New Search
~.8.~ VOLUNTARY PROPERTY DA' -1GE COVERAGE <br />At your request, we will pay for "loss" to property of others caused by your business operations. The most <br />we will pay for this coverage is $500 each "occurrence." The "loss" must occur during the policy period. <br />The "occurrence" must take place in the "coverage territory". <br />"Loss" means unintended damage or destruction. "Loss" does not mean disappearance, abstraction <br />or theft. <br />This coverage does not apply to: <br />1. Damage arising out of the use of any "auto"; <br />2. Property you own, occupy, rent or lease from others; or <br />3. Property on your premises for sale, service, repair or storage. <br />None of the other policy exclusions apply to this coverage. <br />If the policy to which this endorsement is attached is written with a property damage liability deductible, <br />the deductible shall apply to Voluntary Property Damage. The limit of coverage stated above shall not be <br />reduced by the amount of this deductible. <br />'-- 9. OFF PREMISES CARE, CUSTODY OR CONTROL COVERAGE <br />A. We will pay those sums that you become legally obligated to pay as damages because of "property <br />damage" to personal property of others while in your or your "employees" care, custody or control or <br />real property of others over which you or your "employees" are exercising physical control if the <br />"property damage" arises out of your business operations. This Coverage is subject to sections B., C., <br />D. and E. below. <br />B. Exclusions <br />This insurance shall not apply to: <br />1. "Property damage" of property at premises owned, rented, leased, operated or used by you; <br />2. "Property damage" of property while in transit; <br />3. The cost of repairing or replacing: <br />(a) Any of your work defectively or incorrectly done by you or by others on your behalf; or <br />(b) Any product manufactured, sold or supplied by you, unless the "property damage" is caused <br />directly by you after delivery of the product or completion of the work and resulting from a <br />subsequent undertaking; or <br />4. "Property damage" of property caused by or arising out of the "products-completed operations <br />hazard". <br />C. Limits Of Insurance -The most we will pay for "property damage" under this Section 9. is $5,000 for <br />each "occurrence". The most we will pay for the sum of all damages covered under this Section 9. <br />because of "property damage" is an annual aggregate limit of $25,000. <br />The Limits Of Insurance provided under this Section 9. are inclusive of and not in addition to any other <br />limits provided in the policy or endorsements attached to it. <br />D. Deductible - We will not pay for "property damage" in any one "occurrence" until the amount of <br />"property damage" exceeds $250. If the policy to which this endorsement is attached contains a <br />"property damage" deductible, that deductible shall apply if it is greater than $250. <br />E. In the event of "property damage" covered by this endorsement, you shall, if requested by us, replace <br />the property or furnish the labor and materials necessary for repairs thereto at your actual cost, <br />excluding profit or overhead charges. <br />CG 85 76 05 05 Includes copyrighted material of ISO Properties, Inc., with its permission. Page 6 of 8 <br />