GeoTest Services Inc 9/12/2019 - Laserfiche WebLink

2. Additional Coverages a. Alterations And New Buildings We will pay for the actual loss of Business Income you sustain and necessary Extra Expense you incur due to direct physical loss or damage at the described premises caused by or resulting from any Covered Cause of Loss to: (1) New buildings or structures, whether complete or under construction; (2) Alterations or additions to existing buildings or structures; and (3) Machinery,equipment, supplies or building materials located on or within 1,000 feet of the described premises and: (a) Used in the construction, alterations or additions; or (b) Incidental to the occupancy of new buildings. If such direct physical loss or damage delays the start of 'operations," the "period of restoration" for Business Income Coverage will begin on the date"operations"would have begun if the direct physical loss or damage had not occurred. b. Civil Authority When a Covered Cause of Loss causes damage to property other than property at the described premises,we will pay for the actual loss of Business Income you sustain and necessary Extra Expense caused by action of civil authority that prohibits access to the described premises, provided both of the following apply: (1) Access to the area immediately surrounding the damaged property is prohibited by civil authority as a result of the damage,and the described premises are within that area but are not more than one mile from the damaged property; and (2) The action of civil authority is taken in response to dangerous physical conditions resulting from the damage or continuation of the Covered Cause of Loss that caused the damage, or the action is taken to enable a civil authority to have unimpeded access to the damaged property. Civil Authority Coverage for Business Income will begin 72 hours after the time of the first action of civil authority that prohibits access to the described premises and will apply for a period of up to four consecutive weeks from the date on which such coverage began. Civil Authority for Extra Expense will begin immediately after the time of the first action of civil authority that prohibits access to the described premises and will end: (1) Four consecutive weeks after the date of that action; or (2) When Civil Authority for Business Income ends; whichever is later. c. Extended Business Income (1) Business Income Other Than "Rental Value" If the necessary "suspension" of your "operations" produces a Business Income loss payable under this additional coverage, we will pay for the actual loss of Business Income you incur during the period that: (a) Begins on the date property (except "finished stock") is actually repaired, rebuilt or replaced and "operations" are resumed; and (b) Ends on the earlier of: (i) The date you could restore your"operations,"with reasonable speed,to the level which would generate the "business income" amount that would have existed if no direct physical loss or damage had occurred; or (ii) 30 consecutive days after the date determined in (1)(a) above. However, Extended Business Income does not apply to loss of Business Income incurred as a result of unfavorable business conditions caused by the impact of the Covered Cause of Loss in the area where the described premises are located. Loss of Business Income must be caused by direct physical loss or damage at the described premises caused by or resulting from any Covered Cause of Loss. (2) "Rental Value" If the necessary"suspension"of your"operations"produces a"Rental Value"loss payable under this additional coverage, we will pay for the actual loss of"Rental Value"you incur during the period that: (a) Begins on the date property is actually repaired, rebuilt or replaced and tenantability is restored; and MP 97 67 10 10 Includes copyrighted material of Insurance Services Office,Inc.and Page 11 of 25 American Association of Insurance Services,Inc.,with their permission