Common use of BUILDERS RISK ENDORSEMENTS Clause in Contracts

BUILDERS RISK ENDORSEMENTS. A. For Coverage of Existing Building Structures: 1. Contractor shall include an endorsement on the Builders Risk Insurance policy to provide coverage for the existing building structure(s), including its/their contents, as described below. Coverage shall be in the amount equal to either $5 million or the estimated replacement value of the existing building structure and its contents, whichever is less. 2. The purpose of this coverage is to fund the $5 million deductible under the Owner’s existing property insurance policy which addresses the risk and possible cost of claims to repair damage to existing structure (this purpose should be explained to the Builders Risk Insurance carrier when requesting the quote). The existing building structure to be covered is the Warehouse Complex-Pawnee Street building, and its estimated building replacement value is $8,916,395.00. Its estimated contents value is $5,192,967.00.

BUILDERS RISK ENDORSEMENTS. A. For Coverage of Existing Building Structures: 1. Contractor shall include an endorsement on the Builders Risk Insurance policy to provide coverage for the existing building structure(s), including its/their contents, as described below. Coverage shall be in the amount equal to either $5 million or the estimated replacement value of the existing building structure and its contents, whichever is less. 2. The purpose of this coverage is to fund the $5 million deductible under the Owner’s existing property insurance policy which addresses the risk and possible cost of claims to repair damage to existing structure structure(s) (this purpose should be explained to the Builders Risk Insurance carrier when requesting the quote). The existing building structure structure(s) to be covered is the Warehouse Complex-Pawnee Street R. Xxx Xxxxx Clinic building, and its estimated building replacement value is $8,916,395.00282,047,532. Its estimated contents value is $5,192,967.0040,364,673.

BUILDERS RISK ENDORSEMENTS. A. For Coverage of Existing Building Structures: 1. Contractor shall include an endorsement on the Builders Risk Insurance policy to provide coverage for the existing building structure(s), including its/their contents, as described below. Coverage shall be in the amount equal to either $5 million or the estimated replacement value of the existing building structure and its contents, whichever is less. 2. The purpose of this coverage is to fund the $5 million deductible under the Owner’s existing property insurance policy which addresses the risk and possible cost of claims to repair damage to existing structure structure(s) (this purpose should be explained to the Builders Risk Insurance carrier when requesting the quote). The existing building structure structure(s) to be covered is the Warehouse Complex-Pawnee Street Xxxxxx X. and Xxxxxxxx X. Xxxxx Hospital building, and its estimated building replacement value is $8,916,395.00484,967,891.50. Its estimated contents value is $5,192,967.00146,488,173.53. B. Umbrella Liability Limits: 1. For Non-ROCIP Projects, Limits as follows: