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COASTLINE EQUIPMENT (BRAGG INVESTMENT COMPANY, INC.)
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COASTLINE EQUIPMENT (BRAGG INVESTMENT COMPANY, INC.)
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Last modified
4/19/2024 11:13:37 AM
Creation date
4/19/2024 11:01:00 AM
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Contracts
Company Name
COASTLINE EQUIPMENT (BRAGG INVESTMENT COMPANY, INC.)
Contract #
A-2024-029-03
Agency
Public Works
Council Approval Date
2/20/2024
Expiration Date
2/20/2027
Insurance Exp Date
10/1/2024
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d. Watercraft which is rented to others or <br />which is used in your operations for service <br />or repair calls or to retrieve or tow <br />customers' watercraft, unless specifically <br />described in the Rental Boat Schedule or <br />Work Boat Schedule sections of the <br />Declarations. <br />e. Any personal property used in or in <br />preparation or practice for any organized <br />racing, speed competition or stunting <br />activity. <br />f. Any property insured against any hazard <br />under the Floorplan Insurance Program or <br />other insurance program obtained by or <br />provided through a manufacturer or <br />distributor of such property, or a creditor of <br />yours, on such property. This provision <br />does not apply: <br />(1) To parts and accessories which have <br />been added to Covered Property <br />unless there is other insurance which <br />insures your interest in these parts and <br />accessories. <br />(2) To loss or damage from a cause of loss <br />excluded under the floorplan or other <br />insurance, but which is a Covered <br />Cause of Loss under this insurance. <br />When you are not insured under the <br />insurance described above or when the <br />insurance described above does not apply <br />to your interest in the property this <br />exception applies only to the extent of your <br />interest in the property excluding the <br />floorplan deductible. <br />g. Covered Property you lease or rent to your <br />customer under a "lease agreement". This <br />provision applies only: <br />(1) While the property is not at a building <br />listed in the Declarations; and <br />(2) If the customer has elected to purchase <br />the loss or damage waiver provided in <br />the lease or rental agreement. <br />However, if you lease or rent Covered <br />Property to your customer under a "lease <br />agreement" and the "lessee" elects to <br />purchase a physical damage waiver, the <br />property is still considered Covered <br />Property with respect to the Additional <br />Coverage - False Pretense. <br />h. Accounts, bills, deeds, evidences of debt, <br />money, notes and securities. Lottery <br />tickets held for sale are not securities. <br />i. Property sold, including property sold <br />under a deferred payment sales <br />agreement, after it has left your custody or <br />the custody of carriers for hire when you <br />are responsible for delivery. <br />j. Tools owned by your employees, including <br />tools you lease or rent from them, except <br />as covered by the Employee Tools <br />Coverage Extension. <br />k. Animals. <br />I. Booms in excess of 40 feet in length <br />(including cables, pulleys, buckets, claws, <br />and similar attachments) when attached to <br />any derrick, crane, dragline, shovel or <br />similar equipment unless loss or damage is <br />caused by one of the "specified causes of <br />loss". This provision does not apply to <br />equipment while held for sale and located <br />at a building listed in the Declarations. <br />m. Trees, shrubs or plants while outside of a <br />building, except as covered by the Trees, <br />Shrubs, Lawns or Growing Plants <br />Coverage Extension. This provision does <br />not apply to your stock of trees, shrubs, <br />plants or other nursery stock held for sale <br />at a premises listed in the Declarations, but <br />only for loss or damage caused by one of <br />the "specified causes of loss". <br />n. Personal effects owned by you, your <br />officers, partners or members, your <br />managers or your employees, except as <br />covered by the Personal Effects and <br />Property of Others Coverage Extension. <br />o. Property of others in your care, custody or <br />control, except as covered by the Personal <br />Effects and Property of Others Coverage <br />Extension. This provision does not apply to <br />property covered by Section AA.a., A.1.b. <br />or A.1.c, of this Coverage Form. <br />3. Covered Causes of Loss <br />Covered Causes of Loss means Direct <br />Physical Loss or Damage to Covered Property <br />except those causes of loss listed in the <br />Exclusions. <br />4. Additional Coverages <br />a. Collapse <br />The coverage provided under this <br />Additional Coverage - Collapse applies <br />only to an abrupt collapse as described <br />and limited in Paragraphs (1) through (3). <br />(1) For the purpose of this Additional <br />Coverage - Collapse, abrupt collapse <br />means an abrupt falling down or caving <br />in of a building or any part of a building <br />with the result that the building or part <br />of the building cannot be occupied for <br />its intended purpose. <br />Page 2 of 14 Includes copyrighted material of Insurance Services Office, <br />2425473 with its permission. <br />Sentry Select Insurance Company <br />.,s,�� <br />Ad <br />RIakeMnugemmtDlvdm <br />RFVe D&APPRov®Sr. <br />Inc. <br />Risk Management Specialist <br />
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