Products

City Homes Insurance Program

Coverage Highlights*

Property
Liability

PROPERTY

Named Insured

As Per Policy Declarations page and if applicable, included on the Amendment of Named Insured Endorsement.

Perils Insured Against

"Covered Cause of Loss" which actually occurs during the policy period. "Covered Cause of Loss," means risks of direct physical loss unless the loss or damage is excluded or limited by other provisions.

Includes coverage for the following:

Ordinance or Law

Loss to Undamaged Portion of Building

Demolition Cost

Debris Removal

Increased Cost of Construction

Back Up of Sewers and Drains

Transit

Flood

Earthquake, except California

Mechanical Breakdown

Steam Explosions or Ruptures

Terrorism Foreign/Domestic (included automatically)

Property Covered

All Real and Personal Property owned by the Insured including:

Interest in Improvements and Betterments to buildings or structures

Personal Property of employees

Accounts Receivable

EDP Equipment

Valuable Papers and Records

Outdoor Trees, Plants and Shrubs

Heating/Cooling systems

Refrigeration Units

Machinery

Compressors

Additional Coverage

Business Income coverage (if value has been reported):

Rental Income

Interruption by civil authority (30 days)

Extended period of indemnity (180 days)

Off-premises service interruption

Limit Of Insurance

Blanket per location for Real Property, Personal Property (owned or leased by the insured), Improvements and Betterments and Business Income combined, NOT TO EXCEED $6 MILLION PER LOCATION.

Note: Real Property, Personal Property and Business Income are covered only if a corresponding value has been reported, as per schedule on file with company.

Sub-Limits

Part of, not in addition to, the Limits of Liability

$1,000,000*	Earth Movement including Earthquake Sprinkler Leakage, per occurrence and annual aggregate per policy
Not Covered	Earth Movement coverage does not apply in the State of California or any properties located in Mercalli Zones MM 7 or higher (Properties in Mercalli Zones MM 7 or higher,may be submitted for consideration - contact your underwriter for such exceptions)
$1,000,000*	Flood, per occurrence and annual aggregate per policy, in Zones C, X or better.(Flood insurance may be considered for properties in Flood Zones A, B, D, V and X-Shaded - contact your underwriter for such exceptions)
$1,000,000	Newly Acquired or Constructed Buildings
$1,000,000	Newly Acquired Business Personal Property
Included Cost	Undamaged Portion, Increased Cost of Construction,Demolition Cost
25% of physical damage loss payment	Debris Removal (180 days reporting period)
$25,000	Personal Effects Of Employees
$100,000	Valuable Papers And Records
$50,000	Property In Transit
$100,000	Accounts Receivable Records
$25,000	Fine Arts Computer Equipment, Media, Data and Programs:
$250,000	Equipment
$100,000	Media, Data and Programs
$100,000	Your Outdoor Property
$10,000	Sod, Trees, Shrubs And Plants
$50,000	Covered Property Not On Premises
$20,000	Money And Securities - On Your Premises
$10,000	Money And Securities - Away from Your Premises
$10,000	Salesperson's Samples

Where the limit of insurance is indicated as included, such coverage shall follow the Limit(s) of Insurance provided by the policy.

* Denotes an annual aggregate limit.

Supplemental Coverages:

The limits of Insurance for the following Supplemental Coverages are in addition to the Limits of Insurance for Covered Property. Higher limits may be available:

$25,000	Debris Removal
$25,000	Fire Department Service Charge
$25,000	Pollutant Clean Up And Removal
$10,000	Recharge of Fire Protection Equipment
$50,000	Extra Expense
$15,000	Deferred Payments
$20,000	Theft of Furs, Jewelry, Stamps And Other Specified Items
$10,000	Reward Payment Data and Programs extended covered cause of loss:
$5,000*	Property Coverage Form
$5,000*	Business Income and Extra Expense Coverage Part
$15,000*	Fungus, Wet Rot, Dry Rot and Bacteria - Limited Coverage
$500,000	Newly Acquired Premises Business Income
$100,000	Dependent Property Business Income Off Premises Utility Failure:
$100,000	Property Coverage Form
$25,000	Business Income and Extra Expense Coverage Part
Included	Equipment Breakdown:
$25,000	Expedition Expenses
$25,000	Hazardous Substances
$25,000	Spoilage
$25,000	Computer Equipment
$25,000	Data Restoration
$25,000	Service Interruption
Included	Business Income
Included	Extra Expense
Included	Dependent Property
Included	Ordinance or Law

Where the limit of insurance is indicated as included, such coverage shall follow the Limit(s) of Insurance provided by the policy.

* Denotes an annual aggregate limit.

Limitations

Vacancy Clause

Exclusions

See policy form for complete lists of exclusions.

Additional Exclusions

Fungus/Mold (Limited Coverage)
California Earthquake
Florida Windstorm

Valuation

In the event of loss or damage to the property insured, the basis of adjustment shall be:

All Real & Personal Property - Replacement Cost

Business Income - Actual Loss Sustained (Only if a value has been reported to the carrier; otherwise, not covered.)

Fine Arts - Market Value

Deductibles

$25,000	Earth Movement deductible, per occurrence, applies to Building/ Personal Property and a separate
$25,000	Earth Movement deductible, per occurrence, applies to Business Income Properties in Mercalli Zones MM 7 or higher, may be submitted for consideration with a deductible of 5% of TIV
$25,000	Flood deductible applies, per occurrence applies to Building/ Personal Property and a separate
$25,000	Flood deductible applies per occurrence, applies to Business Income
See Policy	Windstorm deductible for properties in Windstorm Control Zones as follows:
2% of Value	Subject to a minimum of $25,000 for Delaware southward through Texas (excluding Florida)
2% of Value	Subject to a minimum of $10,000 for areas north of Delaware through and including Maine
See Proposal/Policy	All Other Perils (AOP) Deductible: $2,500/$5,000/$10,000/$25,000 are available

Co-Insurance

Coinsurance does not apply.

Cancellation Provisions

Ten (10) days for non-payment of premium/fees

Thirty (30) days for underwriting reasons - Must follow individual state requirements

Sixty (60) days for non-renewal - Must follow individual state requirements

The coverage information contained herein is a summary only; refer to the actual policy for full terms, conditions, exclusions and limitations. In the event of a conflict between this summary and the actual policy, the provision of the actual policy will govern.

COMMERCIAL GENERAL LIABILITY

Named Insured

Distinguished Properties Associates Inc., a Risk Purchasing Group and its members. All Named Insureds must be specifically scheduled on the policy.

Limits of Liability
$1,000,000	Each Occurrence, Bodily Injury, Property Damage, Personal and Advertising Injury
$2,000,000	General Aggregate, per location Bodily Injury, Property Damage, Personal and Advertising Injury
$1,000,000	Products / Completed Operations Aggregate
$1,000,000	Hired and Non-Owned Auto Liability
$50,000	Fire Damage Legal Liability
$5,000	Medical Payments
$1,000,000	Employee Benefits Liability, each occurrence
$2,000,000	Employee Benefits Liability, aggregate
$500,000	Employers Liability - Stop Gap Coverage (Monopolistic States)

Locations Covered

Designated Premises only

Coverage

Commercial General Liability using ISO GL 2001 Occurrence Form amended to include the following endorsements:

Endorsement Highlights:

Specified Named Insured

Designated Premises

General Aggregate limits apply per location

Real Estate Property Managed Limitation

Hired Auto and Non-Owned Auto Liability (Excess over any other insurance)

Employee Benefits Liability - Claims Made Coverage - $1,000 deductible

Employee Benefits Liability - Occurrence Form - TX only - $1,000 deductible

Coverage for Sudden and Accidental Pollution arising out of hostile fire and building equipment

Additional Insured - Mortgagee, Assignee or Receiver

Additional Insured - State or Political Subdivisions - Permits Relating To Premises

Additional Insured - Condominium Unit Owners

Knowledge, Notice, Unintentional Errors & Omissions

Coverage according to Terrorism Risk Insurance Act of 2002 is included

Limitations

This program is for real estate risks and is designed to insure O, L & T Lessor's Risk Exposures usual and customary to a real estate owner, operator and/or manager. Any other exposures such as development, ground up construction, etc. are not insured.

Insurance is afforded for designated premises. Newly acquired locations must meet our Program's eligibility requirements and must be reported to our office for approval prior to the 30th day after acquisition.

Special Exclusions
In addition to the exclusions included on the GL 2001 coverage form:

Professional Liability

Absolute Lead

Fungi, Bacteria and Viruses

Construction Activities

Explosion, Collapse and Underground Hazard Exclusion

Designated Operations covered by a Consolidated (Wrap-Up) Insurance Program

War Liability Exclusion

Unscheduled Activity and Events Exclusion

Web Site Related Personal and Advertising Injury Exclusion

Directors and Officers Liability Exclusion

See policy form for other exclusions

Territory

Available in the metropolitan areas of Washington DC, Baltimore, Philadelphia, Denver, Seattle, Chicago

Cancellation Provisions

Ten (10) days for non-payment of premium

Thirty (30) days for underwriting reasons (or as per state regulations)

Sixty (60) days for non-renewal (or as per state regulations)