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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 3 of 15
<br />(a) Direct physical loss or damage to
<br />Covered Property caused by
<br />“fungus”, or wet or dry rot, includ-
<br />ing the cost of removal of the
<br />“fungus”, or wet or dry rot;
<br />(b) The cost to tear out and replace
<br />any part of the building or other
<br />property as needed to gain access
<br />to the “fungus”, or wet or dry rot;
<br />and
<br />(c) The cost of testing performed after
<br />removal, repair, replacement or
<br />restoration of the damaged prop-
<br />erty is completed, provided there is
<br />a reason to believe that “fungus”,
<br />or wet or dry rot are present.
<br />(3) Regardless of the number of claims,
<br />the most we will pay under this
<br />Coverage Extension for the total of all
<br />loss or damage arising out of all
<br />occurrences of “specified causes of
<br />loss or damage” (other than fire or
<br />lightning) and Flood which take place
<br />in a 12 month period (starting with the
<br />beginning of the present annual policy
<br />period) is $15,000. With respect to a
<br />particular occurrence of loss or dam-
<br />age which results in “fungus”, or wet or
<br />dry rot, we will not pay more than a
<br />total of $15,000 even if the “fungus”, or
<br />wet or dry rot continues to be present
<br />or active, or recurs, in a later policy
<br />period.
<br />(4) The coverage provided under this
<br />Coverage Extension does not increase
<br />the applicable Limit of Insurance on
<br />any Covered Property. If a particular
<br />occurrence results in loss or damage
<br />by “fungus”, or wet or dry rot, and other
<br />loss or damage, we will not pay more,
<br />for the total of all loss or damage, than
<br />the applicable Limit of Insurance on
<br />the affected Covered Property.
<br />If there is covered loss or damage to
<br />Covered Property, not caused by
<br />“fungus”, or wet or dry rot, payment for
<br />loss or damage will not be limited by
<br />the terms of this Coverage Extension,
<br />except to the extent that “fungus”, or
<br />wet or dry rot causes an increase in
<br />the loss or damage. Any such increase
<br />in the loss or damage will be subject to
<br />the terms of this Coverage Extension.
<br />The deductible applicable to loss or
<br />damage applies separately to each
<br />occurrence of loss or damage under
<br />this Coverage Extension.
<br />f. Total Loss Supplemental Limit
<br />In the event of total loss or damage, we will
<br />pay up to an additional 5% of the applica-
<br />ble Limit of Insurance, not to exceed
<br />$500,000, to cover increases in the cost of
<br />labor, materials and changes in construc-
<br />tion specifications.
<br />This Coverage Extension shall not apply to
<br />cost increases covered under the ordi-
<br />nance or law coverage provided elsewhere
<br />in this policy.
<br />Payment under this Coverage Extension is
<br />contingent on your repair or replacement of
<br />the property sustaining loss or damage as
<br />soon as practicable.
<br />The deductible applicable to loss or dam-
<br />age applies separately to each occurrence
<br />of loss or damage under this Coverage
<br />Extension.
<br />g. Valuable Papers and Records
<br />When loss or damage to your valuable
<br />papers or records such as blueprints,
<br />plans, drawings, or data processing media,
<br />occurs at a “job site” and is caused by a
<br />Covered Cause of Loss, we will pay up to
<br />$25,000 to reproduce, replace, or restore
<br />any such papers and records not covered
<br />by other insurance.
<br />Valuable papers and records do not
<br />include accounts, bills, currency, deeds,
<br />evidences of debt, money, notes or
<br />securities.
<br />Section 2. PROPERTY NOT COVERED,
<br />Item d. does not apply to this Coverage
<br />Extension.
<br />The deductible applicable to loss or dam-
<br />age applies separately to each occurrence
<br />of loss or damage under this Coverage
<br />Extension.
<br />h. Trees, Shrubs, Lawns or Plants
<br />We will pay up to $10,000 for loss or
<br />damage to trees, shrubs, lawns or plants, if
<br />the loss or damage is caused by or results
<br />from fire, lightning, explosion, riot, civil
<br />commotion, aircraft, vandalism, theft,
<br />vehicles or sinkhole collapse.
<br />The most we will pay for any one tree,
<br />shrub, lawn or plant, including removal, is
<br />$500.
<br />Docusign Envelope ID: 186E0FF8-664C-4A5C-9F97-28196CE69FD1
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