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THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />Form SP 30 01 10 18 Page 2 of 2 <br />© 2018, The Hartford <br />(May include copyrighted material of Insurance Services Office, Inc., with its permission) <br />Property that has sustained loss or damage,plus the amount listed in the Declarations under Debris <br />Removal – Additional Limit. <br />(5)Examples <br />Example 1 <br />Limit of Insurance $ 90,000 <br />Amount of Deductible $ 500 <br />Amount of Loss $ 50,000 <br />Amount of Loss Payable $ 49,500 <br />($50,000 – $500) <br />Debris Removal Expense $ 10,000 <br />Debris Removal Expense Payable $ 10,000 <br />($10,000 is 20% of $50,000) <br />The debris removal expense is less than 25%of the sum of the loss payable plus the Deductible.The <br />sum of the loss payable and the debris removal expense ($49,500 +$10,000 =$59,500)is less than the <br />Limit of Insurance.Therefore,the full amount of debris removal expense is payable in accordance with <br />the terms of Paragraph (3). <br />Example 2 <br />Limit of Insurance $ 90,000 <br />Amount of Deductible $ 500 <br />Amount of Loss $ 80,000 <br />Amount of Loss Payable $ 79,500 <br />($80,000 – $500) <br />Debris Removal Expense $ 40,000 <br />Debris Removal Expense Payable <br />Basic Amount $ 10,500 <br />Additional Limit $ 25,000 <br />The basic amount payable for debris removal expense under the terms of Paragraph (3)is calculated as <br />follows:$80,000 ($79,500 +$500)x .25 =$20,000;capped at $10,500.The cap applies because the sum <br />of the loss payable ($79,500)and the basic amount payable for debris removal expense ($10,500)cannot <br />exceed the Limit of Insurance ($90,000). <br />The additional amount payable for debris removal expense is provided in accordance with the terms of <br />Paragraph (4),because the debris removal expense ($40,000)exceeds 25%of the loss payable plus the <br />Deductible ($40,000 is 50%of $80,000),and because the sum of the loss payable and debris removal <br />expense ($79,500 +$40,000 =$119,500)would exceed the Limit of Insurance ($90,000).In this example, <br />the Debris Removal –Additional Limit shown in the Declarations is $25,000.Thus,the total payable for <br />debris removal expense in this example is $35,500; $4,500 of the debris removal expense is not covered. <br />Docusign Envelope ID: 9DF92A24-B534-85BA-8088-342315DF1839