Orange County NC Website
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 5 of 15 <br />(I) Until the Covered Property is <br />actually repaired or replaced, <br />at the same “job site” or <br />elsewhere; and <br />(II) Unless the repairs or replace- <br />ment are made as soon as <br />reasonably practicable after <br />the loss or damage not to <br />exceed two (2) years. <br />(d) If the building or structure is <br />repaired or replaced at the same <br />“job site,” or if you elect to rebuild <br />at another site, the most we will <br />pay is the lesser of: <br />(I) The increased cost of con- <br />struction at the same “job site”; <br />or <br />(II) $500,000 (or, if otherwise <br />stated, the applicable In- <br />creased Cost of Construction <br />Limit shown in the Special <br />Provisions section in the <br />Declarations.) <br />(e) If the ordinance or law requires <br />relocation to another site, the most <br />we will pay is the lesser of: <br />(I) The increased cost of con- <br />struction at the new site; or <br />(II) $500,000 (or, if otherwise <br />stated, the applicable In- <br />creased Cost of Construction <br />Limit shown in the Special <br />Provisions section in the <br />Declarations.) <br />(4) We will not pay under Coverage for <br />Loss to the Undamaged Portion of <br />the Building or Structure, Demoli- <br />tion Cost Coverage, or Increased <br />Cost of Construction Coverage for <br />costs associated with the enforcement <br />of any ordinance or law that requires <br />any insured or others to test for, <br />monitor, clean up, remove, contain, <br />treat, detoxify, or neutralize, or in any <br />way respond to or assess the effects of <br />“pollutants.” <br />Section B. EXCLUSIONS, Item 1.a. does <br />not apply to this Coverage Extension. <br />The deductible applicable to loss or <br />damage applies separately to each loss or <br />damage under this Coverage Extension. <br />j. Preservation of Property <br />If it is necessary to move Covered Property <br />from the ”job site” to preserve it from loss <br />or damage by a Covered Cause of Loss, <br />we will pay for any direct physical loss or <br />damage to that property: <br />(1) While it is being moved or while <br />temporarily stored at another location; <br />and <br />(2) Only if the loss or damage occurs <br />within 30 days after the property is first <br />moved. <br />The most we will pay under this Coverage <br />Extension is $10,000 unless otherwise <br />stated in the Special Provisions section in <br />the Declarations. <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 />k. Fire Protective Systems <br />If your fire protective equipment discharges <br />accidentally or to control a Covered Cause <br />of Loss, we will pay expenses you incur to: <br />(1) Recharge or refill your fire protective <br />systems; and <br />(2) Replace or repair faulty valves or <br />controls which caused the discharge. <br />The most we will pay under this Coverage <br />Extension is $75,000 unless otherwise <br />stated in the Special Provisions section in <br />the Declarations. <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 />l. Construction Contract Penalty <br />If your construction contract contains a <br />clause that requires you to pay a penalty <br />as a direct result of loss or damage to <br />Covered Property from a Covered Cause <br />of Loss, we will pay that penalty. <br />The most we will pay under this Coverage <br />Extension is $25,000 unless otherwise <br />stated in the Special Provisions section in <br />the Declarations. <br />The deductible applicable to loss or dam- <br />age applies separately to each penalty you <br />are required to pay under this Coverage <br />Extension. <br />Docusign Envelope ID: 186E0FF8-664C-4A5C-9F97-28196CE69FD1