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DocuSign Envelope ID: 12DCC4E1-4D61-4DOE-A2A2-7C6E689613AC
<br /> EVIDENCE OF COMMERCIAL PROPERTY INSURANCE REMARKS -Including Special Conditions(Use only if more space is required)
<br /> ******Description of Operations******
<br /> Orange County Southern Expansion Phase 1 -Seymour Center Renovation and Addition
<br /> 1551 Homestead Road,Chapel Hill,NC 27516
<br /> Project Total$4,444,500.00
<br /> BUILDERS RISK LIMITS ANY ONE STRUCTURE
<br /> FRAME $5,000,000
<br /> JOISTED MASONRY $5,000,000
<br /> NON-COMBUSTIBLE$10,000,000
<br /> MASONRY NON-COMBUSTIBLE$25,000,000
<br /> Deductible$1,000 Per Occurrence
<br /> Deductible$2,500 Per Occurrence Frame Construction
<br /> Covered Property in Transit$250,000
<br /> Covered Property in Temporary Storage or Off Site Fabrication$250,000
<br /> Trees, Plants,Lawns and Shrubs$50,000
<br /> Business Personal Property$10,000
<br /> Construction Trailers and Contents at Job Site$50,000
<br /> Contract Penalty Coverage$25,000
<br /> Debris RemovalAdditional Limits$75,000
<br /> Emergency Removal to Preserve Covered Property$10,000
<br /> Expediting Expense$100,000
<br /> Expense to Re-Install Undamaged Scaffolding,Fences and Signs$10,000
<br /> Fire Suppression Equipment Recharging$50,000
<br /> Fungus,Wet Rot,Dry Rot and Bacteria$100,000
<br /> Insufficiency of Limit 10%of Limit of Insurance/$1,000,000 maximum
<br /> Key Coverage$2,500
<br /> Loss Adjustment Expense$5,000
<br /> Ordinance or Law Coverage:
<br /> Undamaged portions of the Building or Structure Included in Building or
<br /> Structure Limit
<br /> Demolition Costs and Increased Cost of Construction$1,000,000
<br /> Police and Fire Department Service Charges$50,000
<br /> Pollutant Clean Up and Removal$50,000
<br /> Reward Payment$10,000
<br /> Sewer and Drain Back Up$100,000
<br /> Valuable Papers and Records$50,000
<br /> Delay in Completion Limit$250,000
<br /> Soft Costs Limit$250,000
<br /> Loss of Business Income Limit$INCLUDED
<br /> Loss of Rental Income Limit$INCLUDED
<br /> Prevention of Access Limit$100,000
<br /> Permission To Occupy is granted
<br /> Flood Limit$1,000,000 Deductible$25,000
<br /> Earthquake Limit$1,000,000 Deductible$25,000
<br /> Installation Floater Coverage
<br /> Jobsite Limit$5,000,000
<br /> Deductible$1,000
<br /> Catastrophe Limit$5,000,000
<br /> Cause of Loss: Special Deductible: 1,000
<br /> Cause of Loss: Earthquake Amount: 1,000,000 Deductible:25,000
<br /> Cause of Loss: Flood Amount: 1,000,000 Deductible:25,000
<br /> Not withstanding the preprinted cancellation provisions on this form,coverages afforded under the policies
<br /> will not be cancelled, reduced in the amount nor will any coverages be eliminated until at least thirty
<br /> (30)days after mailing written notice by certified mail,return receipt requested,to insured and the
<br /> owner of such alteration or cancellation.
<br /> ACORD 28(2016/03) S 488837 Page of 3 BDPE
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