Decarla's Beauty Salon 9/28/2020

StateFarm 98-C6-F927-8 009122 ❑ O O'O CMP-4705.2 Page 4 of 4 (2) "Maintenance fees", if you are a con- (1) Begins immediately after the time of dominium association or other similar accidental direct physical loss caused community association; by any Covered Cause Of Loss at the ry�� described premises; and (3) Total receipts and contributions (less i � operating expenses) normally received (2) Ends on the earlier of: during the period of disruption of oper- (a) The date when the property at the ations; and described premises should be (4) Tuition and fees from students, includ- repaired, rebuilt or replaced with ing fees from room, board, laboratories reasonable speed and similar and other similar sources. quality; or co— Net Income does not include any Net In- (b) The date when business is re- come that would likely have been earned sumed at a new permanent loca- as a result of an increase in the volume of tion. business due to favorable business condi- b. Does not include any increased period re- tions caused by the impact of the Covered quired due to the enforcement of any ordi- Cause Of Loss on customers or on other nance or law that: businesses. (1) Regulates the construction, use or re- b. Continuing normal operating expenses in- pair, or requires the tearing down of curred, including "ordinary payroll expens- any property; or es". (2) Requires any insured or others to test 3. "Maintenance fees" means the regular pay- for, monitor, clean up, remove, contain, ment made to you by unit-owners and used to treat, detoxify or neutralize, or in any service the common property. way respond to or assess the effects 4. "Operations" means your business activities of"pollutants". occurring at the described premises. The expiration date of this policy will not cut 5. "Ordinary payroll expenses": short the "period of restoration". a. Mean payroll expenses for all your em 7. "Rental value" means: ployees except: a. The total anticipated rental income from Officers; tenant occupancy of the premises de- (1) scribed in the Declarations as furnished (2) Executives; and equipped by you; (3) Department Managers; and b. The amount of all charges which are the (4) Employees under contract. legal obligation of the tenant(s) and which would otherwise be your obligations; and b. Include: c. The fair rental value of any portion of the (1) Payroll; described premises which is occupied by (2) Employee benefits, if directly related to you. payroll; 8. "Suspension" means: (3) FICA payments you pay; a. The partial slowdown or complete cessa- (4) Union dues you pay; and tion of your business activities; or (5) Workers' compensation premiums. b. That a part or all of the described premises is rendered untenantable, if coverage for 6. "Period of restoration": "Loss Of Income" applies. a. Means the period of time that: All other policy provisions apply. CM P-4705.2 ©, Copyright, State Farm Mutual Automobile Insurance Company, 2016 Includes copyrighted material of Insurance Services Office, Inc.,with its permission. (CONTINUED)