Community Association Underwriters of America, Inc.

Transcription

1 Community Association Underwriters of America, Inc. May 24, 2016 Liberty Park Homeowners Association, Inc. C/O Team Management, LLC P.O. Box Marietta, GA Re: Policy Date: June 01, 2016 CAU Account # Policy # CAU Dear, We are pleased to enclose the association s package policy which is written for a one year term. In addition, we are enclosing the association's Workers Compensation policy for review. We are also including a sample certificate of insurance for this association. The certificate includes basic policy coverage information. You may wish to use this in your resale packages or as a quick coverage reference. Unit owners requesting certificates of insurance should be directed to the CAU website at Simply click on Certificates of Insurance and follow the prompts. Certificates can also be ordered by calling and following the directions on the recording. Certificates can be ordered 24 hours a day, seven days a week. Please take a moment now to review the following items: To assist you with the communication of insurance information to the members of your community, you will find a Unit Owners Fact Sheet. This fact sheet includes a general description of the association s coverage, information about filing claims and instructions for ordering certificates of insurance. We recommend that this document be distributed to all of the unit owners in your community. The Environmental Impairment Liability brochure describes the type of protection provided by this coverage. Items we require from you are listed on the Needed Items document. Our Whom to Call directory provides the contact information for our accounting, claims and customer service representatives. The limits of liability chosen by the association were based upon considerations of cost and risk factors. Please notify us in writing if you desire any changes or increases in these limits. Please contact us if you have any questions regarding your policy or these documents. Thank you for choosing CAU as your insurance provider. Sincerely, Dawn Darvas Manager, Customer Service cc: James E. Lesher, CIRMS Enc. 2 Caufield Place - Newtown, PA Phone (267) Fax (267)

2 Liberty Park Homeowners Association, Inc. Needed Items Please forward the following items to us within 30 days: Firm date for when compliance will be met on recommendations that apply to Association owned property. Ed. 9/00 Account: 31846

3 Community Association Underwriters of America, Inc. CERTIFICATE OF INSURANCE REQUEST FORM To obtain a Certificate of Insurance, please complete the information below. Your request can be faxed to , ed to certs@cauinsure.com, or visit our website for processing at Requests are processed in a timely manner and mailed directly to the Mortgage Holder, unless forwarding instructions are provided below. ASSOCIATION/COMPLEX NAME: UNIT OWNER/SHAREHOLDER: (as they appear on mortgage loan, including middle names or initials) COMPLETE UNIT ADDRESS: (street name, unit #, city, state and zip code) MORTGAGE LOAN NUMBER: MORTGAGE/CERTIFICATE HOLDER: (as should appear on the Certificate of Insurance; including address) Company Name: Attention: Company Address: Phone Number: Forwarding instructions: Fax Number: Address: By providing CAU with a Fax Number and/or Address, you will be invoiced $30.00 for expedited service. ed 01/09 2 Caufield Place, Newtown, PA 18940

4 Liberty Park Homeowners Association, Inc. Welcome to Community Association Underwriters insurance program. This two-page fact sheet is designed to assist you in: Purchasing your own insurance Filing claims Ordering certificates of insurance Key information regarding the association s insurance policy: 1. The common elements, limited common elements and units are covered. 2. Units are covered based on original condominium plans and specifications. For example, fixtures, cabinets, floor coverings and appliances should be repaired or replaced with new items of like kind and quality to those originally installed. Upgrades are not covered. This includes, but is not limited to, upgraded carpeting, cabinets, appliances, wall coverings, finished basements, built-in bookshelves and other permanently installed fixtures. 3. The covered causes of loss include: fire, lightning, windstorm, hail, explosion, riot, aircraft and vehicle damage, smoke, vandalism, falling objects, weight of ice, snow or sleet, collapse, sudden and immediate water escape or overflow from plumbing or appliances, frozen pipes, and convector units. With regard to loss or damage by water to units; a $10,000 deductible will apply separately to each unit. 4. No coverage is provided for wear and tear, deterioration, damage by insects or animals, settling or cracking of foundation, walls, basements or roofs. There is no coverage for damage caused by continuous or repeated leakage or seepage from appliances or plumbing. This includes, but is not limited to, leaking from around the shower, bathtub, toilet or sink. These events are properly classified as maintenance items. Key information regarding unit owner s insurance needs: 1. You need a condominium owner s policy, also known as an HO-6, to pick up coverage for your personal property, furniture, additional living expenses (in the event your unit is uninhabitable due to a covered claim), all upgrades, improvements and betterments and personal liability. In older communities, it may be difficult to differentiate between the original specifications of your unit and subsequent improvements that were made. If original plans and specifications can not be determined, local builders grade is used to adjust a claim. In cases where you are uncertain about your needs, consult with your personal insurance agent about adding an estimated amount of insurance coverage to your HO-6 policy. Note: This fact sheet is intended to provide a brief summary of insurance issues. In all cases, the declarations, terms, conditions and exclusions of the actual policy will apply. Edition Date: 04/13 Account: Policy: Page 1 of 2

5 Liberty Park Homeowners Association, Inc. 2. The association insurance policy carries a deductible. In the event of a claim, the association may seek to recover the deductible from unit owners involved in the claim. Your obligation to pay the deductible may be offset by your HO-6 policy, subject to your own deductible, if you add building coverage. Ask your personal insurance agent. Claims If you have a claim, notify your association s management company or designated board member and your own homeowners insurance carrier. Claims that involve your personal property, furniture and upgrades must be submitted to your homeowners insurance carrier. Claim payments under this policy are made to your board of directors as insurance trustee. Certificates of Insurance Unit owners can request certificates of insurance by either: 1. Going to our web site at: Click the Certificate of Insurance button and follow the prompts. 2. Calling (267) to obtain a CAU Certificate of Insurance Request Form. Send the completed form to CAU in one of the following ways: Fax the CAU Certificate of Insurance Request Form to: (267) Mail the CAU Certificate of Insurance Request Form to: Certificate Department - CAU, 2 Caufield Place, Newtown, PA Web and faxed certificate of insurance requests are processed within 24 business hours. We appreciate your association s business, and we are committed to providing you and your community with prompt and professional service. If we can be of further assistance, please call our customer service department at Note: This fact sheet is intended to provide a brief summary of insurance issues. In all cases, the declarations, terms, conditions and exclusions of the actual policy will apply. Edition Date: 04/13 Account: Policy: Page 2 of 2

6 WHOM TO CALL Call us toll free at (800) or use our direct dial phone numbers. To expedite your call, please have your CAU account number or policy number available. YOUR CUSTOMER SERVICE CONTACT All service requests, such as change requests and coverage inquiries should be directed to our customer service representatives. Dawn Darvas To report a claim: Extension: 7149 Direct Dial: (267) ddarvas@cauinsure.com CLAIMS REPORTING Fax: (267) Go to our web site at: Click the Claims button for Claims Forms and reporting instructions. Direct Claims Direct Claims Fax: For general claims questions call: dclaims@cauinsure.com (267) (267) (267) All claims must be reported by a member of the association s board of directors or your property manager. CERTIFICATES OF INSURANCE Unit owners can obtain certificates of insurance by means of the following: 1. Go to our web site at: Click the Certificates of Insurance button and follow the prompts. 2. Complete the CAU Certificate of Insurance Request Form which can be found in your policy packet or call (267) for instructions on how to obtain this form. Send the completed form to CAU in one of the following ways: Fax the CAU Certificate of Insurance Request Form to: (267) Mail the CAU Certificate of Insurance Request Form to: Certificate Department CAU, 2 Caufield Place, Newtown, PA Online and faxed certificate of insurance requests are processed within 24 business hours. BILLING INQUIRIES All questions about your payment plan or invoices should be directed to our accounting department. Jane Hutchinson Patricia Williams Extension: 7123 Direct Dial: (267) jhutchinson@cauinsure.com Extension: 7122 Direct Dial: (267) pwilliams@cauinsure.com Fax: (267) Fax: (267) YOUR LOCAL OFFICE Please direct inquiries pertaining to new or renewal policies or additional coverage to your local office. James E. Lesher Phone: (800) jlesher@cauinsure.com Fax: (770) Edition Date: 02/14 Account: 31846

7 Member of the QBE Insurance Group Declarations Homeowners Association Policy POLICY PERIOD POLICY NUMBER: CAU FROM: 06/01/2016 TO: 06/01/2017 ANNUAL PREMIUM: $88, :01 A.M. Standard Time at your mailing address IN RETURN FOR THE PAYMENT OF THE PREMIUM, AND SUBJECT TO ALL THE TERMS OF THIS POLICY, WE AGREE WITH YOU TO PROVIDE THE INSURANCE STATED IN THIS POLICY. NAMED INSURED MAILING ADDRESS Liberty Park Homeowners Association, Inc. C/O Team Management, LLC P.O. Box Marietta, GA Directory of Declarations DECLARATIONS TITLE POLICY DECLARATIONS DESCRIPTION OF PREMISES DECLARATIONS PROPERTY DIRECT COVERAGES DECLARATIONS PROPERTY CONSEQUENTIAL COVERAGES DECLARATIONS PROPERTY ADDITIONAL CAUSES OF LOSS DECLARATIONS PROPERTY SUPPLEMENTARY PAYMENTS DECLARATIONS EARTHQUAKE AND VOLCANIC ERUPTION DECLARATIONS LIABILITY COVERAGE DECLARATIONS DIRECTORS AND OFFICERS LIABILITY COVERAGE DECLARATIONS ENVIRONMENTAL IMPAIRMENT LIABILITY COVERAGE DECLARATIONS AMENDATORY DECLARATIONS PAGE NO , Community Association Underwriters Of America 722 Holcomb Bridge Road Norcross, GA COUNTERSIGNED (DATE) BY (AUTHORIZED REPRESENTATIVE) Community Association Underwriters of America, Inc. 2 Caufield Place, Newtown, PA CAU /07 * * POLICY NUMBER: CAU /24/2016 Page 1 of 10

8 Description of Premises Declarations Coverage is provided for thirty three-story frame homeowners association buildings containing four hundred ten residential units. The premises is located at Liberty Court; Liberty Court; Liberty Court; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Parkway; Liberty Way; Liberty Way, Atlanta, Fulton County, GA INSURANCE TRUSTEE CAU /07 * * POLICY NUMBER: CAU /24/2016 Page 2 of 10

9 Property Coverage Declarations (#) WHERE SHOWN ON THE DECLARATIONS REFERS TO POLICY PAGE NUMBERS VALUATION (15) A/C A/C/V A/L/S A/V F/V MEANS ACTUAL COST (16) MEANS ACTUAL CASH VALUE (15) MEANS ACTUAL LOSS SUSTAINED (16) MEANS APPRAISED VALUE (16) MEANS FACE VALUE (16) G/R/C I/R/C M/V R/C MEANS GUARANTEED REPLACEMENT COST (15) MEANS INCREASED REPLACEMENT COST (15) MEANS MARKET VALUE (16) MEANS REPLACEMENT COST (15) PROPERTY DIRECT COVERAGES DECLARATIONS COVERAGE LIMIT OF INSURANCE VALUATION DEDUCTIBLE BUILDINGS AND STRUCTURES (1) RESIDENTIAL BUILDINGS (1) Guaranteed Replacement Cost G/R/C $10,000 OTHER BUILDINGS (1) Guaranteed Replacement Cost G/R/C $10,000 STRUCTURES (1) Guaranteed Replacement Cost G/R/C $10,000 UNITS (1) ORIGINAL SPECIFICATIONS (1) Guaranteed Replacement Cost G/R/C $10,000 ADDITIONAL INSTALLATIONS (1) NONE COMMUNITY PERSONAL PROPERTY (2) Guaranteed Replacement Cost G/R/C $10,000 STRUCTURAL GLASS AND SIGNS (2) Guaranteed Replacement Cost G/R/C $250 BRIDGES, BULKHEADS, DOCKS, PIERS, RETAINING WALLS, WHARVES (2) $10,000 R/C $500 SATELLITE DISHES AND ANTENNAS (2) $10,000 R/C $500 NATURAL PROPERTY (2) Maximum per tree, plant, shrub or lawn $10,000 $500 R/C R/C NEWLY ACQUIRED OR CONSTRUCTED PROPERTY (2) NEWLY ACQUIRED BUILDINGS AND STRUCTURES (2) $250,000 R/C $10,000 NEWLY CONSTRUCTED BUILDINGS AND STRUCTURES (2) $250,000 R/C $10,000 CAU /07 * * POLICY NUMBER: CAU /24/2016 Page 3 of 10

10 Property Coverage Declarations (#) WHERE SHOWN ON THE DECLARATIONS REFERS TO POLICY PAGE NUMBERS VALUATION (15) A/C A/C/V A/L/S A/V F/V MEANS ACTUAL COST (16) MEANS ACTUAL CASH VALUE (15) MEANS ACTUAL LOSS SUSTAINED (16) MEANS APPRAISED VALUE (16) MEANS FACE VALUE (16) G/R/C I/R/C M/V R/C MEANS GUARANTEED REPLACEMENT COST (15) MEANS INCREASED REPLACEMENT COST (15) MEANS MARKET VALUE (16) MEANS REPLACEMENT COST (15) PROPERTY DIRECT COVERAGES DECLARATIONS COVERAGE LIMIT OF INSURANCE VALUATION DEDUCTIBLE NEWLY ACQUIRED COMMUNITY PERSONAL PROPERTY (2) $250,000 R/C $10,000 MONEY AND SECURITIES (3) $15,000 F/V, M/V COMPUTER EQUIPMENT, MEDIA AND SUPPLIES (3) $25,000 R/C $500 PAPERS, RECEIVABLES AND RECORDS (3) $10,000 A/C FINE ARTS (3) $15,000 A/V $500 PERSONAL EFFECTS (3) Per Person Per Occurrence $5,000 $15,000 A/C/V A/C/V PERSONAL PROPERTY OF OTHERS (3) Per Person Per Occurrence $5,000 $15,000 A/C/V A/C/V ELEVATOR COLLISION (3) $100,000 R/C OFF PREMISES (3) $25,000 R/C $10,000 IN TRANSIT (3) $25,000 R/C $10,000 RATABLE LIMIT (56) $54,175,000 CAU /07 * * POLICY NUMBER: CAU /24/2016 Page 4 of 10

11 Property Coverage Declarations (#) WHERE SHOWN ON THE DECLARATIONS REFERS TO POLICY PAGE NUMBERS VALUATION (15) A/C A/C/V A/L/S A/V F/V MEANS ACTUAL COST (16) MEANS ACTUAL CASH VALUE (15) MEANS ACTUAL LOSS SUSTAINED (16) MEANS APPRAISED VALUE (16) MEANS FACE VALUE (16) G/R/C I/R/C M/V R/C MEANS GUARANTEED REPLACEMENT COST (15) MEANS INCREASED REPLACEMENT COST (15) MEANS MARKET VALUE (16) MEANS REPLACEMENT COST (15) PROPERTY CONSEQUENTIAL COVERAGE DECLARATIONS COVERAGE LIMIT OF INSURANCE VALUATION DEDUCTIBLE MAINTENANCE FEES AND ASSESSMENTS (4) FULL A/L/S COMMUNITY INCOME (4) FULL A/L/S EXTRA EXPENSE (4) FULL A/C ACCOUNTS RECEIVABLE EXPENSES (4) FULL A/L/S MEDIA COSTS (4) $25,000 A/C VALUABLE PAPERS AND RECORDS COSTS (4) $25,000 A/C ORDINANCE OR LAW COVERAGE (5) COVERAGE FOR LOSS TO THE UNDAMAGED PORTION OF THE BUILDING (5) Guaranteed Replacement Cost G/R/C $10,000 DEMOLITION COST COVERAGE (5) $250,000 A/C $10,000 INCREASED COST OF CONSTRUCTION COVERAGE (5) $250,000 I/R/C $10,000 INCREASED PERIOD OF RESTORATION COVERAGE (5) FULL A/L/S, A/C REMOVAL COVERAGES (5) DEBRIS REMOVAL (5) $250,000 A/C PROPERTY REMOVAL (5) $250,000 R/C REMOVAL OF FALLEN TREES (5) Maximum per tree, plant, shrub or lawn $10,000 $500 R/C R/C CAU /07 * * POLICY NUMBER: CAU /24/2016 Page 5 of 10

12 Property Coverage Declarations (#) WHERE SHOWN ON THE DECLARATIONS REFERS TO POLICY PAGE NUMBERS VALUATION (15) A/C A/C/V A/L/S A/V F/V MEANS ACTUAL COST (16) MEANS ACTUAL CASH VALUE (15) MEANS ACTUAL LOSS SUSTAINED (16) MEANS APPRAISED VALUE (16) MEANS FACE VALUE (16) G/R/C I/R/C M/V R/C MEANS GUARANTEED REPLACEMENT COST (15) MEANS INCREASED REPLACEMENT COST (15) MEANS MARKET VALUE (16) MEANS REPLACEMENT COST (15) PROPERTY ADDITIONAL CAUSES OF LOSS COVERAGE DECLARATIONS COVERAGE LIMIT OF INSURANCE VALUATION DEDUCTIBLE WORLDWIDE CRIME COVERAGES (11) EMPLOYEE DISHONESTY (11) $900,000 A/L/S COMPUTER FRAUD (11) $50,000 A/C DEPOSITORS FORGERY (11) $50,000 A/C PROPERTY SUPPLEMENTARY PAYMENTS DECLARATIONS COVERAGE LIMIT OF INSURANCE VALUATION DEDUCTIBLE ARSON, VANDALISM, AND DELIBERATE AND MALICIOUS ACTS REWARD (11) $5,000 10% of Paid Claim FIRE DEPARTMENT SERVICE CHARGES (11) $10,000 A/C FIRE EXTINGUISHER RECHARGE (11) $1,000 A/C POLLUTANT CLEAN UP AND REMOVAL (11) $25,000 Per 12 month Period A/C EARTHQUAKE AND VOLCANIC ERUPTION DECLARATIONS (#) WHERE SHOWN ON THE DECLARATIONS REFERS TO EARTHQUAKE AND VOLCANIC ERUPTION COVERAGE PART PAGE NUMBERS COVERAGE LIMIT OF INSURANCE VALUATION DEDUCTIBLE EARTHQUAKE AND VOLCANIC ERUPTION (1) See Form CAU 2302 Earthquake and "Volcanic Eruption" Coverage CAU /07 * * POLICY NUMBER: CAU /24/2016 Page 6 of 10

13 Liability Coverage Declarations (#) WHERE SHOWN ON THE DECLARATIONS REFERS TO POLICY PAGE NUMBERS COVERAGE BODILY INJURY AND PROPERTY DAMAGE (20) LIMIT OF INSURANCE $1,000,000 TYPE OF LIMIT OCCURRENCE PERSONAL INJURY AND ADVERTISING INJURY (20) $1,000,000 OFFENSE HIRED AUTO AND NONOWNED AUTO (20) $1,000,000 OCCURRENCE PROPERTY DAMAGE LEGAL LIABILITY - REAL PROPERTY (21) $1,000,000 OCCURRENCE GARAGE AND PARKING AREA LEGAL LIABILITY (21) DEDUCTIBLE Comprehensive Coverage (21) Collision Coverage (21) $500 $500 $25,000 $25,000 OCCURRENCE OCCURRENCE MEDICAL PAYMENTS (21) $5,000 OCCURRENCE PRODUCTS/COMPLETED OPERATIONS (36) $1,000,000 AGGREGATE EMPLOYERS LIABILITY (36) Coverage is provided on excess basis only $1,000,000 AGGREGATE SCHEDULE OF UNDERLYING INSURANCE UNDERLYING INSURER EMPLOYERS LIABILITY EFFECTIVE DATES POLICY NUMBER LIMITS OF INSURANCE Bodily Injury by Accident Bodily Injury by Disease Each Accident Policy Limit Each Employee AUTO Bodily Injury Each Person OWNED AUTO HIRED AUTO NONOWNED AUTO OTHER Property Damage Combined Single Limit Each Accident Each Accident Each Accident General Aggregate Products - Completed Operations Aggregate Personal and Advertising Injury Each Occurrence CAU /07 * * POLICY NUMBER: CAU /24/2016 Page 7 of 10

14 Declarations (#) WHERE SHOWN ON THE DECLARATIONS REFERS TO POLICY PAGE NUMBERS Directors & Officers Liability Coverage THIS COVERAGE PART PROVIDES CLAIMS MADE COVERAGE COVERAGE LIMIT OF INSURANCE ERRORS AND OMISSIONS INSURANCE (38) EACH LOSS (38) EACH POLICY YEAR (42) RETAINED LIMIT (42) $1,000,000 $1,000,000 NONE RETROACTIVE DATE (38) This insurance does not apply to loss from wrongful acts which took place before the Retroactive Date, if any, shown below: RETROACTIVE DATE: NONE (Enter Date or None if no Retroactive Date applies) OPTIONAL EXTENDED REPORTING PERIOD (42) The premium for the Optional Extended Reporting Period is: $2,534 CAU /07 * * POLICY NUMBER: CAU /24/2016 Page 8 of 10

15 Environmental Impairment Liability Coverage Declarations (#) WHERE SHOWN ON THE DECLARATIONS REFERS TO ENVIRONMENTAL IMPAIRMENT LIABILITY COVERAGE PART PAGE NUMBERS THIS COVERAGE PART PROVIDES CLAIMS MADE COVERAGE COVERAGE LIMIT OF INSURANCE ENVIRONMENTAL IMPAIRMENT LIABILITY INSURANCE (1) EACH LOSS (7) EACH POLICY YEAR (6) RETAINED LIMIT (4) (Applicable to each loss ) $500,000 $500,000 $5,000 RETROACTIVE DATE (5) This insurance does not apply to loss which takes place before the Retroactive Date, if any, shown below: RETROACTIVE DATE: NONE (Enter Date or None if no Retroactive Date applies) OPTIONAL EXTENDED REPORTING PERIOD: one year from the expiration date of the policy period (4) The premium for the Optional Extended Reporting Period is: $1,689 OTHER SCHEDULES & ENDORSEMENTS: NOTICE Any emergency arising out of pollution conditions covered by this Coverage Part should be reported immediately to the OnCall 24 hour hotline at , administered by XL Catlin. CAU /07 * * POLICY NUMBER: CAU /24/2016 Page 9 of 10

16 Amendatory Declarations (#) WHERE SHOWN ON THE DECLARATIONS REFERS TO POLICY PAGE NUMBERS FORM NUMBER CAU 1020 CAU 1101 CAU 1130 CAU 1145 CAU 1148 CAU 1169 CAU 1180 CAU 1211 CAU 1285 FORM TITLE Homeowners Association Policy Signature Page Employee Dishonesty - Property Manager Per "Unit" Water Deductible Per "Unit" Sprinkler Leakage Deductible Per "Unit" Sewer Backup Deductible Property Manager Directors and Officers Georgia Changes - Amendatory Endorsement Disclosure Notice to Policyholders - Georgia EDITION DATE 07/01 12/12 07/01 07/01 07/01 07/01 07/01 02/14 07/02 CAU 1700 GA "Fungus," Wet Rot and Dry Rot Coverage 07/02 CAU 1930 Cap on Losses from "Certified Acts of Terrorism" 01/15 CAU 1985 Disclosure Pursuant to Terrorism Risk Insurance Act 01/15 CAU 1990 Nuclear, Biological, Chemical and Radiological Hazards Exclusion 08/15 CAU 1999 Exclusion of Certain Computer Related Losses 07/01 CAU 2200 Environmental Impairment Liability Coverage Part 07/01 CAU 2300 Earthquake and "Volcanic Eruption" Coverage Part 08/13 CAU 2302 Earthquake and "Volcanic Eruption" Coverage Declarations 08/13 CAU /07 * * POLICY NUMBER: CAU /24/2016 Page 10 of 10

17 Earthquake and Volcanic Eruption Coverage Declarations EARTHQUAKE AND VOLCANIC ERUPTION PROPERTY DIRECT COVERAGES DECLARATIONS COVERAGE ANNUAL AGGREGATE LIMIT OF INSURANCE VALUATION DEDUCTIBLE BUILDINGS AND UNITS, COMMUNITY PERSONAL PROPERTY BUILDINGS AND UNITS $54,175,000 R/C 5% OF EACH BUILDING(S) REPLACEMENT COST VALUE COMMUNITY PERSONAL PROPERTY INCLUDED IN BUILDINGS AND UNITS LIMIT R/C 5% OF REPLACEMENT COST VALUE EARTHQUAKE AND VOLCANIC ERUPTION CONSEQUENTIAL COVERAGE DECLARATIONS COVERAGE MAINTENANCE FEES AND ASSESSMENTS COMMUNITY INCOME EXTRA EXPENSE ACCOUNTS RECEIVABLE EXPENSES LIMIT OF INSURANCE INCLUDED IN BUILDINGS AND UNITS LIMIT INCLUDED IN BUILDINGS AND UNITS LIMIT INCLUDED IN BUILDINGS AND UNITS LIMIT INCLUDED IN BUILDINGS AND UNITS LIMIT VALUATION A/L/S A/L/S A/C A/L/S ORDINANCE OR LAW COVERAGE COVERAGE FOR LOSS TO THE UNDAMAGED PORTION OF THE BUILDING DEMOLITION COST COVERAGE INCLUDED IN BUILDINGS AND UNITS LIMIT INCLUDED IN BUILDINGS AND UNITS LIMIT R/C A/C INCREASED COST OF CONSTRUCTION COVERAGE INCLUDED IN BUILDINGS AND UNITS LIMIT I/R/C REMOVAL COVERAGES DEBRIS REMOVAL PROPERTY REMOVAL INCLUDED IN BUILDINGS AND UNITS LIMIT INCLUDED IN BUILDINGS AND UNITS LIMIT A/C R/C CAU /13 Page 1 of 1

18 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This signature page replaces the Signature Page which is a part of the following policies: CAU 1000 Condominium Association Insurance Policy CAU 1010 Cooperative Apartment Insurance Policy CAU 1020 Homeowners Association Insurance Policy CAU 1030 Office Condominium Association Insurance Policy SIGNATURE PAGE YOUR COMPLETE POLICY CONSISTS OF THE POLICY JACKET WITH THE COVERAGE FORM, DECLARATIONS AND ENDORSEMENTS, IF ANY. In Witness Whereof, QBE Insurance Corporation has caused this policy to be executed and attested, and, if required by state law, this policy shall not be valid unless countersigned by a duly authorized representative of QBE Insurance Corporation. Bob James President Jose Ramon Gonzalez Secretary QBE INSURANCE CORPORATION A Stock Company Home Office c/o CT Corporation System 116 Pine Street, Suite 320 Harrisburg, Pennsylvania Administrative Office 88 Pine Street Wall Street Plaza New York, New York CAU /12 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 1 of 1

19 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. Employee Dishonesty - Property Manager This endorsement modifies insurance provided by the Property Coverage Part of the following: CONDOMINIUM POLICY COOPERATIVE APARTMENT POLICY HOMEOWNERS ASSOCIATION POLICY OFFICE CONDOMINIUM POLICY Definition 15. "Covered Employee" (PROPERTY) of XXVIII. DEFINITIONS SECTION is replaced by: 15. "Covered Employee" (PROPERTY) means: a. Any natural person: (1) While in your service (and for 30 days after termination of service); and (2) Whom you compensate directly by salary, wages or commissions; and (3) Whom you have the right to direct and control while performing services for you; or b. Any natural person employed by an employment contractor while that person is subject to your direction and control and performing services for you. However, any such person is excluded while having care and custody of property outside the "premises." c. Any natural person who is a duly elected or appointed director, trustee, officer, committee volunteer or member, whether salaried or not, and any other person acting on behalf or at the direction of an officer or board of directors of your Association with the exception of the developer when acting in a capacity as the developer. d. Any natural person or any organization while acting as your real estate manager. But covered employee does not include any employee, director, officer, board member, or real estate manager immediately upon discovery by you or any of your officers and directors not in collusion with the employee, director, officer, board member, or real estate manager of any dishonest act committed by that employee, director, officer, board member, or real estate manager, whether before or after being hired or appointed by you. CAU /01 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 1 of 1

20 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. Per "Unit" Water Deductible This endorsement modifies insurance provided by the Property Coverage Part of the following: CONDOMINIUM POLICY COOPERATIVE APARTMENT POLICY HOMEOWNERS ASSOCIATION POLICY OFFICE CONDOMINIUM POLICY VI. PROPERTY CONDITIONS SECTION, K. DEDUCTIBLE, 2. PER "UNIT" ICE DAMMING is deleted and replaced by the following: 2. PER "UNIT" WATER DEDUCTIBLE With regard to loss or damage by water to I.A.2. "UNITS," we will apply the deductible shown in the "Declarations" separately to each "unit" that sustains water damage. CAU /01 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 1 of 1

21 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. Per "Unit" Sprinkler Leakage Deductible This endorsement modifies insurance provided by the Property Coverage Part of the following: CONDOMINIUM POLICY COOPERATIVE APARTMENT POLICY HOMEOWNERS ASSOCIATION POLICY OFFICE CONDOMINIUM POLICY VI. PROPERTY CONDITIONS SECTION, K. DEDUCTIBLE, is amended to include the following per "unit" sprinkler leakage deductible: $10,000, this deductible will be applied separately to each "unit" when the loss or damage is caused by sprinkler leakage and is the only cause of loss or damage. Otherwise, the applicable deductible shown in the "Declarations" applies. Sprinkler leakage means leakage, discharge or freezing of any substance from an automatic sprinkler system or fire protective system, including the collapse of a tank that is part of the system. CAU /01 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 1 of 1

22 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. Per "Unit" Sewer Backup Deductible This endorsement modifies insurance provided by the Property Coverage Part of the following: CONDOMINIUM POLICY COOPERATIVE APARTMENT POLICY HOMEOWNERS ASSOCIATION POLICY OFFICE CONDOMINIUM POLICY VI. PROPERTY CONDITIONS SECTION, K. DEDUCTIBLE, is amended to include the following per "unit" sewer backup deductible: $10,000, this deductible will be applied separately to each "unit" that sustains damage when the loss or damage is caused by water that backs up from a sewer or drain and is the only cause of loss or damage, otherwise the applicable deductible shown in the "Declarations" applies. CAU /01 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 1 of 1

23 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. Property Manager Directors and Officers This endorsement modifies insurance provided by the Directors and Officers Liability Coverage Part under the following: CONDOMINIUM POLICY COOPERATIVE APARTMENT POLICY HOMEOWNERS ASSOCIATION POLICY OFFICE CONDOMINIUM POLICY The following is added to A., XXIII. DIRECTORS AND OFFICERS LIABILITY WHO IS AN INSURED SECTION: Any person or organization acting as real estate property manager for the Named Insured while performing real estate management duties for the Named Insured, but only with respect to liability for "wrongful acts" committed at the express direction of the Named Insured. However, your real estate property manager is not an insured for claims or "suits" brought against them by you. B.2. under XXIII. DIRECTORS AND OFFICERS LIABILITY WHO IS AN INSURED SECTION is hereby deleted. CAU /01 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 1 of 1

24 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. Georgia Changes - Amendatory Endorsement This endorsement modifies insurance provided under the following: CONDOMINIUM POLICY COOPERATIVE APARTMENT POLICY HOMEOWNERS ASSOCIATION POLICY OFFICE CONDOMINIUM POLICY A. XXVII. COMMON POLICY CONDITIONS SECTION is amended as follows: (i) A. CANCELLATION 1. is deleted and replaced by the following: 1. The first Named Insured shown in the Declarations may cancel this policy by mailing or delivering to us advance written notice of cancellation stating a future date on which the policy is to be cancelled, subject to the following: a. If only the interest of the first Named Insured is affected, the effective date of cancellation will be either the date we receive notice from the first Named Insured or the date specified in the notice, whichever is later. However, upon receiving a written notice of cancellation from the first Named Insured, we may waive the requirement that the notice state the future date of cancellation, by confirming the date and time of cancellation in writing to the first Named Insured. b. If by statute, regulation or contract this policy may not be cancelled unless notice is given to a governmental agency, mortgagee or other third party, we will mail or deliver at least 10 days notice to the first Named Insured and the third party as soon as practicable after receiving the first Named Insured s request for cancellation. Our notice will state the effective date of cancellation, which will be the later of the following: (1) 10 days from the date of mailing or delivering our notice, or (2) The effective date of cancellation stated in the first Named Insured s notice to us. (ii) A. CANCELLATION 2. is deleted and replaced by the following: 2.a.CANCELLATION OF POLICIES IN EFFECT 60 DAYS OR LESS We may cancel this policy by mailing or delivering to the first Named Insured written notice of cancellation at least 10 days before the effective date of cancellation. b. CANCELLATION OF POLICIES IN EFFECT FOR 60 DAYS OR MORE We may cancel this policy by mailing or delivering to the first Named Insured written notice of cancellation at least: (1) 10 days before the effective date of cancellation if we cancel for nonpayment of premium; or (2) 45 days before the effective date of cancellation if we cancel for any other reason. (iii) A. CANCELLATION 6. is deleted and replaced by the following: 6. If notice of cancellation is mailed, a receipt provided by, or such other evidence of mailing as prescribed or accepted by, the U.S. Postal Service will be sufficient proof of notice. (iv) B. NONRENEWAL is deleted and replaced by the following: B. NONRENEWAL AND CONDITIONAL RENEWAL 1. NONRENEWAL CAU /14 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 1 of 2

25 If we decide not to renew this policy we will send notice as provided in 3. below. The first Named Insured may nonrenew this policy by mailing or delivering to us advance written notice of nonrenewal. 2. CONDITIONAL RENEWAL If we decide to condition renewal of this policy upon: a. Increased premiums in excess of 15%; other than any increase due to change in risk, exposure or experience modification or resulting from an audit of auditable coverages; or b. Change in any policy provision which would limit or restrict coverage; we will send notice as provided in 3. below. 3. NOTICES OF NONRENEWAL AND CONDITIONAL RENEWAL a. If we decide not to renew this policy, or to conditionally renew this policy as provided in 1. and 2. above, we will mail or deliver written notice to the first Named Insured at least 45 days before the anniversary date or policy expiration date. b. We will mail or deliver our notice to the first Named Insured s last mailing address known to us. c. If notice of cancellation is mailed, a receipt provided by, or such other evidence of mailing as prescribed or accepted by, the U.S. Postal Service will be sufficient proof of notice. B. The following is added to VI. PROPERTY CONDITIONS SECTION, O. LOSS PAYMENT, 4: We will not pay for any actual or perceived reduction in the market value of any property. CAU /14 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 2 of 2

26 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. Disclosure Notice to Policyholders - Georgia You should read your policy exclusions including the endorsements referenced below and review your declaration pages for complete information on the coverages you are provided. If there is any conflict between the policy and this notification, THE PROVISIONS OF THE POLICY SHALL PREVAIL. This policy contains rot, mold and mildew or other fungi exclusions. These exclusions are applicable to the LIABILITY COVERAGE PART, DIRECTORS AND OFFICERS LIABILITY COVERAGE PART, EMPLOYEE BENEFITS LIABILITY COVERAGE PART and ENVIRONMENTAL IMPAIRMENT LIABILITY COVERAGE PART. "Fungus," Wet Rot and Dry Rot Coverage, CAU 1700 GA 07/02 This endorsement contains limited coverage and exclusions for fungus, wet rot and dry rot applicable to the PROPERTY COVERAGE PART. I understand that the policy includes the exclusions referenced above: Signed Title Date CAU /02 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 1 of 1

27 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. "Fungus," Wet Rot and Dry Rot Coverage This endorsement modifies insurance provided by the Property Coverage Part of the following: CONDOMINIUM POLICY COOPERATIVE APARTMENT POLICY HOMEOWNERS ASSOCIATION POLICY OFFICE CONDOMINIUM POLICY A. The following is added to III.B. EXCLUSIONS, 1.: g. "FUNGUS," WET ROT AND DRY ROT Presence, growth, proliferation, spread, or any activity of "fungus" or wet or dry rot. However, if "fungus" or wet or dry rot results in a "Specified Causes of Loss," we will pay for the loss or damage caused by that "specified cause of loss." However, this exclusion does not apply when "fungus" or wet or dry rot results from fire or lighting. Except as provided under IV.C. "FUNGUS," WET ROT AND DRY ROT COVERAGE. B. III.B. EXCLUSIONS, 2. is amended as follows: (i) (ii) Exclusion b.(5) is deleted. The following exclusion is added: g. NEGLECT OF AN INSURED Neglect of an insured to use all reasonable means to save and preserve property from further damage at and after the time of loss. C. The following is added to IV. PROPERTY ADDITIONAL COVERED CAUSES OF LOSS SECTION: C. "FUNGUS," WET ROT AND DRY ROT COVERAGE 1. We will pay for loss or damage by "fungus" or wet or dry rot. As used in this endorsement, the term loss or damage means: a. Direct physical loss or damage to "covered property" caused by "fungus" or wet or dry rot, including the cost of removal of the "fungus" or wet or dry rot; b. The cost to tear out and replace any part of the building or other property as needed to gain access to the "fungus" or wet or dry rot; and c. The cost of testing performed after removal, repair, replacement or restoration of the damaged property is completed, provided there is a reason to believe that "fungus" or wet or dry rot are present. The coverage described above is limited to $15,000. Regardless of the number of claims, this limit is the most we will pay for the total of all loss or damage arising out of all occurrences of COVERED CAUSE OF LOSS, other than fire, lightning, falling objects or windstorm, which take place in a 12 month period (starting with the beginning of the present annual policy period). With respect to a particular occurrence of loss which results in "fungus" or wet or dry rot, we will not pay more than a total of $15,000 even if the "fungus" or wet or dry rot continues to be present or active, or recurs in a later policy period. CAU 1700 GA 07/02 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 1 of 2

28 2. The following provisions a. or b. applies only if II.A. MAINTENANCE FEES, B. COMMUNITY INCOME or C. EXTRA EXPENSE coverage applies to the "premises" and only if the suspension of operations satisfies all terms and conditions of the applicable II.A. MAINTENANCE FEES, B. COMMUNITY INCOME or C. EXTRA EXPENSE coverage. a. If the loss which resulted in "fungus" or wet or dry rot does not in itself necessitate a suspension of operations, but such suspension is necessary due to loss or damage to property caused by "fungus" or wet or dry rot, then our payment under II.A. MAINTENANCE FEES, B. COMMUNITY INCOME or C. EXTRA EXPENSE is limited to the amount of loss and expense sustained in a period of not more than 30 days. The days do not need to be consecutive. b. If a covered suspension of operations was caused by loss or damage other than "fungus" or wet or dry rot but remediation of "fungus" or wet or dry rot prolongs the "period of restoration," we will pay for loss and expense sustained during the delay, regardless of when such a delay occurs during the "period of restoration," but such coverage is limited to 30 days. The days do not need to be consecutive. 3. The coverage described in provisions 1. and 2. above only applies when the "fungus" or wet or dry rot is the result of one or more COVERED CAUSE OF LOSS other than fire or lightning that occurs during the "policy period" and only if all reasonable means were used to save and preserve the property from further reasonably foreseeable damage at the time of and after that occurrence. We will pay only for such loss or damage as described in provision 1.a. above that: a. results within 96 consecutive hours of one or more COVERED CAUSE OF LOSS other than fire or lightning that occurs during the "policy period" and b. is reported to us within seven consecutive days of one or more COVERED CAUSE OF LOSS other than fire or lightning that occurs during the "policy period." 4. The coverage provided under this endorsement does not increase the applicable limit of insurance on any "covered property." If a particular occurrence results in loss or damage by "fungus" or wet or dry rot, and other loss or damage, we will not pay more for the total of all loss or damage, than the applicable limit of insurance on the affected "covered property." If there is covered loss or damage to "covered property," not caused by "fungus" or wet or dry rot, loss payment will not be limited by the terms of this endorsement except to the extent that "fungus" or wet or dry rot causes an increase in the loss. Any such increase in loss will be subject to the terms of this endorsement. D. The following definition is added to XXVIII. DEFINITIONS: "Fungus" (PROPERTY) means any type or form of fungus or bacteria, including mold or mildew and any mycotoxins, spores, scents or byproducts produced or released by fungi or bacteria. CAU 1700 GA 07/02 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 2 of 2

29 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. Cap on Losses from Certified Acts of Terrorism This endorsement modifies insurance provided by the following policies: CONDOMINIUM ASSOCIATION INSURANCE POLICY COOPERATIVE APARTMENT INSURANCE POLICY HOMEOWNERS ASSOCIATION INSURANCE POLICY OFFICE CONDOMINIUM ASSOCIATION INSURANCE POLICY A. The following is applicable to the PROPERTY COVERAGE PART: 1. CAP ON CERTIFIED TERRORISM LOSSES With respect to any one or more certified acts of terrorism under the federal Terrorism Risk Insurance Act we will not pay any amounts for which we are not responsible under the terms of that Act (including subsequent action of Congress pursuant to the Act) due to the application of any clause which results in a cap on our liability for payments for terrorism losses. 2. APPLICATION OF OTHER EXCLUSIONS The terms and limitations of any terrorism exclusion, or the inapplicability or omission of a terrorism exclusion, do not serve to create coverage for any loss which would otherwise be excluded under this Property Coverage Part, such as losses excluded by the III.B.1.d. NUCLEAR HAZARD exclusion, III.B.1.e. WAR AND MILITARY ACTION exclusion or III.B.2.e. POLLUTION exclusion. B. The following is applicable to the LIABILITY COVERAGE PART, DIRECTORS AND OFFICERS LIABILITY COVERAGE PART, EMPLOYEE BENEFITS LIABILITY COVERAGE PART and ENVIRONMENTAL IMPAIRMENT LIABILITY COVERAGE PART: 1. CAP ON CERTIFIED TERRORISM LOSSES With respect to any one or more certified acts of terrorism under the federal Terrorism Risk Insurance Act, we will not pay any amounts for which we are not responsible under the terms of that Act (including subsequent action of Congress pursuant to the Act) due to the application of any clause which results in a cap on our liability for payments for terrorism losses. 2. APPLICATION OF OTHER EXCLUSIONS The terms and limitations of any terrorism exclusion, or the inapplicability or omission of a terrorism exclusion, do not serve to create coverage for any loss which would otherwise be excluded under these Coverage Parts, such as losses excluded by the WAR exclusion, HOSTILE ACTS exclusion, NUCLEAR ENERGY exclusion, NUCLEAR HAZARD exclusion or the POLLUTION exclusion. C. The following definition is added to XXVIII. DEFINITIONS SECTION: Certified act of terrorism (PROPERTY, LIABILITY, DIRECTORS AND OFFICERS LIABILITY, EMPLOYEE BENEFITS LIABILITY, and ENVIRONMENTAL IMPAIRMENT LIABILITY) means an act that is certified by the Secretary of the Treasury in accordance with the provisions of the federal Terrorism Risk Insurance Act, to be an act of terrorism pursuant to such Act. The criteria contained in that Act for a certified act of terrorism include the following: 1. The act resulted in insured losses in excess of $5 million in the aggregate, attributable to all types of insurance subject to the Terrorism Risk Insurance Act; and 2. The act is a violent act or an act that is dangerous to human life, property or infrastructure and is committed by an individual or individuals, as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion. CAU /15 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 1 of 2

30 D. If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a calendar year and we have met our insurer deductible under the Terrorism Risk Insurance Act, we shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. CAU /15 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 2 of 2

31 THIS ENDORSEMENT IS ATTACHED TO AND MADE PART OF YOUR POLICY IN RESPONSE TO THE DISCLOSURE REQUIREMENTS OF THE TERRORISM RISK INSURANCE ACT. THIS ENDORSEMENT DOES NOT GRANT ANY COVERAGE OR CHANGE THE TERMS AND CONDITIONS OF ANY COVERAGE UNDER THE POLICY. Disclosure Pursuant to Terrorism Risk Insurance Act This endorsement modifies insurance provided by the following policies: CONDOMINIUM ASSOCIATION INSURANCE POLICY COOPERATIVE APARTMENT INSURANCE POLICY HOMEOWNERS ASSOCIATION INSURANCE POLICY OFFICE CONDOMINIUM ASSOCIATION INSURANCE POLICY This policy includes coverage for Certified Acts of Terrorism. Please refer to the applicable charge below. Terrorism (Certified Acts) SCHEDULE PREMIUM $2,592 Federal share of terrorism losses 84% Year 2016 Federal share of terrorism losses 83% Year 2017 A. DISCLOSURE OF PREMIUM In accordance with the federal Terrorism Risk Insurance Act, we are required to provide you with a notice disclosing the portion of your premium, if any, attributable to coverage for terrorist acts certified under that Act. The portion of your premium attributable to such coverage is shown in the Schedule of this endorsement or in the policy Declarations. B. DISCLOSURE OF FEDERAL PARTICIPATION IN PAYMENT OF TERRORISM LOSSES The United States Government, Department of the Treasury, will pay a share of terrorism losses insured under the federal program. The federal share equals a percentage, as shown in the Schedule above, of that portion of the amount of such insured losses that exceeds the applicable insurer retention. However, if aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a calendar year the Treasury shall not make any payment for any portion of the amount of such losses that exceeds $100 billion. C. CAP ON INSURER PARTICIPATION IN PAYMENT OF TERRORISM LOSSES If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a calendar year and we have met our insurer deductible under the Terrorism Risk Insurance Act, we shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. D. ADDITIONAL OR RETURN PREMIUM The premium for certified acts of terrorism coverage is calculated based in part on the federal participation in payment of terrorism losses as set forth in the Terrorism Risk Insurance Act. The federal program established by the Act is scheduled to terminate December 31, 2020, unless extended by the federal government. If the federal program terminates or if the level or terms of federal participation change, the estimated premium shown in the Schedule may not be appropriate. CAU /15 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 1 of 2

32 If this policy contains a Conditional Exclusion, continuation of coverage for certified acts of terrorism, or termination of such coverage, will be determined upon disposition of the federal program, subject to the terms and conditions of the Conditional Exclusion. If this policy does not contain a Conditional Exclusion, coverage for certified acts of terrorism will continue. In either case, when disposition of the federal program is determined, we will recalculate the premium shown in the Schedule and will charge additional premium or refund excess premium, if indicated. If we notify you of an additional premium charge, the additional premium will be due as specified in such notice. CAU /15 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 2 of 2

33 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. NUCLEAR, BIOLOGICAL, CHEMICAL AND RADIOLOGICAL HAZARDS EXCLUSION This endorsement modifies insurance provided under the following: CONDOMINIUM ASSOCIATION INSURANCE POLICY COOPERATIVE APARTMENT INSURANCE POLICY HOMEOWNERS ASSOCIATION INSURANCE POLICY OFFICE CONDOMINIUM ASSOCIATION INSURANCE POLICY I. We will not pay for any loss, damage, cost or expense, whether real or alleged, that is caused, results from, is exacerbated by or otherwise impacted by, either directly or indirectly, any of the following: This coverage does not apply to insurance provided under Business Income, Rental Value or Extra Expense coverage forms or endorsements that apply to those coverage forms. 1) Nuclear Hazard including, but not limited to, nuclear reaction, nuclear detonation, nuclear radiation, radioactive contamination and all agents, materials, products or substances, whether engineered or naturally occurring, involved therein or released thereby; All other terms and conditions of this policy remain unchanged. 2) Biological Hazard including, but not limited to, any biological and/or poisonous or pathogenic agent, material, product or substance, whether engineered or naturally occurring, that induces or is capable of inducing physical distress, illness, or disease; 3) Chemical Hazard including, but not limited to, any chemical agent, material, product or substance; 4) Radioactive Hazard including, but not limited to, any electromagnetic, optical, or ionizing radiation or energy, including all generators and emitters thereof, whether engineered or naturally occurring. II. The provisions of subparagraphs I. 2) and I. 3) will not apply where the agent, material, product or substance at issue is utilized in the course of business by an insured. III. Only if and to the extent required by state law, the following exception to the exclusion in paragraph I. applies: If a hazard excluded under paragraph I. results in fire, we will pay for the loss, damage, cost or expense caused by that fire, subject to all applicable policy provisions including the Limit of Insurance on the affected property. Such coverage for fire applies only to direct loss or damage by fire to Covered Property. CAU /15 Includes copyrighted material of Insurance Services Office, Inc. with its permission Page 1 of 1