PROPERTY COVERAGE

There are two kinds of Property Coverage available: All Risk or Named Perils

Basis of Settlement
Replacement Cost – the cost of replacing, repairing, constructing or reconstructuring without deduction for depreciation.

Actual Cash Value – the cost of replacement less any depreciation for wear and tear and age.  This option is available if you do not choose to insure to full replacement value.

Property Coverage
Earthquake Protection
Flood Protection
$1 Million Newly Acquired Property
$100,000 In-Transit
$50,000 Sales Representative
$50,000 Consequential Loss
$25,000 Extra Expense
$25,000 Computers (including software)
$25,000 Property of Owners, Employees and Officers
Sewer & Septic System Back-up Protection
$25,000 Hydro Poles & Lines (off premises)
Blanket By-Laws
$10,000 Accounts Receivable
$10,000 Valuable Papers
$10,000 Professional Fees
$10,000 Additional Living Expense (owners only)
$10,000 Docks (fire only)
$10,000 Property of Guests
$10,000 Sign Coverage (off premises)
$10,000 Premises Pollution Clean-up
$5,000 Fire Department Charges
$5,000 Parcel Post
Off Premises Reconstruction Clause