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HomeMy WebLinkAboutInsurance Certificate: Pressure Point Roofing LLC A�® CERTIFICATE OF LIABILITY INSURANCE 703/24/2026 (MM/DD/YYYY) THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER CONTACT NAME: Michelle Ely Hart Insurance Agency PHONE FAX PO Box 1240 A/C No Ext: (541) 779-4232 A/C No: (541) 772-3963 E-MAIL Grants Pass OR 97528 ADDRESS: mely@hartinsurance.com INSURER(S)AFFORDING COVERAGE NAIC# INSURERA:Acuity A Mutual Insurance Co 14184 INSURED INSURERB: Summit Specialty Ins Co 16889 Pressure Point Roofing LLC INSURER C: 5235 Rainbow Drive INSURERD: Central Point OR 97502 INSURER E7 (541) 772-1945 INSURERF: COVERAGES IF CERTIFICATE NUMBER:Cert ID 34665 (437) REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR TYPE OF INSURANCE ADDL SUBR POLICY EFF POLICY EXP LIMITS LTR INSD WVD POLICY NUMBER MM/DD/YYYY MM/DD/YYYY B X COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE $ 11000,000 CLAIMS-MADE IX I OCCUR Y Y SCGL0040000305 03/29/2026 03/29/2027 IREMSESOEaoccurrDence $ 300,000 MED EXP(Any one person) $ 10,000 PERSONAL&ADV INJURY $ 11000,000 GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $ 2,000,000 POLICY jECT RO- LOC PRODUCTS-COMP/OPAGG $ 2,000,000 OTHER: $ AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT $ Ea accident 1,000,000 A X ANY AUTO Y Y FD8929 03/29/2026 03/29/2027 BODILY INJURY(Per person) $ OWNED SCHEDULED BODILY INJURY(Per accident) $ AUTOS ONLY AUTOS HIRED NON-OWNED PROPERTY DAMAGE $ AUTOS ONLY AUTOS ONLY Per accident B UMBRELLA LIAB X OCCUR SXCS0040000174 03/29/2026 03/29/2027 EACH OCCURRENCE $ 2,000,000 X EXCESS LIAB CLAIMS-MADE AGGREGATE $ 2,000,000 DED RETENTION$ $ WORKERS COMPENSATION PER OTH- AND EMPLOYERS'LIABILITY Y/N STATUTE ER ANYPROPRIETOR/PARTNER/EXECUTIVE ❑ NIA E.L.EACH ACCIDENT $ OFFICER/MEMBER EXCLUDED? (Mandatory in NH) E.L.DISEASE-EA EMPLOYEE $ If yes,describe under DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT $ DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES(ACORD 101,Additional Remarks Schedule,maybe attached if more space is required) Certificate holder is additional insured on primary & non-contributory basis for ongoing & completed operations incl waiver of subrogation per attached forms CG2404 05/09; CG2001 12/19, CG2037 04/13, CA7214 10/98, CA7247 10/16. Additional insured: The City of Ashland, Oregon, its officers, agents and employees with respect to claims arising out the of the provision of work under agreement CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. City of Ashland 90 N Mountain AUTHORIZED REPRESENTATIVE Ashland OR 97520 U ©1988-2015 ACORD CORPORATION. All rights reserved. ACORD 25(2016/03) The ACORD name and logo are registered marks of ACORD Page 1 of 1 COMMERCIAL GENERAL LIABILITY CG 20 01 12 19 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. PRIMARY AND NONCONTRIBUTORY - OTHER INSURANCE CONDITION This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART LIQUOR LIABILITY COVERAGE PART PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART The following is added to the Other Insurance Condi- (2) You have agreed in writing in a contract or tion and supersedes any provision to the contrary: agreement that this insurance would be Primary And Noncontributory Insurance primary and would not seek contribution from any other insurance available to the This insurance is primary to and will not seek con- additional insured. tribution from any other insurance available to an additional insured under your policy provided that: (1) The additional insured is a Named Insured under such other insurance; and CG 20 01 12 19 © Insurance Services Office, Inc., 2018 Page 1 of 1 POLICY NUMBER: SCGL00040000305 COMMERCIAL GENERAL LIABILITY CG 24 04 05 09 WAIVER OF TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART SCHEDULE Name Of Person Or Organization: As Required By Written Contract with the Named Insured, Fully Executed Prior to the Named Insured's Work Information required to complete this Schedule, if not shown above, will be shown in the Declarations. The following is added to Paragraph 8. Transfer Of Rights Of Recovery Against Others To Us of Section IV—Conditions: We waive any right of recovery we may have against the person or organization shown in the Schedule above because of payments we make for injury or damage arising out of your ongoing operations or "your work" done under a contract with that person or organization and included in the "products- completed operations hazard". This waiver applies only to the person or organization shown in the Schedule above. CG 24 04 05 09 © Insurance Services Office, Inc., 2008 Page 1 of 1 0 POLICY NUMBER: SCGL0040000305 COMMERCIAL GENERAL LIABILITY CG 20 37 04 13 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - OWNERS, LESSEES OR CONTRACTORS - COMPLETED OPERATIONS This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART SCHEDULE Name Of Additional Insured Person(s) Or Organization(s) Location And Description Of Completed Operations As Required by Written Contract with the Named Insured, As Required by Written Contract with the Named Insured, Fully Executed Prior to the Named Insured's Work Fully Executed Prior to the Named Insured's Work Information required to complete this Schedule, if not shown above, will be shown in the Declarations. A. Section II —Who Is An Insured is amended to B. With respect to the insurance afforded to these include as an additional insured the person(s) or additional insureds, the following is added to organization(s) shown in the Schedule, but only Section III—Limits Of Insurance: with respect to liability for "bodily injury" or If coverage provided to the additional insured is "property damage" caused, in whole or in part, by required by a contract or agreement, the most we "your work" at the location designated and will pay on behalf of the additional insured is the described in the Schedule of this endorsement amount of insurance: performed for that additional insured and included in the "products-completed operations 1. Required by the contract or agreement; or hazard". 2. Available under the applicable Limits of However: Insurance shown in the Declarations; 1. The insurance afforded to such additional whichever is less. insured only applies to the extent permitted This endorsement shall not increase the applicable by law; and Limits of Insurance shown in the Declarations. 2. If coverage provided to the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured. CG 20 37 04 13 ©Insurance Services Office, Inc., 2012 Page 1 of 1 ADDITIONAL INSURED - AUTOMATIC STATUS WHEN REQUIRED IN CA-7214(10-98) WRITTEN AGREEMENT WITH YOU - PRIMARY This endorsement modifies insurance provided under out of operations performed for the additional insured the following: by you. BUSINESS AUTO COVERAGE FORM 2. The coverage provided by this endorsement will GARAGE COVERAGE FORM be primary and noncontributory with respect to any MOTOR CARRIER COVERAGE FORM other coverage available to the additional insured. 1. Who Is an Insured under Section II - Liability 3. The Limits of Insurance applicable to the Coverage is amended to include any person or additional insured are those specified in the written organization with whom you have agreed in writing in con- tract or agreement or in the Declarations for this a contract or agreement that such person or Coverage Form, whichever is less. These Limits of organization be added as an additional insured on Insurance are inclusive and not in addition to the your policy. Such persons or organizations are addi- Limits of Insurance shown in the Declarations. tional insureds only with respect to liability arising CA-7214(10-98) Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 1 of 1 ACUITY ENHANCEMENTS - BUSINESS AUTO CA-7247(10-16) This endorsement modifies insurance provided under D. Fellow Employee Coverage the following: The Fellow Employee Exclusion contained in BUSINESS AUTO COVERAGE FORM Section II - Liability Coverage does not apply. MOTOR CARRIER COVERAGE FORM E. Towing for Covered Autos after Covered A. Temporary Substitute Vehicle Physical Dam- Losses age The following is added to paragraph A4 Cov- The following is added to item C Certain Trail- erage Extensions of Section III - Physical Dam- ers, Mobile Equipment and Temporary Substi- age Coverage in the Business Auto Coverage tute Autos under Section I - Covered Autos: Form and to paragraph - A4 Coverage Exten- If Physical Damage Coverage is provided by sion under Section IV - Physical Damage Cov- this Coverage Form, any auto you do not own erage in the Motor Carrier Coverage Form and while used with permission of its owner as a the Towing Coverage endorsement, if it applies temporary substitute for a covered auto you own to your policy: that is out of service because of its breakdown, If a covered loss to a covered auto renders the repair, servicing, loss or destruction is a covered vehicle undriveable, we will pay for reasonable auto for Physical Damage Coverage. and necessary costs to tow the vehicle to the B. Who Is an Insured nearest service or salvage facility. This cov- erage only applies to a covered auto insured for The following are added to Who Is an Insured Comprehensive or Collision coverage. Such under Section II - Liability Coverage: payments will not reduce the limits of insurance 1. Newly Acquired Organizations described in C Limit of Insurance. Any organization you newly acquire or form, F. Transportation Expenses other than a partnership, joint venture or The Transportation Expenses Coverage Exten- limited liability company, and over which you sion is replaced by the following: maintain ownership or majority interest, will We will also pay up to $75 per day to a qualify as a Named Insured if there is no maximum of$1,500 for temporary transportation other similar insurance available to that organization. However: expense incurred by you because of the total theft of a covered auto of the private passenger a. Coverage under this provision is afford- or light truck type. We will pay only for those ed only until the 180th day after you covered autos for which you carry either acquire or form the organization or the Comprehensive or Specified Causes of Loss end of the policy period, whichever is Coverage. We will pay for temporary transport- earlier; ation expenses incurred during the period b. This coverage does not apply to bodily beginning 48 hours after the theft and ending, injury or property damage that occurred regardless of the policy's expiration, when the before you acquired or formed the or- covered auto is returned to use or we pay for its ganization; loss. c. No person or organization is an insured G. Increased Sub-limit for Audio, Visual and with respect to the conduct of any cur- Data Electronic Equipment Coverage rent or past partnership, joint venture or The sub-limit shown in paragraph C2 of the Limit limited liability company that is not of Insurance Provision of Section III - Physical shown as a Named Insured in the Dec- Damage Coverage in the Business Auto Cov- larations. erage Form is increased to $3,000. 2. Employees as Insureds H. The following are added to Coverage Extensions Any employee of yours is an insured while under Section III - Physical Damage Coverage using a covered auto you do not own, hire or in the Business Auto Coverage Form and to borrow in your business or your personal Section IV - Physical Damage Coverage in the affairs. Motor Carrier Coverage Form: C. Increased Supplementary Payments 1. Accidental Airbag Discharge 1. The limit shown in paragraph A2a(2) of We will pay to replace an airbag that de- Section II - Liability Coverage is increased to ploys without the car being involved in an $3,000. accident. This coverage applies only to a 2. The limit shown in paragraph A2a(4) of covered auto which you own. Section II - Liability Coverage is increased to 2. Loan/Lease Gap Coverage $300. In the event of a total loss to a covered auto of the private passenger or light truck CA-7247(10-16) Includes copyrighted material of Insurance Services Office, Inc.,with its permission. Pagel of 5 type, we will pay any unpaid amount due on with the lesser of the following number the lease or loan, less: of days: a. The amount paid under the Physical (1) The number of days reasonably re- Damage Coverage Section of the poli- quired to repair or replace the cov- cy; and ered auto. If loss is caused by theft, b. Any: this number of days is added to the (1) Overdue lease/loan payments at the number of days it takes to locate thecovered auto and return it to you. time of the loss; (2) 30 days. (2) Financial penalties imposed under a lease for excessive use, abnormal d. Our payment is limited to the lesser of wear and tear or high mileage; the following amounts: (3) Security deposits not returned by (1) Necessary and actual expenses in- the lessor; curred. (4) Costs for extended warranties, (2) $75 per day to a maximum of Credit Life Insurance, Health, Ac- $1,500. cident or Disability Insurance pur- e. This coverage does not apply while chased with the loan or lease; and there are spare or reserve autos avail- (5) Carry-over balances from previous able to you for your operations. loans or leases. f. If loss results from the total theft of a 3. Hired Auto Physical Damage Coverage covered auto to which this extension If hired autos are covered autos for Liability applies, we will pay under this coverage Coverage, then the Physical Damage Cov- only that amount of your rental reim- erages provided under this Coverage Form bursement expenses which is not al- for any auto you own are extended to autos ready provided for under the Physical of the private passenger or light truck type Damage Coverage Extensions. which you lease, hire, rent or borrow for a g. The Rental Reimbursement Coverage period of 30 days or less, subject to the described above does not apply to a following limit. covered auto that is described or The most we will pay under this extension is designated as a covered auto on Rental Reimbursement Coverage Form the lesser of the actual cash value, the cost CA-9923F. of repair or $50,000, minus a deductible. The deductible will be equal to the largest 5. Fire Department Service Charge deductible applicable to any owned auto of When the fire department is called to save the private passenger or light truck type for or protect a covered auto, its equipment, its that coverage. Subject to the above limit, contents, or occupants from a covered loss, deductible and excess provisions, we will we will pay up to $1,000 for your liability for provide coverage equal to the broadest fire department service charges: coverage applicable to any covered auto you a. Assumed by contract or agreement prior own of the private passenger or light truck to loss; or type. 4. Rental Reimbursement Coverage for Pri- vate Passenger Vehicles or Light Trucks No deductible applies to this additional cov- a. This coverage applies only to a covered erage. auto of the private passenger or light 6. Fire Extinguisher Recharge truck type. We will pay the actual cost of recharging or b. We will pay for rental reimbursement replacing, whichever is less, fire extinguish- expenses incurred by you for the rental ers kept in your covered auto that are inten- of an auto because of a covered loss to tionally discharged in an attempt to extin- an auto to which this extension applies. guish a fire. Payment applies in addition to the oth- 7. Rental Reimbursement, Business Income erwise applicable amount of each cov- and Extra Expense Coverage erage you have on a covered auto. No deductibles apply to this coverage. Limits c. We will pay only for those expenses The most we will pay for all loss for each incurred during the policy period begin- covered auto involved in any one accident ning 24 hours after the loss and ending, for Rental Reimbursement, Business Income regardless of the policy's expiration, and Extra Expense combined is $10,000. CA-7247(10-16) Includes copyrighted material of Insurance Services Office, Inc.,with its permission. Page 2 of 5 Coverage make under any other coverages listed a. Rental Reimbursement Coverage in extension 7. (1) We will pay for expenses incurred b. No other deductible applies to these by you during the period of coverages. restoration for the rental of an auto c. We will not pay under these coverages if made necessary because of a you do not repair or replace the cov- covered loss to a covered auto used ered auto. in your business. The loss must be d. You must resume all or part of your caused by a cause of loss covered business as quickly as possible. under item Al of Physical Damage e. If you have other autos you can use to Coverage in this Coverage Part. reduce the amount of loss payable un- (2) This Rental Reimbursement Cover- der these coverages, you are required to age does not apply to a covered use them. auto of the private passenger or f. We will not pay for loss or expenses light truck type because coverage caused by suspension, lapse or can- for these vehicles is provided in cellation of any license, lease or con- item 4 of this endorsement. tract. But if the suspension, lapse or b. Business Income and Extra Expense cancellation is directly caused by the Coverage suspension of your business, we will (1) Business Income Coverage cover such loss that affects your busi- (a) Actual Loss Sustained Cover- ness income. age - We will pay the actual g. We will pay for expenses you incur to loss of business income reduce the amount that would otherwise sustained by you as the result have been payable under this coverage. of the necessary suspension of We will not pay more than the amount your business during the period by which you actually reduce the busi- of restoration due to a loss to a ness income loss or extra expense in- covered auto used in your curred. business. The loss must be 8. Fuel in Vehicle Coverage caused by a cause of loss We will also pay, with respect to a covered covered under item Al of loss, the actual loss sustained for the loss to Physical Damage Coverage in this Coverage Part. the fuel used to operate your vehicle but only with respect to a covered auto. You (b) Specified Amount per Day must provide documentation supporting your Coverage - At your option, we claim for damages. will pay up to $250 per day for a maximum of seven days Deductible during the period of restoration A deductible applies to this coverage. Refer for income loss. The loss must to paragraph N Deductible Applicable to Fuel be caused by a cause of loss in Vehicle, Miscellaneous Equipment Used covered under item Al of With Covered Vehicle Coverages, and Physical Damage Coverage in Electronic Logging Devices or Electronic this Coverage Part. On-Board Recorders Coverages. (2) Extra Expense Coverage 9. Miscellaneous Equipment Used With We will pay the necessary and rea- Covered Vehicle Coverage sonable extra expenses that you in- We will also pay, with respect to a covered cur during the period of restoration loss, the actual cash value, repair cost or that you would not have incurred replacement cost, whichever is less, for loss had there been no loss to a covered to your miscellaneous equipment but only auto used in your business. The loss with respect to a covered auto. must be caused by a cause of loss Exclusions covered under item Al of Physical Damage Coverage in this Coverage We will not pay for loss caused by: Part. a. Theft, unless there are visible signs or Conditions marks of forcible entry into the covered auto and the theft is reported to law a. Any payment for Business Income made enforcement authorities; or under Specified Amount per Day Coverage reduces the payment we b. Mysterious disappearance. CA-7247(10-16) Includes copyrighted material of Insurance Services Office, Inc.,with its permission. Page 3 of 5 Deductible J. Knowledge of Claim or Suit A deductible applies to this coverage. Refer The following is added to the Duties in the to paragraph N Deductible Applicable to Fuel Event of Accident, Claim, Suit or Loss Con- in Vehicle, Miscellaneous Equipment Used dition: With Covered Vehicle Coverages, and Electronic Logging Devices or Electronic Knowledge of an accident, claim, suit or loss by On-Board Recorders Coverages. an agent or employee of any insured shall not in 10. Electronic Logging Devices or Electronic itself constitute knowledge of the insured unless gg g your partners, executive officers, directors, On-Board Recorders managers, members or a person who has been We will also pay, with respect to a covered designated by them to receive reports of loss, up to $3,000 for the actual loss sus- accidents, claims, suits or loss shall have re- tained to an electronic on-board recorder or ceived such notice from the agent or employee. electronic logging device permanently in- K. Waiver of Subrogation for Written Contracts stalled in the auto but only with respect to a covered auto. The following is added to the Transfer of Rights Deductible of Recovery Against Others to Us Condition: A deductible applies to this coverage. Refer We waive any right of recovery we may have to paragraph N Deductible Applicable to Fuel against a person or organization because of in Vehicle, Miscellaneous Equipment Used payments we make for bodily injury or property With Covered Vehicle Coverages, and damage arising out of your use of a covered Electronic Logging Devices or Electronic auto which occurs while under a contract with gg g that person or organization. The waiver applies O Recorders Coverages for further only to a person or organization with whom you infformatormatd ion. have a written contract or agreement requiring I. Deductible Provision you to waive the right of recovery under this Paragraph D, Deductible of Section III - Phys- policy. The written contract or agreement must ical Damage Coverage in the Business Auto have been executed prior to the accident caus- Coverage Form and paragraph D, Deductible of ing bodily injury or property damage. Section IV - Physical Damage Coverage in the L. Worldwide Coverage Territory for Hired Motor Carrier Coverage Form are replaced by Autos the following: The following is added to paragraph B7 of Sec- 1. For each covered auto, our obligation to pay tion IV - Business Auto Conditions in the Busi- for, repair, return or replace damaged or ness Auto Coverage Form and to paragraph B7 stolen property will be reduced by the of Section V - Motor Carrier Conditions in the applicable deductible shown in the Declara- Motor Carrier Coverage Form: tions. Any Comprehensive Coverage de- ductible shown in the Declarations does not With respect to autos hired for 30 days or less, apply to loss caused by fire or lightning. the coverage territory is extended to include all parts of the world if the insured's responsibility 2. For combinations of tractor, truck, semi- to pay damages is determined in a suit in the trailer or trailers when attached together by United States of America (including its territor- coupling devices at the time of loss, one ies and possessions), Puerto Rico or Canada or deductible will apply. in a settlement we agree to. a. If more than one auto of the combina- M. Mental Anguish Coverage tion is damaged or stolen, the largest applicable deductible shown in the Dec- The Definition of bodily injury is amended to larations will apply. include mental anguish. b. If only one auto of the combination is N. Deductible Applicable to Fuel in Vehicle, damaged or stolen, the deductible Miscellaneous Equipment Used With Cov- shown in the Declarations for that auto ered Vehicle Coverages and Electronic Log- will apply. ging Devices or Electronic On-Board Re- corders 3. The deductibles will not apply to loss caused by a collision of a covered auto with any 1. If loss to property covered by these exten- other auto insured by us. sions is the result of a loss to the covered auto under this Coverage Form's Compre- 4. If the insured chooses to have a damaged hensive or Collision Coverage, then for each windshield or other glass repaired instead of covered auto our obligation to pay for, replaced, no deductible will apply to the loss. repair, return or replace damaged or stolen property will be reduced by the applicable deductible shown in the Declarations. Any CA-7247(10-16) Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 4 of 5 Comprehensive Coverage deductible shown 4. "Miscellaneous equipment" means hand in the Declarations does not apply to loss to trucks, dollies, pallets, pads, covers, bind- property covered by an extension caused by ers, tarps, tie-downs, chains and other simi- fire or lightning. lar equipment used in the handling of prop- 2. If loss to property covered by these exten- erty being transported. sions is the result of a loss to the covered 5. "Period of restoration" means the period of auto under this Coverage Form's Specified time that: Causes of Loss Coverage, then for each a. Begins: covered auto our obligation to pay for, repair, return or replace damaged or stolen (1) Twenty-four hours after the time of property will be reduced by a $100 loss for Rental Reimbursement Cov- deductible. erage or Business Income Cov- 3. In the event that there is more than one erage; or applicable deductible, only the highest de- (2) Immediately after the time of loss ductible will apply. In no event will more than for Extra Expense Coverage; and one deductible apply. b. Ends at the earliest of: O. Coverage Extensions Definitions (1) The time required to resume your 1. "Business income" means the: normal business operations; or a. Net income (Net profit or loss before (2) The time that is reasonably nec- income taxes) that would have been essary to repair or replace the cov- earned or incurred if no loss would have ered auto. occurred; and Period of restoration does not include any b. Continuing normal operating expenses increased period required due to the en- incurred, including payroll. forcement of any ordinance or law that re- quires any insured or others to test for, 2. "Extra expense" p Y monitor, clean up, remove, contain, treat, incur to avoid or minimize the suspension of detoxify or neutralize or in any way respond business and to continue your business op- to or assess the effects of pollutants. erations. The expiration date of this policy will not cut 3. "Light truck' means a truck with a gross short the period of restoration. vehicle weight of 10,000 pounds or less. CA-7247(10-16) Includes copyrighted material of Insurance Services Office, Inc.,with its permission. Page 5 of 5