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Copyright, 2013 Selective Insurance Company of America. All rights reserved. CM 71 05 07 13 <br />Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 1 of 15 <br />BUILDERS RISK COVERAGE FORM <br /> <br /> <br /> <br />COMMERCIAL INLAND MARINE <br />CM 71 05 07 13 <br /> <br />Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and what is <br />and is not covered. <br /> <br />Throughout this policy, the words “you” and “your” refer to the Named Insured shown in the Declarations. The words “we”, <br />“us” and “our” refer to the Company providing this insurance. <br /> <br />Other words and phrases that appear in quotation marks have special meaning. Refer to Section G. — DEFINITIONS. <br /> <br />A. COVERAGE <br />We will pay for direct physical loss or damage to <br />Covered Property from any of the Covered Causes <br />of Loss. <br />1. COVERED PROPERTY, as used in this Cov- <br />erage Form, means: <br />a. Buildings and structures while in the <br />course of construction, erection or fabrica- <br />tion at the “job site”, including foundations <br />of such buildings or structures; <br />b. If intended to become a permanent part of <br />the buildings and structures at the “job <br />site”, materials, supplies, fixtures, machin- <br />ery and equipment of any nature <br />whatsoever: <br />(1) While at the “job site”; <br />(2) While at any temporary storage <br />location; or <br />(3) While in transit; <br />c. If not covered by other insurance, tem- <br />porary structures while at the “job site”, <br />including fencing, cribbing, scaffolding and <br />construction forms; <br />d. Paving, curbing, fencing, retaining walls <br />and outdoor fixtures, if included in the <br />“completed value”. <br />2. PROPERTY NOT COVERED <br />Covered Property does not include: <br />a. Existing buildings or structures to which <br />improvements, alterations, repairs or <br />additions are being made; <br />b. Land (including land on which the property <br />is located) or water; <br />c. Trees, shrubs, lawns or plants; <br />d. Plans, blueprints, designs, specifications or <br />any other similar property; or <br />e. Contraband, or property in the course of <br />illegal transportation or trade. <br />3. COVERED CAUSES OF LOSS <br />Covered Causes of Loss means direct physical <br />loss or damage to Covered Property except <br />those causes of loss or damage listed in <br />SECTION B. EXCLUSIONS. <br />4. COVERAGE EXTENSIONS <br />Except as otherwise provided, the following <br />Extensions apply to property located in or on <br />each “job site”. <br />Each of these Extensions is additional insur- <br />ance unless stated otherwise in the individual <br />Extension. <br />The Additional Condition, Coinsurance, does <br />not apply to these Extensions. <br />a. Debris Removal <br />We will pay your expenses to remove <br />debris as a result of loss or damage to <br />Covered Property caused by or resulting <br />from a Covered Cause of Loss that occurs <br />during the policy period. The expenses will <br />be paid only if they are reported to us in <br />writing within 180 days after the date of <br />direct physical loss or damage. <br />This Coverage Extension does not include <br />the cost to: <br />(1) Extract “pollutants” from land or water; <br />or <br />(2) Remove, restore or replace polluted <br />land or water. <br />The most we will pay under this Coverage <br />Extension is: <br />(1) 25% of the amount we pay for the <br />direct physical loss or damage to <br />Covered Property. However, the most <br />we will pay for the total of direct <br />physical loss or damage to Covered <br />Property plus debris removal expense <br />is the Limit of Insurance; and <br />Docusign Envelope ID: 186E0FF8-664C-4A5C-9F97-28196CE69FD1