Coverage A. Bodily injury and property damage;
Coverage A. Dwelling
1. We cover:
a. The dwelling on the "residence premises" shown in the Declarations, including struc- tures attached to the dwelling; and
b. Materials and supplies located on or next to the "residence premises" used to construct, alter or repair the dwelling or other struc- tures on the "residence premises".
2. We do not cover land, including land on which the dwelling is located.
Coverage A. Dwelling
1. We cover:
a. The alterations, appliances, fixtures and improvements which are part of the building contained within the "residence premises";
b. Items of real property which pertain exclu- sively to the "residence premises";
c. Property which is your insurance responsi- bility under a corporation or association of property owners agreement; or
d. Structures owned solely by you, other than the "residence premises", at the location of the "residence premises".
2. We do not cover:
a. Land, including land on which the "resi- dence premises", real property or structures are located;
b. Structures rented or held for rental to any person not a tenant of the dwelling, unless used solely as a private garage;
c. Structures from which any "business" is conducted; or
d. Structures used to store "business" prop- erty. However, we do cover a structure that contains "business" property solely owned by an "insured" or a tenant of the dwelling provided that "business" property does not include gaseous or liquid fuel, other than fuel in a permanently installed fuel tank of a vehicle or craft parked or stored in the structure.
Coverage A exclusions
Coverage A. (As respects only Insured Individuals and Facilities covered under Medical Care Availability and Reduction of Error Fund (“MCARE”) and Insured Individuals not covered under MCARE):
1. Seven hundred thousand dollars ($700,000) of Ultimate Net Loss, each Claim, each Insured, each Policy excess of three hundred thousand dollars ($300,000) of Ultimate Net Loss each claim, each Insured, each Policy.
2. For MCARE eligible insureds in Pennsylvania the original policy limits shall be five hundred thousand dollars ($500,000) of Ultimate Net Loss, each Claim, each Insured, each Policy and one million five hundred thousand dollars ($1,500,000) in the aggregate except for those Policies deemed by the Company as Registered Certified Nurses, physician assistants, chiropractors, technicians, respiratory therapist or any other specialty not covered under MCARE, and any Physician Corporation which is not entirely owned by health care providers deemed MCARE ineligible, where the original policy limits shall be one million dollars ($1,000,000) of Ultimate Net Loss, each Claim, each Insured, each Policy and three million dollars ($3,000,000) in the aggregate.
Coverage A. Dwelling
1. We cover:
a. The dwelling on the “residence premises” used as your primary residence shown in the Declarations, including attached structures, other than fences, and attached wall-to-wall carpeting if damage to the dwelling is caused by a covered loss.
b. Materials and supplies located on or next to the “residence premises” used to construct, alter, or repair the dwelling or other structures on the “residence premises”; and
c. In-ground swimming pools including related permanently installed equipment such as pumps and filters.
2. We do not cover land, including land on which the dwelling is located.
Coverage A. Limits – Statutory
Coverage A. Residence
Coverage A. This insurance is primary. Our obligations are not affected by any other insurance that may be primary.
Coverage A. 1. As respects First Professionals Insurance Company: As premium for the reinsurance provided hereunder during each underwriting year, the Company shall pay the Reinsurer 10.4% of its gross net written premium applicable to all subject business for the underwriting year. The Company shall pay the Reinsurer an annual deposit premium of $23,000,000 in four equal installments of $5,750,000, at January 1, April 1, July 1, and October 1 of each underwriting year. In the event this Contract is terminated prior to any December 31, no deposit premium installments shall be due after the effective date of termination.
2. As respects Anesthesiologists’ Professional Assurance Company: As premium for the reinsurance provided hereunder during each underwriting year, the Company shall pay the Reinsurer 20.5% of its gross net written premium applicable to all subject business for the underwriting year. The Company shall pay the Reinsurer an annual deposit premium of $4,850,000 in four equal installments of $1,212,500, at January 1, April 1, July 1, and October 1 of each underwriting year. In the event this Contract is terminated prior to any December 31, no deposit premium installments shall be due after the effective date of termination.
3. As respects Intermed Insurance Company: As premium for the reinsurance provided hereunder during each underwriting year, the Company shall pay the Reinsurer 26.5% of its gross net written premium applicable to all subject business for the underwriting year. The Company shall pay the Reinsurer an annual deposit premium of $9,250,000 in four equal installments of $2,312,500, at January 1, April 1, July 1, and October 1 of each underwriting year. In the event this Contract is terminated prior to any December 31, no deposit premium installments shall be due after the effective date of termination. As respects the items 1, 2, and 3 above, within 60 days after the end of each underwriting year, the Company shall provide a report to the Reinsurer setting forth the premium due hereunder for the underwriting year, computed in accordance with the paragraphs above, and any additional premium due the Reinsurer shall be paid by the Company with its report, and any return premium due the Company shall be remitted promptly. In the event this Contract is terminated prior to any December 31, premium due shall be pro rated accordingly.
