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This valuation provision does not apply to Paragraphs (2) or(3) below. (2) Pair or Set. The value of a lost or damaged article which is part of a pair or set is based on a reasonable proportion of the value of the entire pair or set. The loss is not considered a total loss of the pair or set. (3) Loss to Parts. The value of a lost or damaged part of an item that consists of several parts when it is complete is based on the value of only the lost or damaged part or the cost to repair or replace it. 3. Limit of Insurance The most we will pay for loss or damage to property covered under this Additional Coverage is$10,000 per occurrence. This is the most we will pay regardless of: a. The number of job sites you do not own, lease or operate; or b. "Temporary storage locations." 4. With respect to this coverage, Installation Coverage, Section D. Deductible of the BUILDING AND PERSONAL PROPERTY COVERAGE FORM is deleted and replaced by the following: D. Deductible We will not pay for loss or damage in any one occurrence until the amount of loss or damage exceeds$500. We will then pay the amount of loss or damage in excess of$500 up to the applicable limit of insurance. 5. Paragraph e. of C.1. Limitations of the CAUSES OF LOSS—SPECIAL FORM is replaced by the following: e. Property that is missing,where the only evidence of the loss or damage is a shortage disclosed on taking inventory, or other instances where there is no physical evidence to show what happened to the property. But, this limitation does not apply to covered property in the custody of a carrier for hire. 6. The following are added to F. Additional Conditions of the BUILDING AND PERSONAL COVERAGE FORM: 3. Carriers for Hire You may accept bills of lading or shipping receipts issued by carriers for hire that limit their liability to less than the actual cash value of the covered property. 4. Coverage provided under the Installation Coverage will end when one of the following first occurs: (1) This policy expires or is cancelled; (2) The property covered under this Additional Coverage is accepted by the purchaser; (3) Your interest in the property covered under this Additional Coverage ceases; (4) You abandon the project to be performed by you for the purchaser, with no intention to complete it; (5) 90 days after the project to be performed by you for the purchaser is completed, unless we specify a different date in writing. B. Contractors Equipment Coverage 1. Your"Small Tools"and "Small Tools"Owned by Your Employees We will pay for your"small tools"and "small tools"owned by your employees. The most we will pay is as follows: Limit for Your"Small Tools": $5,000. (maximum limit per item $1,000) Limit for"Small Tools" Owned by Your Employees: $1,000. (maximum limit per item $250) Leased and Rented Equipment We will pay for contractors' equipment that is leased or rented from others to you. Contractors' equipment means machinery, equipment, and tools of a mobile nature that you use in your contracting, installation, erection, or moving operations or projects. The most we will pay for property leased or rented from others is $5,000. a. Coverage applies only to covered property while: (1) At the described premises; (2) On a "client's" premises; or (3) In transit directly between the described premises and a"client's"premises and while in a motor vehicle owned, leased or operated by the named insured. b. The coverage provided by this Additional Coverage applies only to loss caused by or resulting from the following causes of loss and only if they are Covered Causes of Loss: (1) Fire: (2) Lightning; (3) Explosion; (4) Aircraft; MP 97 67 10 10 Includes copyrighted material of Insurance Services Office, Inc.and Page 19 of 25 American Association of Insurance Services, Inc.,with their permission