Orange County NC Website
6 <br /> <br />Your and your employees' tools while in or on the de- <br />scribed buildings, in the open, in a vehicle, on the premis- <br />es described in the "Declarations", or within 1,500 feet <br />thereof. <br />G. Counterfeit Money <br />The Amount of Insurance under Section VI – B. Exten- <br />sions of Coverage - Counterfeit Money is increased <br />from $1,000 to $11,000 for any one loss. <br />H. Employee Dishonesty <br />The Amount of Insurance under Section VI – B. Exten- <br />sions of Coverage - Employee Dishonesty is increased <br />from $10,000 to $50,000 for any one "loss". <br />I. Income Protection – Off-Premises Utility Properties <br />Failure <br />The Amount of Insurance under Section VI – B. Exten- <br />sions of Coverage - Income Protection – Off-Premises <br />Utility Properties Failure is increased from $25,000 to <br />$50,000 for any one loss. <br />J. Installation Coverage <br />Under Section VI – B. Extensions of Coverage - Instal- <br />lation Coverage is added: <br />1. Insuring Agreement <br />We will pay up to $25,000 for direct physical "loss" <br />or damage to covered property caused by or resulting <br />from a peril insured against. <br />2. Covered Property <br />We cover: <br />a. Materials; <br />b. Supplies; <br />c. Equipment; <br />d. Machinery; <br />e. Fixtures; and <br />f. Appliances, whether permanent or not, that will <br />be located in the finished structure <br />that are to be installed by you or at your direction. <br />Coverage includes the cost of labor. You must own <br />the property or be legally liable for it. <br />This property is covered while it is: <br />a. In transit to a "jobsite" or "temporary storage lo- <br />cation"; <br />b. At a "jobsite" or "temporary storage location"; or <br />c. Being installed or erected. <br />Coverage for this property will end at the earliest of <br />the following times: <br />a. When the installation or erection is complete and <br />has been accepted by the owner; <br />b. When the described project is abandoned with no <br />intention to complete it; <br />c. Ninety (90) days after the installation or erection <br />is completed; <br />d. When your insurable interest in the property <br />ends; <br />e. The date the policy is terminated or nonrenewed; <br />or <br />f. The covered property has been put to its intended <br />use. <br />3. Property Not Covered <br />We do not cover: <br />a. An existing building, structure, or land to which <br />an addition, alteration, improvement, or repair is <br />being made; <br />b. Property that belongs to you while it is stored at <br />a permanent warehouse or storage yard for more <br />than sixty (60) days; <br />c. Accounts, bills, currency, deeds, stamps of any <br />kind, letters of credit, or other evidences of debt, <br />lottery tickets not held for sale, money, notes, or <br />securities; <br />d. Plans, blueprints, designs, or specifications; <br />e. "Automobiles", trucks, tractors, trailers, and sim- <br />ilar conveyances designed for highway use or <br />used for over the road transportation of people or <br />cargo; <br />f. "Aircraft"; <br />g. Watercraft; <br />h. Property while airborne; <br />i. Property that is waterborne, except in transit in <br />the custody of a carrier for hire; <br />j. Machinery, tools, equipment, supplies, or similar <br />property which will not become a permanent part <br />of your project, installation, or construction; <br />k. Contraband or property in the course of illegal <br />transportation or trade; <br />l. Antiques, paintings, statuary, and other objects <br />of art; <br />m. Valuable papers and records; and <br />n. Trees, shrubs, lawns, and plants grown outside <br />the buildings either for commercial purposes or <br />for sale. <br />DocuSign Envelope ID: 75813A28-6473-488C-94A0-FBC412554362