Common use of Builder’s Risk Insurance Coverage Clause in Contracts

Builder’s Risk Insurance Coverage. (If Applicable). DeKalb County shall procure and maintain Builders Risk Insurance on the entire work which provides “All- risk” form that shall at least include insurance for physical loss or damage to the Work, temporary buildings, falsework, and materials and equipment in transit, and shall insure against at least the following perils or causes of loss: fire, lightning, extended coverage, theft, vandalism, malicious mischief, earthquake, collapse, debris removal, demolition occasioned by enforcement of Laws and Regulations, water damage (other than caused by flood), and such other perils or causes of loss as may be specifically required by Supplementary Conditions) until Final Completion and Acceptance of the Project. Such policy of insurance shall contain at least the following sub-limits of insurance and deductibles: Property in Transit $1,000,000 Property in Offsite Storage $1,000,000 Plans & Blueprints $25,000 Debris Removal 25% of Insured Physical Loss Delay in Completion / Soft Cost TBD Ordinance of Law (Increased Cost of Construction) $1,000,000 Flood and Earthquake TBD – Full Contract Value Deductibles: Flood and Earthquake $25,000 Water Damage other than Flood $100,000 All other Perils $10,000

Builder’s Risk Insurance Coverage. (If Applicable). DeKalb County shall procure and maintain Builders Risk Insurance on the entire work which provides “All- All-risk” form that shall at least include insurance for physical loss or damage to the Work, temporary buildings, falsework, and materials and equipment in transit, and shall insure against at least the following perils or causes of loss: fire, lightning, extended coverage, theft, vandalism, malicious mischief, earthquake, collapse, debris removal, demolition occasioned by enforcement of Laws and Regulations, water damage (other than caused by flood), and such other perils or causes of loss as may be specifically required by Supplementary Conditions) until Final Completion and Acceptance of the Project. Such policy of insurance shall contain at least the following sub-limits of insurance and deductibles: Property in Transit $1,000,000 Property in Offsite Storage $1,000,000 Plans & Blueprints $25,000 Debris Removal 25% of Insured Physical Loss Delay in Completion / Soft Cost TBD Ordinance of Law (Increased Cost of Construction) $1,000,000 Flood and Earthquake TBD – Full Contract Value Deductibles: Flood and Earthquake $25,000 Water Damage other than Flood $100,000 All other Perils $10,000

Builder’s Risk Insurance Coverage. (If Applicable). DeKalb County shall procure and maintain Builders Risk Insurance on the entire work which provides “All- All-risk” form that shall at least include insurance for physical loss or damage to the Work, temporary buildings, falsework, and materials and equipment in transit, and shall insure against at least the following perils or causes of loss: fire, lightning, extended coverage, theft, vandalism, malicious mischief, earthquake, collapse, debris removal, demolition occasioned by enforcement of Laws and Regulations, water damage (other than caused by flood), and such other perils or causes of loss as may be specifically required by Supplementary Conditions) until Final Completion and Acceptance of the Project. Such policy of insurance shall contain at least the following sub-limits of insurance and deductibles: Property in Transit $1,000,000 Property in Offsite Storage $1,000,000 Plans & Blueprints $25,000 Debris Removal 25% of Insured Physical Loss Delay in Completion / Soft Cost TBD Ordinance of Law (Increased Cost of Construction) $1,000,000 Flood and Earthquake TBD – Full Contract Value Deductibles: Flood and Earthquake $25,000 Water Damage other than Flood $100,000 All other Perils $10,000

Builder’s Risk Insurance Coverage. (If Applicable). DeKalb County shall procure and maintain Builders Risk Insurance on the entire work which provides “All- All-risk” form that shall at least include insurance for physical loss or damage to the Work, temporary buildings, falsework, and materials and equipment in transit, and shall insure against at least the following perils or causes of loss: fire, lightning, extended coverage, theft, vandalism, malicious mischief, earthquake, collapse, debris removal, demolition occasioned by enforcement of Laws and Regulations, water damage (other than caused by flood), and such other perils or causes of loss as may be specifically required by Supplementary Conditions) until Final Completion and Acceptance of the Project. Such policy of insurance shall contain at least the following sub-limits of insurance and deductibles: Sub-limits: Property in Transit $1,000,000 Property in Offsite Storage $1,000,000 Plans & Blueprints $25,000 Debris Removal 25% of Insured Physical Loss Delay in Completion / Soft Cost TBD Ordinance of Law (Increased Cost of Construction) $1,000,000 Flood and Earthquake TBD – Full Contract Value Deductibles: Flood and Earthquake $25,000 Water Damage other than Flood $100,000 All other Perils $10,000