COASTLINE EQUIPMENT (BRAGG INVESTMENT COMPANY, INC.)

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(2) Whether or not repairs are made, the repair percentage shown in the Declarations multiplied by the average retail cost in your area for parts plus your labor costs based on your average retail labor rates needed to restore that property to its condition immediately before the loss or damage occurred; or (3) The cost of replacing that property with substantially identical property. e. For loss or damage to "improvements and betterments" the most we will pay is: (1) Your cost to repair or replace "improvements and betterments", whichever is less, within 180 days of the date the loss or damage occurs; (2) Nothing if "improvements and betterments" are repaired or replaced on your behalf at the expense of others; or (3) A percentage of the original cost of "improvements and betterments" which have not been repaired or replaced. The percentage will be obtained by dividing the unexpired term of your rental agreement on the date loss or damage occurs by the period from the date the property was installed to the expiration date of the rental agreement. f. Repairs to watercraft constructed of plywood, fiberglass, plastic, metal or other synthetic material shall be made by applying suitable patches, in accordance with good repair practice, to the damaged area. g. The value of valuable papers and records is the cost to replace blank materials for reproducing the records (whether or not duplicates exist), and (when there is a duplicate) the cost of labor to transcribe or copy the records. h. The value of building glass is its replacement cost. If safety glazing material is required by statute, the value of the glass is the cost of replacement with safety glazing materials. i. The value of fine arts is the lowest of the following amounts: (1) The market value of the property; (2) The cost of reasonably restoring the property to its condition immediately before loss; or 2. The following conditions apply in addition to the Commercial Inland Marine Conditions and the Common Policy Conditions: a. Coverage Territory (1) We cover property wherever located within or while in transit between locations in: (a) The United States of America, including its territories and possessions; (b) Puerto Rico; and (c) Canada. (2) If a watercraft, while afloat: (a) In coastal waters not more than twelve (12) miles from the nearest coastal shoreline; or (b) In the inland waters; of the United States of America and Canada. b. Records and Inventory You will keep accurate records of your business and retain them for 3 years after the policy ends. These records will consist of: (1) An itemized inventory of your stock in trade; (2) Records of all purchases and sales whether cash or credit; (3) Records of property of others in your care, custody or control; and (4) Records of property you send to others for any purpose. You will also take a physical inventory of all your stock in trade at least every 12 months. c. Who Is An Insured For property you own or lease or rent from others and used in your business, including your stock of property held for sale or rent, you are the only insured for the coverage provided under this Coverage Form. For property of others in your care, custody or control, you, your partners and your employees are insureds for the coverage provided under this Coverage Form. F. Definitions (3) The cost of replacing the property with 1. "Electronic media' means the pl substantially identical property. that stores electronic Sentry Select Insurance Company as disks, flashdrives, i f«iDlli'=C' Page 12 of 14 Includes copyrighted material of Insurance Services Office, Inc. 2425473 with its permission. u=or f&in� & Apmovao Sr. A+� A,ZV44 Ruk Management Speualtst