FIREPE, INC. (2) - Laserfiche WebLink

PPB 301 01 18 Page 2 of 10 This endorsement modifies insurance provided under the following: BUSINESSOWNERS COVERAGE FORM 1. Property Limitations – Interior Damage Section I – A.4. Limitations, paragraph a.(5) is deleted. 2. Business Income And Extra Expense – Newly Acquired Premises With respect to Section I – A.5. Additional Cover- ages, f. Business Income and g. Extra Expense, coverage is extended to newly acquired premises. The most we will pay in any one occurrence for business income and extra expense is $500,000. Insurance under this Additional Coverage for each newly acquired premises will end when any of the following first occurs: a. This policy expires; b. One hundred eighty (180) days expire after you acquire that premises; c. You report that premises to us; d. The Business Income or Extra Expense is more specifically insured. 3. Forgery Or Alteration Increased Limit Section I – A.5. Additional Coverages, k. Forgery Or Alteration, paragraph (4) is deleted and replaced with the following: (4) The most we will pay for any loss, including legal expenses, under this Additional Coverage is $50,000, unless a higher Limit of Insurance is shown in the Declarations. 4. Increased Cost Of Construction – Ordinance Or Law Expanded Coverage a. With respect to Section I – A.5. Additional Coverages, l. Increased Cost Of Construc- tion, coverage is extended to include: (1) The loss in value of the undamaged portion of the building as a consequence of enforce- ment of any ordinance or law that requires demolition of undamaged parts of the same building. (2) The cost incurred to demolish and clear the site of undamaged parts of the same build- ing as a consequence of enforcement of an ordinance or law that requires demolition of such undamaged property. (3) Tenant’s Improvements and Betterments as described in Paragraph A.1.b.(3) if: (a) You are a tenant; and (b) A Limit of Insurance is shown in the Declarations for Business Personal Property at the described premises. (4) Business Income and Extra Expense due to an increased “period of restoration” caused by or resulting from the enforcement of any law or ordinance that regulates the con- struction or repair of any property or requires the tearing down of parts of any property not damaged by a Covered Cause of Loss, however the most we will pay for Business Income and Extra Expense for any increase in the “period of restoration” is the lesser of: (a) $50,000; or (b) The amount of actual and necessary loss you sustain during the increased period of suspension of your “operations”. b. The coverages provided by this extension apply only if the building sustains direct physical dam - age due to a Covered Cause of loss under this policy and such damage results in enforcement of the ordinance or law. c. Section I – A.5. Additional Coverages, l. Increased Cost Of Construction, paragraph (6) is deleted and replaced by the following: (6) The most we will pay for the Additional Cov- erages in Increased Cost Of Construction – Ordinance or Law Expanded Coverage is $250,000 for each described premises or each damaged building if the damaged building is covered under a blanket limit of insurance. 5. Business Income And Extra Expense From Dependent Properties Section I – A.5. Additional Coverages, m. Business Income And Extra Expense From Dependent Properties, paragraph (1) is deleted and replaced with the following: (1) We will pay for the actual loss of Business Income And Extra Expense you sustain due to physical loss or damage at the premises of a dependent property caused by or resulting from any Covered Cause of Loss. The most we will pay under this Additional Coverage $50,000 unless a higher Limit of Insurance is shown in the Declarations. Exhibit B Docusign Envelope ID: 7D12103B-E5DC-46A2-B6BA-3BD5268ECDA5