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<br />
<br />b. Valuation
<br />The value of covered property will be based on
<br />the replacement cost value at the time of "loss".
<br />7. Definitions
<br />The following is added to Section IX - Definitions:
<br />• "Automobile" means a land motor vehicle, trail-
<br />er, or semi-trailer designed for travel on public
<br />roads including any attached machinery or
<br />equipment, but does not include "mobile equip-
<br />ment".
<br />• "Contractors' non-mobile equipment" means ma-
<br />chinery and equipment of a portable nature that
<br />you use in your contracting operations. "Con-
<br />tractors' non-mobile equipment" also means
<br />powered and non-powered equipment such as
<br />portable welders, portable heaters, ladders, scaf-
<br />folding, mortar mixers, pumps, table/radial saws,
<br />and generators. "Contractors' non-mobile equip-
<br />ment" does not include portable powered and
<br />non-powered hand tools.
<br />• "Contractors' tools" means:
<br />a. Your portable powered and non-powered
<br />hand tools;
<br />b. Your employees' portable powered and non-
<br />powered hand tools;
<br />c. Portable powered and non-powered hand
<br />tools that you borrow, rent, or lease from
<br />others while in your care, custody, or con-
<br />trol; and
<br />d. Property usually assembled and disassem-
<br />bled at job sites, including fences, scaffold-
<br />ing, cribbing, and construction forms such as
<br />falsework.
<br />• "Fungus" means any type or form of fungus, in-
<br />cluding mold or mildew and any mycotoxins,
<br />spores, scents, or by-products produced or re-
<br />leased by fungi.
<br />• "Loss" means direct and accidental "loss" of or
<br />damage to covered property.
<br />• "Mobile equipment" means any of the following
<br />types of land vehicles (including any attached
<br />machinery or equipment):
<br />1. Bulldozers, farm machinery, forklifts, and
<br />other vehicles designed for principally off
<br />public roads;
<br />2. Vehicles maintained for use solely on or
<br />next to premises you own or rent;
<br />3. Vehicles that travel on crawler treads;
<br />4. Vehicles, whether self-propelled or not,
<br />maintained primarily to provide mobility to
<br />permanently mounted:
<br />a. Power cranes, shovels, loaders, diggers,
<br />or drills; or
<br />b. Road construction or resurfacing
<br />equipment such as graders, scrapers, or
<br />rollers;
<br />5. Vehicles not described in 1., 2., 3., or 4.
<br />above that are not self-propelled and are
<br />maintained primarily to provide mobility to
<br />permanently attached equipment of the fol-
<br />lowing types:
<br />a. Air compressors, pumps and generators,
<br />including spraying, welding, building
<br />cleaning, geophysical exploration, light-
<br />ing, and well servicing equipment; or
<br />b. Cherry pickers and similar devices used
<br />to raise or lower workers;
<br />6. Vehicles not describe in 1., 2., 3., or 4.
<br />above maintained primarily for purposes
<br />other than the transportation of persons or
<br />cargo. However, self-propelled vehicles
<br />with the following types of permanently at-
<br />tached equipment are not "mobile equip-
<br />ment" but are considered "automobiles":
<br />a. Equipment designed primarily for:
<br />1) Snow removal;
<br />2) Road maintenance, but not con-
<br />struction or resurfacing; or
<br />3) Street cleaning;
<br />b. Cherry pickers and similar devices
<br />mounted on an "automobile" or truck
<br />chassis and used to raise or lower work-
<br />ers; and
<br />c. Air compressors, pumps, and genera-
<br />tors, including spraying, welding, build-
<br />ing, cleaning, geophysical exploration,
<br />lighting, and well servicing equipment.
<br />• "Pollutants" mean any solid, liquid, gaseous, or
<br />thermal irritant or contaminant, including smoke,
<br />vapor, soot, fumes, acids, alkalies, chemicals,
<br />and waste. Waste includes materials to be recy-
<br />cled, reconditioned, or reclaimed.
<br />F. Contractors’ Tools – On-Premises
<br />The following is added to Paragraph A. Covered Proper-
<br />ty of Section I - Coverages - Business Personal Proper-
<br />ty and Personal Property of Others – Coverage 2:
<br />DocuSign Envelope ID: 75813A28-6473-488C-94A0-FBC412554362
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