Orange County NC Website
DocuSign Envelope ID:8C7A270E-432E-42E0-A5B7-5136E53010EC <br /> PI-BELL-1 (11/09) <br /> 1. Fees and costs of independent negotiators; <br /> 2. Interest costs for any loan from a financial institution taken by you to pay a ransom demand <br /> or extortion threat; <br /> 3. Travel costs and accommodations incurred by the named insured; <br /> 4. Reward money paid to an informant which leads to the arrest and conviction of parties <br /> responsible for loss covered under this insurance; and <br /> 5. Salary, commissions and other financial benefits paid by you to a director or officer. Such <br /> compensation applies at the level in effect on the date of the kidnap and ends upon the <br /> earliest of: <br /> a. Up to thirty (30) days after their release, if the director or officer has not yet returned to <br /> work; <br /> b. Discovery of their death; <br /> c. One hundred twenty(120) days after the last credible evidence following abduction that <br /> they are still alive; or <br /> d. Twelve (12) months after the date of the kidnapping. <br /> The limit of insurance for this coverage is $50,000 each policy period for all insureds combined. <br /> No deductible applies to this coverage. <br /> J. Political Unrest Coverage <br /> We will reimburse any present director, officer, employee or volunteer of the named insured <br /> while traveling outside the United States of America for"emergency evacuation expenses"that <br /> are incurred as a result of an incident of"political unrest." This "political unrest" must occur <br /> during the policy period. No coverage is granted for travel to countries in a state of"political <br /> unrest" at the time of departure of the travel. The limit of insurance for this coverage is $5,000 <br /> per covered person, subject to a maximum of$25,000 per policy period for all insureds <br /> combined. No deductible applies to this coverage. <br /> K. Temporary Meeting Space Reimbursement <br /> We will reimburse the insured for rental of meeting space which is necessitated by the <br /> temporary unavailability of the insured's primary office space due to the failure of a climate <br /> control system, or leakage of a hot water heater during the policy period. Coverage will exist <br /> only for the renting of temporary meeting space required for meeting with parties who are not <br /> insured under this policy. The limit of insurance for this coverage is $25,000 per policy period <br /> for all insureds combined. No deductible applies to this coverage. <br /> L. Terrorism Travel Reimbursement <br /> We will reimburse any present director or officer of the named insured in the event of a <br /> "certified act of terrorism" during the policy period which necessitates that he/she incurs <br /> "emergency travel expenses." The limit of insurance for this coverage is $50,000 per policy <br /> period for all insureds combined. No deductible applies to this coverage. <br /> Page 5 of 8 <br /> ©2009 Philadelphia Indemnity Insurance Company <br />