GARAGE PROTECTOR PLUS ENDORSEMENT

Transcription

1 COMMERCIAL MULTI-LINE CF-2025 (Ed ) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: BUILDING AND PERSONAL PROPERTY COVERAGE FORM CAUSES OF LOSS SPECIAL FORM COMMERCIAL GENERAL LIABILITY COVERAGE FORM GARAGE PROTECTOR PLUS ENDORSEMENT With respect to coverages provided by this endorsement, the provisions of the Coverage Form apply unless modified by the endorsement. SCHEDULE 1. HIRED AUTO AND NON-OWNED AUTO LIABILITY ADDITIONAL PREMIUM: $ 2. GARAGEKEEPERS COVERAGE PART AND PREMIUMS: Locations Where You Conduct Garage Operations Location Number Location Address Occupancy Description Loc. No. Coverages Limit Of Insurance And Deductibles For Each Location Premium For All Locations Comprehensive Limit Of Insurance: $ Deductible For All Perils For Each Customer s Auto: $ Maximum Deductible For All Loss In Any One Event: $ Comprehensive Limit Of Insurance: $ Collision $ Deductible For Each Customer s Auto: $ Comprehensive Limit Of Insurance: $ Collision Deductible For All Perils For Each Customer s Auto: $ $ Maximum Deductible For All Loss In Any One Event: $ Collision Limit Of Insurance: $ Deductible For Each Customer s Auto: $ Garagekeepers Coverage applies on a legal liability basis unless the Primary option has been indicated with an X. Primary Insurance Applies. If this box is checked, Garagekeepers Coverage is changed to apply without regard to your or any other insured s legal liability for loss to a customer s auto and is primary insurance. Information required to complete this Schedule, if not shown above, will be shown in the Declarations. A. Applicable Coverages This endorsement provides: 1. Hired Auto And Non-Owned Auto Liability Coverage, subject to the provisions of Paragraph B., only if a premium is shown for that coverage in the Schedule; 2. Garagekeepers Coverage Part, subject to the provisions of Paragraph C., only for those coverages: a. Where a Limit of Insurance and premium are shown for that coverage in the Schedule; and b. For the location shown in the Schedule. 3. Coverage Enhancements, subject to the provisions of Paragraph D. B. Hired Auto And Non-Owned Auto Liability Coverage The insurance provided under Coverage A Bodily Injury And Property Damage Liability in Section I Coverages of the Commercial General Liability Coverage Form, applies to bodily injury or property damage arising out of the maintenance or use of a hired auto or nonowned auto by you or your employees while acting within the course of your business. For insurance provided by this Hired Auto And Non-Owned Auto Liability Coverage only: 1. The exclusions, under Coverage A Bodily Injury And Property Damage Liability in Section I Coverages of the Commercial General Liability Coverage Form, other than exclusions a., b., d., e., f. and i. and the Nuclear Energy Liability Exclusion (Broad Form) are deleted and replaced by the following: CF-2025 (Ed ) Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 1 of 9

2 a. Property damage to: (1) Property owned or being transported by, or rented or loaned to the insured; or (2) Property in the care, custody or control of the insured. 2. Section II - Who Is An Insured of the Commercial General Liability Coverage Form is replaced by the following: Each of the following is an insured under this endorsement to the extent set forth below: a. You; b. Any other person using a hired auto with your permission; c. For a non-owned auto : (1) Any partner or executive officer of yours; or (2) Any employee of yours but only while such non-owned auto is being used in your business; and d. Any other person or organization, but only with respect to their liability because of acts or omissions of an insured under a., b. or c. above. None of the following is an insured: a. Any person engaged in the business of his or her employer for bodily injury to any co- employee of such person injured in the course of employment, or to the spouse, child, parent, brother or sister of that co- employee as a consequence of such bodily injury, or for any obligation to share damages with or repay someone else who must pay damages because of the injury; b. Any partner or executive officer for any auto owned by such partner or officer or a member of his or her household; c. Any person while employed in or otherwise engaged in duties in connection with an auto business, other than an auto business you operate; d. The owner or lessee (of whom you are a sublessee) of a hired auto or the owner of a non-owned auto or any agent or employee of any such owner or lessee; or e. Any person or organization with respect to the conduct of any current or past partnership or joint venture that is not shown as a Named Insured in the Declarations. 3. Other Insurance The insurance provided by this endorsement for Hired Auto And Non-Owned Auto Liability Coverage is excess over any other valid and collectible insurance available to the insured. 4. The following additional definitions apply to this Hired Auto And Non-Owned Auto Liability Coverage: a. Auto Business means the business or occupation of selling, repairing, servicing, storing or parking autos or farm machinery. b. Hired Auto means any auto you lease, hire or borrow. This does not include any auto you lease, hire or borrow from any of your employees or members of their households, or from any partner or executive officer of yours. c. Non-Owned Auto means any auto, boat or farm machinery you do not own, lease, hire or borrow which is used in connection with your business. This includes autos owned by your employees, your partners or your executive officers, or members of their households, but only while used in your business or your personal affairs. C. Garagekeepers Coverage Part 1. Coverage We will pay all sums the insured legally must pay as damages for loss to a customer s auto or customer s auto equipment left in the insured s care while the insured is attending, servicing, repairing, parking or storing it in your garage operations under: a. Comprehensive Coverage From any cause except: (1) The customer s auto s collision with another object; or (2) The customer s auto s overturn. b. Collision Coverage Caused by: (1) The customer s auto s collision with another object; or (2) The customer s auto s overturn. 2. We will have the right and duty to defend any insured against a suit asking for these damages. However, we have no duty to defend any insured against a suit seeking damages for loss to which this insurance does not apply. We may investigate and settle any claim or suit as we consider appropriate. Our duty to defend or settle ends for a coverage when the Limit of Insurance for that coverage has been exhausted by payment of judgments or settlements. CF-2025 (Ed ) Page 2 of 9

3 3. Who Is An Insured The following are insureds for loss to customer s autos and customer s auto equipment: a. You. b. Your partners (if you are a partnership), or members (if you are a limited liability company), employees, directors or shareholders while acting within the scope of their duties as such. 4. Coverage Extensions The following applies as Supplementary Payments. We will pay for the insured : a. All expenses we incur. b. The costs of bonds to release attachments in any suit against an insured we defend, but only for bond amounts within our Limit of Insurance. c. All reasonable expenses incurred by the insured at our request, including actual loss of earnings up to $250 a day because of time off from work. d. All court costs taxed against the insured in any suit against an insured we defend. However, these payments do not include attorneys fees or attorneys expenses taxed against the insured. e. All interest on the full amount of any judgment that accrues after entry of the judgment in any suit against an insured we defend; but our duty to pay interest ends when we have paid, offered to pay, or deposited in court the part of the judgment that is within our Limit of Insurance. These payments will not reduce the Limit of Insurance. 5. Exclusions a. This insurance does not apply to any of the following: (1) Contractual Obligations Liability resulting from any contract or agreement by which the insured accepts responsibility for loss. But this exclusion does not apply to liability for loss that the insured would have in the absence of the contract or agreement. (2) Theft Loss due to theft or conversion caused in any way by you, your employees or by your shareholders. (3) Defective Parts Defective parts or materials. (4) Faulty Work Faulty work you performed. b. We will not pay for loss to any of the following: (1) Tape decks or other sound-reproducing equipment unless permanently installed in a customer s auto. (2) Tapes, records or other sound-reproducing devices designed for use with sound-reproducing equipment. (3) Sound-receiving equipment designed for use as a citizens band radio, two-way mobile radio or telephone or scanning monitor receiver, including its antennas and other accessories, unless permanently installed in the dash or console opening normally used by the customer s auto manufacturer for the installation of a radio. (4) Any device designed or used to detect speed measurement equipment such as radar or laser detectors and any jamming apparatus intended to elude or disrupt speed measurement equipment. (5) Electronic data. c. We will not pay for loss caused by or resulting from the following. Such loss is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss : (1) War, including undeclared or civil war; (2) Warlike action by a military force, including action in hindering or defending against an actual or expected attack, by any government, sovereign or other authority using military personnel or other agents; or (3) Insurrection, rebellion, revolution, usurped power or action taken by governmental authority in hindering or defending against any of these. 6. Limits Of Insurance And Deductibles a. The most we will pay for loss to any one covered customer s auto is the lesser of: (1) The actual cash value of the damaged or stolen property as of the time of loss ; or (2) The cost of repairing or replacing the damaged or stolen property with other property of like kind and quality. b. If a repair or replacement results in better than like kind or quality, we will not pay for the amount of betterment. c. An adjustment for depreciation and physical condition will be made in determining the actual cash value. CF-2025 (Ed ) Page 3 of 9

4 d. Regardless of the number of customer s autos, insureds, premiums paid, claims made or suits brought, the most we will pay for each loss at each location is the Garagekeepers Coverage Limit of Insurance shown in the Schedule for that location. Prior to the application of this limit, the damages for loss that would otherwise be payable will be reduced by the applicable deductibles for loss caused by: (1) Collision; or (2) Comprehensive. e. The maximum deductible stated in the Schedule for Garagekeepers Coverage Comprehensive is the most that will be deducted for all loss in any one event. f. At our option, we may pay all or any part of the deductible to settle a claim or suit. If this happens you must reimburse us for the deductible or that portion of the deductible that we paid. g. If we pay for the loss, our payment will include the applicable sales tax for the damaged or stolen property. 7. Garagekeepers Conditions The following conditions apply in addition to the Common Policy Conditions: a. Loss Conditions (1) Appraisal If you and we disagree on the amount of loss, either may demand an appraisal of the loss. In this event, each party will select a competent appraiser. The two appraisers will select a competent and impartial umpire. Each appraiser will state the actual cash value of the loss. If they fail to agree, they will submit their differences to the umpire. A decision agreed to by any two will be binding. Each party will: (a) Pay its chosen appraiser; and (b) Bear the other expenses of the appraisal and umpire equally. If we submit to an appraisal, we will still retain our right to deny the claim. (2) Duties In The Event Of Claim, Suit Or Loss We have no duty to provide coverage under this policy unless there has been full compliance with the following duties: (a) In the event of claim, suit or loss, you must give us or our authorized representative prompt notice of the claim, suit or loss. Include: (i) How, when and where the loss occurred; (ii) The insured s name and address; and (iii) To the extent possible, the names and addresses of any involved persons and witnesses. (b) Additionally, you and any other involved insured must: (i) Assume no obligation, make no payment or incur no expense without our consent, except at the insured s own cost. (ii) Immediately send us copies of any request, demand, order, notice, summons or legal paper received concerning the claim or suit. (iii) Cooperate with us in the investigation or settlement of the claim or defense against the suit. (iv) Promptly notify the police if the covered customer s auto or any of its equipment is stolen or vandalized. (v) Take all reasonable steps to protect the covered customer s auto or its equipment from further damage. Also keep a record of your expenses for consideration in the settlement of the claim. (vi) Permit us to inspect the covered customer s auto or its equipment and records proving the loss before its repair or disposition. (vii) Agree to examination under oath at our request and give us a signed statement of your answers. (3) Legal Action Against Us No one may bring a legal action against us under this Garagekeepers Coverage Part until there has been full compliance with all the terms of the Garagekeepers Coverage Part. (4) Recoveries At our option we may: (a) Return the stolen property, at our expense. We will pay for any damage that results to the customer s auto from the theft; or (b) Take all or any part of the damaged or stolen property at an agreed or appraised value. CF-2025 (Ed ) Page 4 of 9

5 (5) Transfer Of Rights Of Recovery Against Others To Us If any person or organization to or for whom we make payment under this Garagekeepers Coverage Part has rights to recover damages from another, those rights are transferred to us. That person or organization must do everything necessary to secure our rights and must do nothing after loss to impair them. b. General Conditions (1) Bankruptcy Bankruptcy or insolvency of the insured or the insured s estate will not relieve us of any obligations under this Garagekeepers Coverage Part. (2) Concealment, Misrepresentation Or Fraud We will not pay for any loss or damage in any case of fraud by you at any time as it relates to this Garagekeepers Coverage Part. We will not pay for any loss or damage if you or any other insured, at any time, willfully conceal or misrepresent a material fact concerning: (a) This Garagekeepers Coverage Part; (b) The covered customer s auto or its equipment; (c) Your interest in the covered customer s auto or its equipment; or (d) A claim under this Garagekeepers Coverage Part. (3) Liberalization If we revise this Garagekeepers Coverage Part to provide more coverage without additional premium charge, your policy will automatically provide the additional coverage as of the date the revision is effective in your state. (4) No Benefit To Bailee We will not recognize any assignment or grant any coverage for the benefit of any person or organization holding, storing or transporting property for a fee regardless of any other provision of this Garagekeepers Coverage Part. (5) Other Insurance The insurance provided by this Garagekeepers Coverage Part is excess over any other collectible insurance unless Primary Insurance Applies as indicated in the Schedule above. When this Garagekeepers Coverage Part and any other coverage form or policy covers on the same basis, either excess or primary, we will pay only our share. Our share is the proportion that the Limit of Insurance of our Garagekeepers Coverage Part bears to the total of the limits of all the coverage forms and policies covering on the same basis. (6) Policy Period, Coverage Territory Under this Garagekeepers Coverage Part, we cover loss occurring: (a) During the policy period shown in the Declarations; and (b) Within the coverage territory. The coverage territory is: (a) The United States of America; and (b) Canada. 8. Definitions The following definitions apply to this Garagekeepers Coverage Part: a. Customer s auto means a land motor vehicle, boat, trailer, semitrailer, farm machinery or farm implement lawfully within your possession for service, repair, storage or safekeeping, with or without the vehicle owner s knowledge or consent. A customer s auto also includes any such vehicle left in your care by your employees and members of their households, who pay for services performed. b. Employee includes a leased worker. Employee does not include a temporary worker. c. Garage operations means the ownership, maintenance or use of locations for the purpose of a business of selling, servicing, repairing, parking or storing customer s autos and that portion of the roads or other accesses that adjoin these locations. Garage operations also includes all operations necessary or incidental to the performance of garage operations. d. Insured means any person or organization qualifying as an insured in the Who Is An Insured provision of this Garagekeepers Coverage Part. Except with respect to the Limit of Insurance, the coverage afforded applies separately to each insured who is seeking coverage or against whom a claim or suit is brought. e. Leased worker means a person leased to you by a labor leasing firm under an agreement between you and the labor leasing firm to perform duties related to the conduct of your business. Leased worker does not include a temporary worker. f. Loss means direct and accidental loss or damage to tangible property and includes any resulting loss of use. CF-2025 (Ed ) Page 5 of 9

6 g. Suit means a civil proceeding in which damages to which this insurance applies are alleged. h. Temporary worker means a person who is furnished to you to substitute for a permanent employee on leave or to meet seasonal or short-term workload conditions. i. Work you performed includes: (1) Your work; (2) Work that someone performed on your behalf; and (3) The providing of or failure to provide warnings or instructions. D. Coverage Enhancements 1. Broadened Premises The phrase within 100 feet is replaced by the phrase within 1,000 feet as stated in: a. Paragraphs A.1.a.(5)(b), A.1.b., A.1.c.(2) and A.5. in the Building And Personal Property Coverage Form; and b. Paragraphs C.2.c.(1) and F.1.a. in the Causes of Loss Special Form. 2. Debris Removal Paragraph A.4.a.(4) in the Building And Personal Property Coverage Form is replaced by the following: (4) We will pay up to an additional $25,000 for debris removal expense, for each location, in any one occurrence of physical loss or damage to Covered Property, if one or both of the following circumstances apply: (a) The total of the actual debris removal expense plus the amount we pay for direct physical loss or damage exceeds the Limit of Insurance on the Covered Property that has sustained loss or damage. (b) The actual debris removal expense exceeds 25% of the sum of the deductible plus the amount that we pay for direct physical loss or damage to the Covered Property that has sustained loss or damage. Therefore, if (4)(a) and/or (4)(b) apply, our total payment for direct physical loss or damage and debris removal expense may reach but will never exceed the Limit of Insurance on the Covered Property that has sustained loss or damage, plus $25, Fire Department Service Charge Paragraph A.4.c. in the Building And Personal Property Coverage Form is replaced by the following: c. Fire Department Service Charge When the fire department is called to save or protect Covered Property from a Covered Cause of Loss, we will pay up to $5,000, unless a higher limit is shown in the Declarations, for your liability for fire department service charges: (1) Assumed by contract or agreement prior to loss; or (2) Required by local ordinance. No deductible applies to this Additional Coverage. 4. Personal Effects And Property Of Others The last paragraph of Paragraph A.5.b. in the Building And Personal Property Coverage Form is replaced by the following: The most we will pay for loss or damage under this Extension is $5,000 at each described premises, unless a higher limit is shown in the Declarations. Our payment for loss of or damage to personal property of others will only be for the account of the owner of the property. This Extension does not apply to employee tools. 5. Valuable Papers And Records (Other Than Electronic Data) Paragraph A.5.c.(4) in the Building And Personal Property Coverage Form is replaced by the following: (4) Under this Extension, the most we will pay to replace or restore the lost information is $10,000 at each described premises, unless a higher limit is shown in the Declarations. Such amount is additional insurance. We will also pay for the cost of blank material for reproducing the records (whether or not duplicates exist), and (when there is a duplicate) for the cost of labor to transcribe or copy the records. The costs of blank material and labor are subject to the applicable Limit of Insurance on Your Business Personal Property and therefore coverage of such costs is not additional insurance. For valuable papers and records (other than electronic data) not at the described premises, the most we will pay is $5, Property Off-premises Paragraph A.5.d.(3) in the Building And Personal Property Coverage Form is replaced by the following: (3) The most we will pay for loss or damage under this Extension is $15, Outdoor Property The last paragraph of Paragraph A.5.e. in the Building And Personal Property Coverage Form is replaced by the following: The most we will pay for loss or damage under this Extension is $10,000, unless a higher limit is shown in the Declarations, but not more than $1,000 for any one tree, shrub or plant. These limits apply to any one occurrence, regardless of the types or number of items lost or damaged in that occurrence. CF-2025 (Ed ) Page 6 of 9

7 8. Outdoor Signs Coverage The second paragraph of Paragraph C. Limits Of Insurance in the Building And Personal Property Coverage Form is replaced by the following: The most we will pay for loss or damage to outdoor signs, whether or not the sign is attached to the building, is $5,000 per sign in any one occurrence, unless a higher limit is shown in the Declarations. E. Coverage Extensions The following Coverage Extensions are in addition to the Limit of Insurance of the applicable Coverage Form unless otherwise indicated. The Additional Condition, Coinsurance, does not apply to these Extensions. 1. Accounts Receivable a. In the Building And Personal Property Coverage Form, you may extend the insurance that applies to Your Business Personal Property to apply to accounts receivable. We will pay: (1) All amounts due from your customers that you are unable to collect; (2) Interest charges on any loan required to offset amounts you are unable to collect pending our payment of these amounts; (3) Collection expenses in excess of your normal collection expenses that are made necessary by loss or damage; and (4) Other reasonable expenses that you incur to re-establish your records of accounts receivable; that result from direct physical loss or damage by any Covered Cause Of Loss to your records of accounts receivable. b. The most we will pay for loss or damage in any one occurrence at the described premises is $10,000, unless a higher limit is shown in the Declarations. For accounts receivable not at the described premises, the most we will pay is $5,000. c. Paragraph B. Exclusions in Causes Of Loss Special Form does not apply to this Coverage Extension except for: (1) Paragraph B.1.c., Governmental Action; (2) Paragraph B.1.d., Nuclear Hazard; (3) Paragraph B.1.f., War And Military Action; (4) Paragraph B.2.h., Dishonesty; (5) Paragraph B.2.i., Voluntary Parting; and (6) Paragraph B.3. d. The following additional exclusion applies to this Coverage Extension: We will not pay for: (1) Loss or damage caused by or resulting from alteration, falsification, concealment or destruction of records of accounts receivable done to conceal the wrongful giving, taking or withholding of money, securities or other property. This exclusion applies only to the extent of the wrongful giving, taking or withholding. (2) Loss or damage caused by or resulting from bookkeeping, accounting or billing errors or omissions. (3) Any loss or damage that requires any audit of records or any inventory computation to prove its factual existence. 2. Employee Tools And Equipment a. In the Building And Business Personal Property Coverage Form, you may extend the insurance that applies to Your Business Personal Property to apply to your employees tools and equipment located on the premises where you conduct your garage operations. b. Employee tools and equipment includes: (1) Accessories, whether or not attached; (2) Spare parts that are specifically designated and intended for use in the maintenance and operation of the covered property; and (3) Containers; which are used in connection with your garage operations. c. Employee tools and equipment do not include tools or equipment: (1) That are not in working condition when this coverage becomes effective; (2) While they are loaned, leased or rented to others; or (3) That are away from the premises where you conduct your garage operations. d. Paragraph A.1.c. Personal Property Of Others in the Building And Business Personal Property Coverage Form does not apply to employee tools and equipment. CF-2025 (Ed ) Page 7 of 9

8 e. Additional Exclusions In addition to the exclusions that apply to Your Business Personal Property, we will not pay for loss or damage caused directly or indirectly by or resulting from: (1) Theft of employees tools and equipment from any unattended vehicle unless, at the time of theft, the vehicle s windows, doors and compartments were closed and locked, and there are visible signs that the theft was a result of forced entry. (2) Theft from a tool box located in the open bed of a truck, unless there is visible evidence that the tool box was broken into or forcibly removed from the truck bed. In that case, the tool box must have been permanently attached to the truck bed and securely locked. (3) Theft of portable welders, generators or similar equipment from the open bed of a truck, unless such equipment was chained to the truck and there is visible evidence of unauthorized removal. f. Limits Of Insurance The most we will pay for loss or damage under this Extension is $10,000 for any one occurrence unless a higher limit is shown in the Declarations. However, we will pay no more than $2,500 for the tools and equipment of any one employee unless a higher limit is shown in the Declarations. Our payment for loss of or damage to employees tools and equipment will be to the owner of the tools and equipment. g. Deductible We will not pay under this Extension until the amount of loss or damage exceeds a deductible of $250. We will then pay the amount of loss or damage in excess of the deductible, up to the applicable limit of insurance. h. Definitions Garage operations, as used in this Extension, is given the same meaning as defined under the Garagekeepers Coverage Part. 3. Water Which Enters The Building Through Sewers, Drains Or Sump Systems In the Building And Personal Property Coverage Form, you may extend the insurance that applies to Covered Property as provided below. a. We will pay for accidental direct physical loss of or damage to Covered Property caused by or resulting from: (1) Water or sewage that enters the building through sewers or drains; or (2) Water which overflows from within a sump pump, sump pump well or any other system designed to remove subsurface water which is drained from the foundation area. Covered Property, as used in this Extension, means the type of property described in Paragraph A.1., Covered Property, and limited in Paragraph A.2., Property Not Covered in the Building And Personal Property Coverage Form, if a Limit of Insurance is shown in the Declarations for that type of property. We do not pay for loss or damage caused by an insured s negligence. This Extension does not increase the Limits of Insurance for any other coverage provided by this policy. b. The most we will pay for each covered building and/or business personal property in any one occurrence is $5,000, unless a higher limit is shown in the Declarations. This Limit of Insurance is the most we pay regardless of the number of individual occupancies. c. Coverage provided under this Extension does not apply to the Additional Coverages of Debris Removal or Pollutant Clean Up and Removal. d. Exclusion 1.g. Water, under Paragraph B. Exclusions, in the Causes of Loss Form, is deleted for this Extension only, and replaced by the following: We will not pay for loss or damage caused directly or indirectly by any of the following. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. g. Water (1) Flood, surface water, waves, tides, tidal waves, overflow of any body of water, or their spray, all whether driven by wind or not; (2) Mudslide or mudflow; (3) Water under the ground surface (except as covered in Paragraph E.5.a.(2) above) pressing on, or flowing or seeping through: (a) Foundations, walls, floors or paved surfaces; (b) Basements, whether paved or not; or (c) Doors, windows, or other openings. But if Water, as described in Paragraphs B.1.g.(1) through B.1.g.(3) results in fire, explosion or sprinkler leakage, we will pay for loss or damage caused by that fire, explosion or sprinkler leakage. CF-2025 (Ed ) Page 8 of 9

9 e. We do not pay for loss or damage if the loss or damage occurs, or is in progress, within the first 15 days of: (1) The inception of this Extension (unless on a new policy at its inception date, or requested to be added to a renewal policy prior to the renewal date); or (2) The effective date shown on the Declarations issued for any increase in the Limit of Insurance for this Extension, in which event the Limit of Insurance will revert back to the Limit of Insurance applicable prior to the increase. f. All other policy provisions applicable to the Building And Personal Property Coverage Form apply to this Extension, including the policy deductible amount. 4. Lock Replacement We will pay up to $1,000 in any one occurrence to replace locks necessitated by the theft of Covered Property or theft of keys. However, we will not pay until the cost to replace locks exceeds a deductible of $ Definitions The following definitions are added with respect to the above Extensions: a. Money means (1) Currency, coins and bank notes in current use and having a face value; and (2) Travelers checks, register checks and money orders held for sale to the public. b. Securities means negotiable and non-negotiable instruments or contracts representing either money or other property and includes: (1) Tokens, tickets, revenue and other stamps (whether represented by actual stamps or unused value in a meter) in current use; and (2) Evidences of debt issued in connection with credit or charge cards, which cards are not issued by you; but does not include money. CF-2025 (Ed ) Page 9 of 9