Building coverage provides protection for permanent structures listed on the policy. Completed additions, permanently-installed fixtures, machinery and equipment, outdoor fixtures, owned personal property used to service, repair or maintain the building and additions under construction or repair are all included in this definition.

Accidental Discharge
This coverage pays for expenses to recharge or refill your computer's fire suppression system after it has been used in conjunction with a
covered loss, or has been accidentally discharged. Back to top

Actual Cash Value Valuation
This valuation method pays for the cost to repair or replace damaged property with like kind and quality, less reasonable deductions for
wear and tear, deterioration and economic obsolescence. Back to top

Additional Covered Property Endorsement (CP1410)
This endorsement is used to add back coverage for certain scheduled property items excluded from your basic property policy. Back to top

Addl. Building Property (CP1415)
The addition of this endorsement extends your building coverage to include listed property items not permanently installed but still considered part of the building structure. Standard building insurance does not cover fixtures, machinery or equipment unless they are permanently attached to the structure. Back to top

Addl. Farm Structures (FP0450)
This section of the Farmowners/Ranchowners policy provides coverage for a variety of structures (other than residential living quarters), such as outbuildings or structures, silos, portable buildings, fences (except field or pasture fences), corrals, pens, chutes, feed racks, outdoor radio and TV equipment, improvements and betterments, and building materials and supplies used for construction or repairs. Back to top

Addl. Nonfarming Structures
This coverage is used to extend the Farm/Ranch policy to include your interest in structures not related to farm or ranch use. Back to top

Agreed Value Valuation
This coverage is used to remove the coinsurance requirement for covered property. With it your company agrees that the amount of coverage purchased is adequate, and any coinsurance requirements are waived if the limit of insurance equals the agreed value. Back to top

Antennas Coverage (CP1450)
This endorsement will extend the Property policy to include coverage for specified unattached radio or TV antennas located outside of covered premises. This is necessary because standard Property forms exclude or severely limit coverage for property of this nature. Back to top

Appurtenant Private Structures
This coverage will protect private structures you may own that are not attached to the main dwelling. These buildings must be separated by a clear space from the main dwelling for coverage to apply. The amount of coverage is figured as a percentage of the main dwelling limit and is listed on the declaration page of your policy. Back to top

Basic Causes of Loss (CP1010)
This coverage is used to provide protection for the following causes of loss: fire, lightning, explosion, windstorm, hail, smoke (except from agricultural smudging or industrial operations), aircraft, vehicles, riot, civil commotion, vandalism, sprinkler leakage, sinkhole collapse and volcanic action. Back to top

Blanket Coverage
This coverage allows for a single limit of insurance to apply to two or more property items at one location, or to two or more kinds of property at several locations, instead of a specific amount applying to a specific subject of insurance. It allows you to shift property values with no impairment of recovery, as long as the total amount of insurance carried complies with the coinsurance requirement stated in the policy. Back to top

Bld. Ordinance Coverage (CP0405)
This coverage will protect you against loss due to the enforcement of existing building or zoning laws that results in additional costs to rebuild or demolish an insured building. Coverage for the loss of any undamaged portion of such buildings can also be insured. Back to top

Boiler/Machinery Incl. in Limit
A careful review of your property coverage should be done to ensure that the limits used reflect your combined building and boiler and machinery values. This is important since these items must be covered by both Boiler and Machinery and Property policies to ensure adequate protection. Failure to include such values on both policies can result in uninsured losses or violation of coinsurance requirements. Back to top

Broad Causes of Loss (CP1020)
This coverage is used to provide protection for the following causes of loss: fire, lightning, explosion, windstorm, hail, smoke (except from agricultural smudging or industrial operations), aircraft or vehicles, riot, civil commotion, vandalism, sprinkler leakage, sinkhole collapse, volcanic action, breakage of glass, falling objects, weight of snow, ice or sleet (except for damage to gutters, downspouts or personal property outside of buildings) and limited water damage. Back to top

Co-Insurance
A policy may contain a coinsurance clause requiring that the limit of coverage be a minimum percentage (usually 80%) of the insurable value
of your property. If the amount of insurance carried is less than what is required by this clause, any claim payment may be reduced by the same percentage as the deficiency. For example, covered property worth $100,000 may require a minimum of 80%, or $80,000, of coverage for compliance with the policy's coinsurance requirement. If only $60,000 of coverage is carried (25% less than the required $80,000), then any loss payment would be reduced by 25%. Back to top

Debris Removal Limit Adequate
Your Property policy provides that debris removal costs resulting from a covered loss will be covered up to a maximum of 25 percent of the amount paid for such damaged property. If the property limit is exhausted (as with a total loss) or it exceeds the 25% limitation, an additional $10,000 is available for these costs. Back to top

Deductible
A policy may include a deductible in its provisions. This limit specifies the amount that will be deducted from any payment made to you because of a covered loss. Back to top

Earthquake (CP1040)
This coverage is used to provide protection for loss due to earth movement including earthquake shocks and volcanic eruption. Back to top

Extended Collapse Coverage
Your Property policy's definition of collapse can be broadened to include coverage for the same perils as is provided for your other property items. This is needed because standard Property forms only cover loss resulting from certain specified perils. These include weight of people or property, hidden decay, insect damage and standard causes of loss (fire, wind, vandalism, etc.). Losses such as collapse resulting from machinery vibrations may not be covered by standard policy wording. Back to top

Extended Water Damage
This coverage is used to provide protection against loss caused by back up of sewer or drains; or underground water flowing or seeping
through foundations, floors, basements, doors or other openings. Back to top

Farm Dwelling (FP0010)
This portion of your Farmowners/Ranchowners policy covers your residential dwelling, attached structures, materials used for altering or repairing your home, outdoor equipment used for maintenance of the residence, and any secondary dwelling, if designated in your policy. Back to top

Fencing, Lightpoles, Sprinkler Systems, etc. (CP1410)
This coverage is used to extend the Property policy to provide insurance for the specified items listed in the endorsement. Back to top

Fire Department Service Charge
This coverage is used to extend the Property policy, up to the stated amount, for resulting fire department service charges that are incurred because of a covered loss. Back to top

Flood Insurance
This coverage is used to provide protection against loss due to water damage arising from flooding, surface water, tides, tidal waves, and the overflow of any body of water. Back to top

Foundations, Walks, Patios, etc.
This endorsement is used to extend the Property policy to include coverage for the additional items scheduled on the form. It is needed
because standard Property forms severely limit or exclude coverage for property of this kind. Back to top

Functional Replacement Cost Valuation (CP0438)
This valuation method is used in situations where replacing damaged or destroyed property is impractical, impossible, or unnecessary. It
affords you the ability to substitute property which is substantially different in value or cost from the original property. Consequently, you are allowed to carry policy limits lower than what would normally be required. Back to top

Glass Coverage (CP0015, FP0467)
This coverage will provide extended protection for premises glass. Limited protection is provided in your Property policy, but the additional coverage is needed to ensure that adequate insurance is available. Besides covering the scheduled glass, this insurance will pay for the costs to repair or replace the frames, installation of temporary glass or the removal of obstructions in the event of loss. Back to top

Guaranteed Replacement Cost
When added to your policy, this endorsement guarantees to repair or rebuild a covered building even if the reconstruction costs are greater than the amount of coverage specified for that building. Back to top

Improvements and Betterments
This coverage is used to extend your Property policy to insure against loss of specified alterations or additions that you have made in the building you rent or lease. This is important because these improvements become the property of the building owner and you may not be compensated for their destruction after a covered loss without this coverage. Back to top

Inflation Guard
This coverage is used to automatically increase the limits of insurance on covered property by a predetermined percentage at regular intervals. Its purpose is to eliminate the risk that inflation will lead to coinsurance penalties and underinsurance. Back to top

Market Value Valuation (CP0437)
This loss valuation method is used to insure buildings whose market value is significantly less than the actual cash value. It insures the covered building for this lower amount without violation of coinsurance requirements. Under this valuation option, if you contract to repair or replace the lost or damaged property within 180 days of a loss, the policy would pay on a functional replacement cost basis. After 180 days, the policy will pay based on the market value of the property at the time of loss. Back to top

Newly Acquired Property (CP0425)
This coverage is used to extend your Property policy to insure new buildings while being built on your premises and newly acquired buildings intended for similar use as your described premises. This extension also extends your Personal Property coverage to apply to personal property at other locations except fairs and exhibitions. The amount of coverage provided under these extensions is restricted to the stated limits and period of time specified in the policy. Back to top

Outside Signs Coverage (CP1440)
This endorsement is used to extend coverage to scheduled signs located outside covered premises. Most standard Property policies exclude or severely limit coverage for such items. Back to top

Pilings, Wharfs & Docks (CP1070)
This coverage is used to extend your property insurance to include protection for pilings, wharfs or docks as specified in the policy. Back to top

Pollutant Clean Up (CP0407)
This coverage is used to pay for expenses you incur to extract covered pollutants from land or water at described premises as long as the discharge, dispersal, seepage, migration, release or escape is caused by a covered peril that occurs during the policy period. Please note that such expenses will be paid up to the specified amount, and only if they are reported to your insurance carrier in writing within 180 days from the date on which the loss occurs. Back to top

Property Legal Liab. (CP0040)
This coverage is used to provide legal liability protection for loss to property of others that is in your care, custody or control. Back to top

Replacement Cost Valuation
This loss valuation method pays for the cost to repair or replace damaged items with like kind and quality without deduction for depreciation. This is important since you could face a substantial loss if you must replace property at today's prices but receive only the depreciated value of the property that was destroyed. Back to top

Special Causes of Loss (CP1030)
This coverage will protect covered property against direct loss arising from any cause not specifically excluded. The advantage of this form is that the insurance company must prove that a loss is specifically excluded in order to deny coverage under the policy. Back to top

Tees to Greens Coverage
This coverage is used to extend the Property policy to include protection for greens, fairways and other listed items for the perils and amounts specified in the endorsement. Most standard property forms do not automatically cover such items. Back to top

Trees, Shrubs & Plants (CP1430)
This endorsement is used to provide broader coverage and higher limits for outdoor trees, shrubs and plants at your covered premises. This is needed because only limited protection is provided in your standard Property policy. Back to top

Underground Tanks (CP1410)
Coverage for underground tanks and their contents can be added to your policy to ensure that adequate protection is provided. Insuring these items is important because they represent a large financial investment for your firm. Back to top

Vacancy Permit Endorsement Needed (CP0450)
This property policy provision activates when buildings you own or occupy are vacant for more than 60 days. When this occurs, coverage is suspended for loss to insured property that results from vandalism, sprinkler leakage, glass breakage, water damage and theft. For loss by other perils, payments will be reduced by 15%. Buildings are considered vacant when they do not contain enough contents to conduct customary operations or, in the case of building owners, when 70 percent or more of the building is not rented. Back to top