Laserfiche WebLink
PPB 101 01 22 Contains copyrighted material of Insurance Services Office, Inc. Page 16 of 49 <br />(g) Paragraph B.3. <br />f. Accounts Receivable <br />(1) You may extend the insurance that <br />applies to Business Personal Property <br />to apply to accounts receivable. We <br />will pay: <br />(a) All amounts due from your <br />customers that you are unable to <br />collect; <br />(b) Interest charges on any loan re- <br />quired to offset amounts you are <br />unable to collect pending our <br />payment of these amounts; <br />(c) Collection expenses in excess of <br />your normal collection expenses <br />that are made necessary by loss <br />or damage; and <br />(d) Other reasonable expenses that <br />you incur to reestablish your <br />records of accounts receivable; <br />that result from direct physical loss or <br />damage by any Covered Cause of <br />Loss to your records of accounts <br />receivable. <br />(2) The most we will pay under this Cover- <br />age Extension for loss or damage in <br />any one occurrence at the described <br />premises is $10,000, unless a higher <br />Limit of Insurance for accounts <br />receivable is shown in the <br />Declarations. <br />For accounts receivable not at the de- <br />scribed premises, the most we will pay <br />is $5,000. <br />(3) Paragraph B. Exclusions in <br />SECTION I – PROPERTY does not <br />apply to this Coverage Extension <br />except for: <br />(a) Paragraph B.1.c., Governmental <br />Action; <br />(b) Paragraph B.1.d., Nuclear <br />Hazard; <br />(c) Paragraph B.1.f., War And <br />Military Action; <br />(d) Paragraph B.2.f., Dishonesty; <br />(e) Paragraph B.2.g., False <br />Pretense; <br />(f) Paragraph B.3.; and <br />(g) Paragraph B.6., Accounts Receiv- <br />able Exclusion. <br />g. Outdoor Signs <br />(1) If you are the building owner and a <br />limit of insurance is shown in the <br />declarations for Building, you may <br />extend that insurance to apply to direct <br />physical loss of or damage to outdoor <br />signs: <br />(a) Owned by you; or <br />(b) Owned by others but in your care, <br />custody or control. <br />(2) If you are a tenant and a limit of <br />insurance is shown in the declarations <br />for Business Personal Property, you <br />may extend this insurance to apply to <br />direct physical loss of or damage to <br />outdoor signs: <br />(a) Owned by you; or <br />(b) Owned by others that you are <br />contractually obligated to repair or <br />replace. <br />(3) Paragraph A.3., Covered Causes Of <br />Loss, and Paragraph B. Exclusions <br />in SECTION I – PROPERTY, do not <br />apply to this Coverage Extension, <br />except for: <br />(a) Paragraph B.1.c., Governmental <br />Action; <br />(b) Paragraph B.1.d., Nuclear <br />Hazard; and <br />(c) Paragraph B.1.f., War And <br />Military Action. <br />(4) We will not pay for loss or damage <br />caused by or resulting from: <br />(a) Wear and tear; <br />(b) Hidden or latent defect; <br />(c) Rust; <br />(d) Corrosion; or <br />(e) Mechanical breakdown. <br />h. Appurtenant Buildings <br />(1) If this policy covers Building, you may <br />extend that insurance to apply to direct <br />physical loss or damage to “ap- <br />purtenant buildings” owned by you, or <br />owned by others that you are <br />contractually obligated to repair or <br />replace. <br />Exhibit B <br />Docusign Envelope ID: 7D12103B-E5DC-46A2-B6BA-3BD5268ECDA5