This insurance coverage will provide Replacement Coverage for Contents of every description following damage to such property belonging to the club or community group caused by an insured peril. Many Non-profit, associations or community groups are administrative in nature and require cost effective coverage to protect their office equipment from damage. Purchasing the right coverage for your organization is important and necessary in providing limited interruption in servicing your memberships should a claim arise. Property Contents insurance ensures protection to your organization by getting your operation back up and running in an efficient way.

Definitions

“Contents”: includes furniture, furnishings, fixtures, machinery, tools, utensils, appliances, books of accounts, drawings and other records and generally all office contents of every description used in the conduct of the Insured business or profession.

EXTENSIONS OF COVER

THE FOLLOWING EXTENSIONS OF COVERAGE SHALL NOT INCREASE THE AMOUNT APPEARING UNDER SECTION A: COMMERCIAL BUILDING, EQUIPMENT AND STOCK.

SECTION 1

The following Extensions of Coverage apply in addition to the limits of insurance stated on the Declaration Page(s) for the Building, the Contents or the Property of Every Description and are subject to all conditions of the policy. These Extensions are limited to $1,000,000 in respect of any one occurrence.

SECTION 1 - BLANKET EXTENSIONS
Item Extensions of Coverage Amount of Insurance per occurrence
1Accounts Receivable$1,000,000
2Brands and Labels
3Building Damage by Theft
4Environmental (Green) Upgrade
5Expediting Expenses
6Fire or Police Department Service Charge
7Fire Suppression Recharge Expense
8Personal Property of Officers, Employees and Volunteers
9Professional Fees
10Proof of Loss and Inventory Preparation Expense
11Replacement of Locks and Keys
12Tenant Leasehold Interest - Rents
13Valuable Papers and Records, Computer Data

SECTION 2

The following Extensions of Coverage apply in addition to the limits of insurance stated on the Declaration Page(s) for the Building, the Contents or the Property of Every Description and are subject to all conditions of the policy. These Extensions are limited to $250,000 in respect of any one occurrence.

SECTION 2 - BLANKET EXTENSIONS
Item Extensions of Coverage Amount of Insurance
0Accrued Storage Charges$250,000
1Arson and Theft Reward
2Consequential Loss - Off-premises Service Interruption
3Contents at Insured or Insured's Employees Residence
4Contents at Other than Specified Locations
5Contents Temporarily Away from the Premises
6Deferred Payment Plan Stock
7Exhibition Floater
8Fine Arts
9Fines, Damages or Penalties for Breach of Contract
10Installation Floater
11Mobile Inventory Management Equipment
12Mortgage Rate Guarantee
13Moulds and Patterns
14Property in Custody of Sales Representatives

SECTION 3

Except for Extensions 35, 41, 43, 45, 46, 59 and 61 to 64, the following Extensions of Coverage apply in addition to the limits of insurance stated on the Declaration Page(s) for the Building, the Contents or the Property of Every Description and are subject to all conditions of the policy.

SECTION 3 - INDIVIDUAL EXTENSIONS
Item Extensions of Coverage Amount of Insurance
29Bailee's Customer$25,000
30Breakdown of refrigeration or heating equipment on vehicle$50,000
31Building by-laws
31.1Value of undamaged portionIncluded
31.2Cost of demolitionIncluded
31.3Increased cost of construction10% / $1,000,000
32Catch all Clause$50,000
33Computer System$100,000
Computer Media$50,000
Computer Data$50,000
34Condominiums - Common elements contents or common area contents$100,000
35Condominiums - Common expenseIncluded
36Condominiums - Trustees fees$100,000
37Condominiums - Property in custody$5,000 / $75,000
38Condominiums - Unit Owners Additional Coverages
38.1Contingent Condominium Unit Coverage$350,000
38.2Special Loss Assessment$350,000
38.3Betterments and Improvements$50,000
39Confiscation or Seizure of Property$10,000
40Construction of Additions, Extensions, Alterations and Repairs$150,000
41Contamination, Marring or Scratching, ShrinkageIncluded
42Crane Operator's Insurance$25,000
43Dampness or Dryness; Temperature ChangeIncluded
44Debris Removal Expenses10% / $1,000,000
45Electrical Devices, Appliances or WiringIncluded
46Entrance of Rain, Sleet or SnowIncluded
47Extra Expenses$100,000
48Growing Plants, Trees, Shrubs, Lawns or Flowers$50,000
49Land and Water Pollutant Clean Up Expenses$100,000
50Money and Securities$1,000
51Newly Acquired Contents$500,000 (Equipment) / $25,000 (Stock) / (30 days)
52Newly Acquired Locations$2,000,000 (Building) / 500,000 (Contents) / (90 days)
53New Generation$50,000
54Office Business Contents$50,000
55Peak Season Increase25%
56Precious Metals$25,000
57Property in Transit$50,000
58Property Leased, Rented or Loaned$100,000
59Removal60 days
60Roadways, Walkways and Parking Lots$100,000
61Seepage, Leakage or Influx of WaterIncluded
62Settling, Expansion, Shifting or CrackingIncluded
63Sewers, Drains, WatermainsIncluded
64Snowslide, Landslide, SubsidenceIncluded
65System Software Erasure$25,000
66Unscheduled Tool Floater$10,000
67Warehouseman's Legal Liability$100,000

SECTION 4

Item SPECIAL PROVISIONS
Basis of valuation - Replacement Cost
Notice of Cancellation/Termination Amendment
Territorial Limits
Waiver of Deductible for a Major Loss

Note: See the wording of each Extension for full conditions of coverage.

This description is issued as a matter of information only and for full terms and conditions you should refer to the policy wording.
We accept no responsibility whatsoever for any inadvertent or negligent act, error or omission on our part in preparing these statements or for any loss, damage or expense thereby occasioned to any recipient of this notice.

Get your Property Contents Insurance quote online now.