Common use of Landlord Insurance Clause in Contracts

Landlord Insurance. Landlord and Landlord’s contractors shall carry and maintain the following insurance coverage with respect to the Premises during the Lease term: 1) Commercial General Liability Insurance covering operations by, or on behalf of, Landlord on an occurrence basis against claims for bodily injury, property damage and personal injury liability with minimum limits of (a) $1,000,000 each occurrence; (b) $2,000,000 general aggregate; (c) $2,000,000 products and completed operations aggregate. 2) Property Insurance covering the Building, including the Premises, its equipment, and Xxxxxxxx’s interest in improvements and betterments on an "All Risk" basis, including where appropriate the perils of Flood and Earthquake. Coverage shall be written with a Replacement Cost valuation and include an agreed value provision. The deductible amount shall not exceed $25,000 unless approved by Tenant. The policy shall also include a rental income extension.