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3. Example 2 of Part A.5.a.(5) under Section I —Property is replaced with:
<br />Example 2
<br />Limit Of Insurance
<br />$90,000
<br />Amount of Deductible
<br />$500
<br />Amount of Loss
<br />$80,000
<br />Amount of Loss Payable
<br />$79,500
<br />($80,000 - $500)
<br />Debris Removal Expense
<br />$55,000
<br />Debris Removal Expense Payable
<br />Basic Amount $10,500
<br />Additional Amount $40,000
<br />The basic amount payable for debris removal expense under the terms of Paragraph (3) is
<br />calculated as follows: $80,000 ($79,500 + $500) X .25= $20,000; capped at $10,500). The cap
<br />applies because the sum of the loss payable ($79,500) and the basic amount payable for debris
<br />removal expense ($10,500) cannot exceed the Limit Of Insurance ($90,000).
<br />The additional amount payable for debris removal expense is provided in accordance with the
<br />terms of Paragraph (4), because the debris removal expense ($55,000) exceeds 25% of the loss
<br />payable plus the deductible ($45,000 is 68.75% of $80,000), and because the sum of the loss
<br />payable and debris removal expense ($79,500 + $55,000 = $134,500) would exceed the Limit Of
<br />Insurance ($90,000). The additional amount of covered debris removal expense is $40,000
<br />covered under Paragraph (4). Thus the total payable for debris removal expense in the example
<br />is $50,500; $4,500 of the debris removal expense is not covered.
<br />IX. Electronic Data
<br />Part A.S.p.(3). (Section I — Property) is replaced with:
<br />(3) The most we will pay under this Additional Coverage — Electronic data for all loss or damage
<br />sustained in any one policy year, regardless of the number of occurrences of loss or damage or
<br />the number of premises, locations or computer systems involves, is $25,000, unless a higher
<br />Limit Of Insurance is shown in the Declarations. If loss payment on the first occurrence does not
<br />exhaust the amount, then the balance is available for subsequent loss or damage sustained in,
<br />but not after, that policy year. With respect to an occurrence which begins in one policy year
<br />and continues or results in additional loss or damage in a subsequent policy year(s), all loss or
<br />damage is deemed to be sustained in the policy year in which the occurrence began.
<br />X. Extended Business Income
<br />Part A.S.f (2).(a).(ii).ii. (Section I — Property) is replaced with:
<br />ii. 120 consecutive days after the date determined in Paragraph (a)(i) above, unless a greater
<br />number of consecutive days is shown in the Declarations.
<br />XI. Fine Arts
<br />The following Additional Coverage is added to Part A.S. (Section I — Property):
<br />Fine Arts
<br />1. We will pay for direct physical loss of or damage to Fine Arts, whether owned by:
<br />a. You; or
<br />b. Others and in your care, custody or control.
<br />2. Fine arts includes, but is not limited to, antiques, paintings, etchings, drawings, tapestries,
<br />sculptures and fragile property such as porcelains, china and marble.
<br />MC BOP RES BROADEND 07 19 Page 5 of 17
<br />ATTY/AGR.2025.207/A Pa Pe, Inc. (2616 Broadway) (Page 24 of 55)
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