Agmt25 Blacksmith (2048 Broadway)

Browse Search

- THREE 3 Page Policy California Supplement BY BERKSHIRE HATHAWAY We have tried to make our policy as simple and short as possible. Because the law of insurance is set by each state, we must include some additional terms to meet the requirements of California law. We have included this section because California requires it. Parties: This policy is an agreement between your business (listed on the Summary) and Berkshire Hathaway Direct Insurance Company. Coverage for Earthquake Losses: For damage caused directly or indirectly by an earthquake to listed buildings and Other Property, the deductible and limit may vary based on the coverage selected by your business as reflected on the Summary. If your business did not purchase earthquake coverage, the limit for earthquake damage is $0. If your business did purchase earthquake coverage, buildings and Other Property have the same limits they would have for non -earthquake damage. For each earthquake loss to buildings or Other Property, the deductible is changed to a percentage (the one listed for Earthquake Damage on the Summary) of the limit that applies to that loss. Damages caused by a fire that results from an earthquake are not considered "caused directly or indirectly by an earthquake." All earthquake shocks that occur within any single 168 -hour period are considered a single earthquake. For this policy, all damage from an earthquake happens at the time the earthquake starts. This means there is no coverage for an earthquake that begins before this policy's start time, but coverage is available for the damage caused by an earthquake that begins before this policy's end time and continues afterwards. If there is a total loss due to earthquake, and either i) as a result of the earthquake deductible applying your business is unable to pay the full amount of the deductible, or ii) as a result of unrepaired damage to land, a building cannot be repaired or replaced, we may satisfy our obligations to your business by providing a payment of the full limit (less the earthquake deductible) that applies to the loss. Wind/Hail Coverage: "Wind/Hail" damage means damage to listed buildings and Other Property caused directly or indirectly by wind or hail. For these losses, the deductible may vary based on the coverage selected by your business as reflected on the Summary. If there is a percentage deductible on the Summary for Wind/Hail, then for each Wind/Hail loss to buildings or Other Property, the deductible that applies to that loss is equal to the limit multiplied by the percentage specified on the Summary. Buildings and Other Property have the same limits they would have for non-Wind/Hail damage. Damages caused by a fire that results from wind or hail are not considered to have been "caused directly or indirectly by wind or hail". For this policy, all damage from wind or hail happens at the time the wind or hail starts. This means there is no coverage for damage involving wind or hail that begins before this policy's start time, but coverage is available for the damage caused by wind or hail that begins before this policy's end time and continues afterwards. Flood Coverage: Flood means the overflow of surface water, waves, tides, tidal waves, streams, or other bodies of water, or their spray, all whether driven by wind or not, including storm surge. Flood also includes JTHREE To Report a Claim or For Questions: Call 1-800-507-4495 or Log On www.threeinsurance.com BY BERKSHIRE HATHAWAY 3PG CA 01 - 06/24 ATTY/AGR.2025.229/Barrel Dog, Inc. dba Blacksmith (2048 Broadway - Blacksmith) (Page 34 of 44)