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HERA PROPERTY REGISTRY, LLC
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Last modified
4/19/2024 9:30:49 AM
Creation date
4/19/2024 9:29:52 AM
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Contracts
Company Name
HERA PROPERTY REGISTRY, LLC
Contract #
A-2024-041
Agency
Planning & Building
Council Approval Date
4/2/2024
Expiration Date
4/1/2027
Insurance Exp Date
7/12/2024
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THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />THE -A <br />HARTFORD <br />COMMON POLICY CONDITIONS <br />All coverages of this Policy are subject to the following conditions: <br />A. CANCELLATION <br />1. The first Named Insured shown in the Declarations may cancel this Policy by mailing or delivering to us advance <br />written notice of cancellation. <br />2. We may cancel this Policy by mailing or delivering to the first Named Insured written notice of cancellation at <br />least: <br />a. 5 days before the effective date of cancellation if any one of the following conditions exists at any building that <br />is Covered Property in this Policy: <br />(1) The building has been vacant or unoccupied 60 or more consecutive days. This does not apply to: <br />(a) Seasonalunoccupancy;or <br />(b) Buildings in the course of construction, renovation or addition. <br />Buildings with 65% or more of the rental units or floor area vacant or unoccupied are considered <br />unoccupied under this provision. <br />(2) After damage by a Covered Cause of Loss, permanent repairs to the building: <br />(a) Have not started; and <br />(b) Have not been contracted for, <br />within 30 days of initial payment of loss. <br />(3) The building has: <br />(a) An outstanding order to vacate; <br />(b) An outstanding demolition order; or <br />(c) Been declared unsafe by governmental authority. <br />(4) Fixed and salvageable items have been or are being removed from the building and are not being <br />replaced. This does not apply to such removal that is necessary or incidental to any renovation or <br />remodeling. <br />(5) Failure to: <br />(a) Furnish necessary heat, water, sewer service or electricity for 30 consecutive days or more, except <br />during a period of seasonal unoccupancy; or <br />(b) Pay property taxes that are owed and have been outstanding for more than one year following the <br />date due. This provision will not apply where you are in a bona fide dispute with the taxing authority <br />regarding payment of such taxes. <br />b. 10 days before the effective date of cancellation if we cancel for nonpayment of premium. <br />c. 30 days before the effective date of cancellation if we cancel for any other reason. <br />3. We will mail or deliver our notice to the first Named Insured's last mailing address known to us. <br />4. Notice of cancellation will state the effective date of cancellation. The policy period will end on that date. <br />5. If this Policy is canceled, we will send the first Named Insured any premium refund due. Such refund will be pro <br />rata. If the first Named Insured cancels, the refund may be less than pro rata. The cancellation will be effective <br />even if we have not made or offered a refund. <br />6. If notice is mailed, proof of mailing will be sufficient proof of notice. <br />Form SC 00 00 10 18 <br />71 <br />Risk Managnnent Diviaim� <br />REVIEWED&APPR=,.,- <br />'' A+� Auvuta <br />AWW Rkk Manrgemeni Spedzlis[ <br />© 2018, The Hartford <br />(May include copyrighted material of Insurance Services Office, Inc., with its permission) <br />
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