Property Coverage for Special Districts

Including Boiler & Machinery/Equipment Breakdown Coverage

Coverage Highlights

Basic Coverage

  • All Risk Perils Coverage – Manuscript Form
  • Loss Limit Applies for the Limit of Insurance (per occurrence)
  • Loss or Damage occurs during the policy period
  • PMLs and Amount Subjects analyzed for setting of appropriate Loss Limit
  • Ordinance or Law including ICC (Increased Cost of Construction), Loss to Undamaged Portion of the Building and Demolition Costs
  • Certificates of Participation/Lease Purchase Agreements – Rental Interruption
  • Sewer Back-Up
  • Pollution Clean-Up
  • No Margin Clause
  • 100% Replacement Cost
  • No Coinsurance Clause or Penalty
  • Real and Personal Property, Inland Marine, Business Interruption, Extra Expense, Inventory
  • Accounts Receivable, Valuable Papers, Electronic Data Processing Media
  • Property In Transit
  • Fire Department Charges
  • Fine Arts, Exhibition , Exposition, Fair or Trade Show
  • Newly Acquired Building/Real Property and Business Personal Property (Contents), the following provisions apply:
    • Coverage ends on the 90th day from the date that you acquire the property
SUB LIMITS
  • Electronic Data Processing Media and Valuable Papers
  • Extra Expense
  • Business Income
  • Unnamed Locations
  • Trees, Shrubs and Landscape
  • Preservation of Property
  • Debris Removal
  • Pollution Clean-Up and Removal
  • Fire Department Service Charge
  • Newly Acquired (Building/Real Property & Business Personal Property)
  • Accounts Receivable
  • Inventory
  • Exhibition, Exposition, Fair or Trade Show
  • Personal Property of Employees, Officers or Students
  • Personal Property in Transit
  • Fine Arts (Unscheduled)
  • Sewer Back-Up

 

Catastrophic Automobile Physical Damage
  • On the road coverage (optional), for licensed vehicles while parked or stored only
  • Subject to the self-insured retention, CAT coverage only
  • Valuation is actual cash value and not replacement cost dollar
Self-Insured Retention
  • Minimum Amount $100,000
  • Self-insured retention applies per loss occurrence
  • Loss Limit applies in excess of the self-insured retention
  • The applicable self-insured retention is a dollar amount that will be specified on the Declarations Page. The insurance carrier will not pay for loss or damage to which the self-insured retention applies until the amount of loss or damage exceeds the specified self-insured retention dollar amount. The insurance carrier will then pay the amount of the loss or damage in excess of the self-insured retention, up to the applicable limit of insurance.