| The Commercial Property Enhancement Endorsement provides superior protection for your business' buildings, structures, equipment, supplies and inventory. Designed specifically to provide broad coverage for a variety of losses, the Commercial Property Enhancement Endorsement can enhance your company's financial well-being.
Protecting Your Business Protecting your business with the right insurance coverage is important and the Commercial Property Enhancement Endorsement from Western Reserve Group can help. This endorsement combines many frequently requested property coverages to round out your insurance program. Though most of these coverages could be purchased separately, by bundling these coverages together in one endorsement you are able to obtain the needed coverages conveniently and more cost effectively. Ask your Independent Insurance Agent to quote a Commercial Property Enhancement Endorsement with your Western Reserve Group commercial policy today! Eligibility: - Causes of Loss - Special Form CP 10 30 must be applicable and theft must be covered.
- Building(s) should be constructed within the last 40 years or have been substantially modernized during the last 40 years. Modernization would include plumbing, heating, electrical, etc.
- If buildings are insured, replacement cost coverage must be provided on all buildings.
- Minimum coinsurance is 80%.
This brochure is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the Commercial Property Enhancement Endorsement. Please refer to the endorsement for actual terms, conditions, coverages, limits and exclusions.
Commercial Property Enhancement Endorsement - (WCP 05 Ed 3/04)
COVERAGE OVERVIEW The following chart provides a brief overview of the additional coverage and limits provided by WCP 05. Please review WCP 05 for further information, as this overview is not all-inclusive. | Coverage | Without
Enhancement | With
Enhancement | | | Accounts Receivable | $0 | $10,000 | | | Arson Reward (no deductible) | $0 | $5,000 | | | Backup Of Sewers And Drains ($1,000 deductible) | $0 | $5,000 | | | Business Income Utility Services Exclusion is applicable if failure occurs | "Outside of a covered building" | "Away from the described premises" | | | Debris Removal | $10,000 | $25,000 | | | Extra Expense (no deductible) | $0 | $10,000 | | | Fire Department Service Charge (no ded) | $1,000 | $10,000 | | | Fire Extinguisher Recharge Expense (no deductible) | $0 | $2,500 | | | Inventory and Appraisals | $0 | $2,500 | | | Lock Replacement (no deductible) | $0 | $1,000 | | | Newly Acquired Building | $250,000
30 days | $500,000
90 days | | | Newly Acquired Locations Business Income Extension | 30 days | 90 days | | | Newly Acquired Personal Property | $100,000
30 days | $250,000
90 days | | | Off Premises Power Interruption | $0 | $10,000 | | Ordinance Or Law:
| - Loss To The Undamaged Portion of the Building | $0 | $25,000 | | - Demolition Cost | $0 | $10,000 | | - Increased Cost of Construction | Lesser of $10,000
or 5% of bldg. limit | $10,000 | | | Outdoor Property - (not more than $250 any one tree, shrub or plant) | $1,000 | $10,000 (excluding signs not attached to buildings) | | Personal Effects And Property of Others:
| - Each Premises | $2,500 | $10,000 | | - Any One Person | $2,500 | $2,500 | | | Pollutant Clean-Up and Removal | $10,000 | $25,000 | | | Property In Transit - includes property in care, custody, control of salespersons | $5,000 | $10,000 | | | Property Off-Premises | $10,000 | $15,000 | | Signs:
| - Outdoor signs attached to buildings | $1,000 | $2,500 | | - Outdoor signs not attached to buildings | Included in Outdoor Property | $2,500 for all covered causes of loss | | | Valuable Papers | $2,500 | $25,000 | | | Vacancy Description of Terms - This percent of the building must be occupied to avoid being considered vacant and causing coverage limitations due to vacancy. | 31% | 11% | | | |