Property Exclusions

The Property Policy excludes the following:

  • Cash collections
  • Damage or consequential loss directly or indirectly caused by or arising out of failure of any computer, data processing equipment or media. Does not apply to ensuing loss, if not otherwise excluded from policy.
  • Mold
  • Terrorism
  • Other standard or non-standard policy exclusions

Loss Valuations:

  • No co-insurance requirement
  • Replacement cost on buildings (loss will be settled on Actual Cash Value basis if replacement not contemplated). Actual Cash Value on Contents, which accounts for depreciation, unless permanently affixed to building. Actual Loss Sustained for Business Interruption.