|
COMMERCIAL PROPERTY ENHANCEMENT
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% |
|
|
|
