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<br />'~ <br /> <br />POLICY <br />TERRITORY: <br /> <br />While located at the location of the insured project and while in transit within and / <br />or offsite storage and/or offsite fabrication within the fifty (50) states comprising the <br />United States of America, and within the District of Columbia including the territorial <br />coastal waters of any of the foregoing <br /> <br />-. <br /> <br />SPECIAL CONDITIONS: <br />1. Quote is only valid until 10/31/11. Because the general underwriting requirements of the <br />Company may change, we reserve the right to withdraw or amend this document and proposal at <br />any time <br /> <br />2. 100% Fully Earned Premium <br /> <br />3. Policy Form & Endorsements: HISCOX Inc. Completed Value Builders Risk Policy <br />Form until a mutually agreeable form is accepted. <br /> <br />J <br /> <br />4. Perils Excluded: Loss or damage caused by, resulting from, contributed to or made <br />worse by any of the following, all whether direct or indirect, proximate or remote or in whole or in <br />part caused by, contributed to or aggravated by any insured physical loss or damage, except as <br />specifically allowed in the policy: Consequential loss, damage or expense; Cost of making good <br />fault, defect, error, or omission in workmanship, supplies, materials, designs, plans or <br />specifications (resultant damage is covered); War; Nuclear; Inventory Shortage; Infidelity & <br />Dishonesty; Fungus; Pollution & Contamination; Asbestos Removal; Loss or Damage covered by <br />manufacturer / supplier under a guarantee or warranty; Normal subsidence, settling, cracking, <br />expansion, contraction or shrinkage; Cessation of work; Infestation, disease, freeze, drought, hail, <br />ice, snow, vermin, rodent and animal damage to trees, plants shrubs and landscaping; Erosion of <br />finish or rough grades from runoff; Electrical/ Mechanical injury or error / omission in creating <br />processing or copying electronic records; Cyber risk-data recognition; Nuclear, chemical or <br />biological terrorism; Water damage to property in the open and other perils per HISCOX Builders <br />Risk policy form. <br /> <br />j <br /> <br />5. Property Excluded: Land & land value; Water; Vehicles, Existing Property (unless <br />values declared and sublimit provided); Testing of prototypical & used equipment; Property <br />located at other than project site except while in transit or offsite storage / fabrication; Contractor's <br />equipment and other property per HISCOX Builders Risk policy form. <br /> <br />6. Standard Coverage Extensions: Debris Removal; Property in Transit; Property in <br />Offsite Storage and/or Offsite Fabrication; Expediting Expense; Plans & Blueprints; Fire <br />Department Service Charges / Extinguishing Expenses; Cold Testing; Trees, Plants, Shrubs & <br />Landscaping Materials. <br /> <br />-" <br /> <br />7. Optional Coverage Extensions: Damage to Existing Property (Limited or All Risk); <br />Ordinance & Law / Demolition & Increased Cost of Construction; Contractor's Extra <br />Expense; Pollution & Contamination Cleanup & Decontamination; Interior Water <br />Intrusion Damage; Claim Preparation Costs; Mold & Fungus Remediation; Delay In <br />Completion. <br /> <br />-l <br /> <br />5 <br />