Agmt25 A Pe Pe, Inc. (2616 Broadway)

Browse Search

XV. Forgery And Alteration Part A.S.k (4) (Section I — Property) is replaced with: The most we will pay for any loss, including legal expenses, under this Additional Coverage is $10,000 unless a higher Limit Of Insurance is shown in the Declarations. XVI. Laptop Computers — Worldwide Coverage The following Additional Coverage is added to Part A.S. (Section I — Property): Laptop Computers — Worldwide Coverage (1) We will pay up to $5,000 in any one occurrence as a Limit Of Insurance to apply to laptop, palmtop and similar portable computer equipment, personal digital assistants (PDAs), and accessories owned by you anywhere in the world, including while in transit. This Limit Of Insurance is in addition to any other Limit Of Insurance that may be provided by this policy for this coverage. (2) We will not pay for direct physical loss or physical damage caused by, resulting from, arising out of the theft of this property which is in transit as checked baggage. XVII. Lost Key Consequential Loss The following Additional Coverage is added to Part A.S. (Section I — Property): Lost Key Consequential Loss (1) We will pay for consequential loss to keys and locks if a master or grand master key is lost or damaged from a Covered Cause of Loss. We will pay for: (a) The actual cost of keys, and (b) Adjustment of locks to accept new keys; or (c) If required, new locks including cost of their installation. (2) Loss or damage must be caused by or result from a Covered Cause of Loss including mysterious disappearance. (3) The most we will pay for loss or damage under this Additional Coverage is $5,000 at each Described Premises. We will not pay for loss or damage in any one occurrence until the amount of loss or damage exceeds the deductible. XVIII. Ordinance Or Law— Equipment Coverage The following Additional Coverage is added to Part A.S. (Section I — Property): Ordinance Or Law— Equipment Coverage (1) Subject to Part A.2. (Section 1 — Property), if a Covered Cause of Loss occurs to equipment that is Covered Property, we will pay to repair or replace the equipment as required by law. (2) If a Covered Cause of Loss occurs to refrigeration equipment that is Covered Property, we will pay: (a) The cost to reclaim the refrigerant as required by law; (b) The cost to retrofit the equipment to use a non -CFC refrigerant as required by the Clean Air Act of 1990, and any amendments thereto or any other similar laws; and (c) The increased cost to recharge the system with a non -CFC refrigerant. (3) The terms of this coverage apply separately to each piece of covered equipment. (4) We will not pay under this Additional Coverage for the costs associated with the enforcement of any ordinance or law which required any insured or others to test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, or in any way respond to, or assess the effects of "pollutants", "fungi", wet rot or dry rot. (5) Loss to the equipment will be determined as follows: MC BOP RES BROADEND 07 19 ATTY/AGR.2025.207/A Pa Pe, Inc. (2616 Broadway) (Page 26 of 55) Page 7 of 17