Common use of Insurance to Protect Project Clause in Contracts

Insurance to Protect Project. 9.4.1 The Construction Manager will purchase and maintain property insurance in a form acceptable to the Owner upon the entire Project for the full cost of replacement as of the time of any loss. This insurance will include as named insureds, the Owner and the Construction Manager, Trade Contractors and their Trade Subcontractors and will insure against loss from the perils of Fire, Extended Coverage, and will include "All Risk" insurance for physical loss or damage including, without duplication of coverage, at least theft, vandalism, malicious mischief, transit, collapse, flood, and earthquake. The Construction Manager will increase limits of coverage, if necessary, to reflect estimated replacement cost. The Construction Manager will be responsible for any coinsurance penalties or deductibles.

Insurance to Protect Project. 9.4.1 9.3.1. The Construction Manager will purchase and maintain property insurance in a form acceptable to the Owner upon the entire Project for the full cost of replacement as of the time of any loss. This insurance will include as named insuredsinsured, the Owner and the Construction Manager, Trade Contractors and their Trade Subcontractors and will insure against loss from the perils of Fire, Extended Coverage, and will include "All Risk" insurance for physical loss or damage including, without duplication of coverage, at least theft, vandalism, malicious mischief, transit, collapse, flood, and earthquake. The Construction Manager will increase limits of coverage, if necessary, to reflect estimated replacement cost. The Construction Manager will be responsible for any coinsurance penalties or deductibles.