COMMERCIAL PACKAGE POLICY
("open perils" form)
PRINCIPAL COVERAGES | |
Fire & Lightning | Limited Building Glass Coverage |
Windstorm & Hail | Theft (excluding personal property) |
Explosion | Falling Objects |
Vehicle or Aircraft damage | Collapse (excluding earthquake) |
Smoke | Sprinkler Leakage |
Volcanic Action | Riot, Civil Commotion |
Vandalism (limited glass coverage) | |
Any other risk of physical damage to building and contents not specifically excluded. |
OTHER COVERAGES (Limits Apply)
- outdoor signs attached to the building
- valuable papers & records
- additional debris removal
- BROAD FORM LIABILITY, including:
- bodily injury and property damage
- libel, slander, advertising injury, false arrest
- products, contractual, host liquor, fire legal liability
OPTIONAL COVERAGES (May be added for an additional premium) | |
Replacement cost coverage | Peak Season |
Loss of business income | Heating & cooling equipment |
Employee dishonesty | Money & securities |
Glass | Accounts receivable |
Earthquake | Signs |
PRINCIPAL EXCLUSIONS
Flood, earthquake, wear & tear, damage caused by insects or animals, intentional acts, enforcement of law or ordinance, power failures
DEDUCTIBLE CLAUSE
Pays only for losses in excess of deductible selected.
IMPORTANT
This simplified summary does not represent
contract
terms. The policy is the contract.