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America's #1 nationally brokered Bed and Breakfast / Country Inn Insurance * Toll Free: 877-275-7235 Fax: 240-405-1450 * E-mail: inquire@premierprograms.com |
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Property Coverages, (Manuscript Policy with its foundation in standard ISO property coverage forms providing the following coverages and more.) · COVERAGE CHANGES - o
Financially Strong Non-Admitted Carrier's: §
A)
Great Lakes UK, a Munich Re company (rated A+15) and Western World Insurance (rated A+7) §
B)
Lloyd's of London (rated A+11)and Western World Insurance (rated A+7) §
GL
LIMITS: $1,000,000 (occurrence)/$2,000,000(aggregate) §
No
Separate MED PAY, The GL will handle claim issues §
HABITATIONAL BUILDING COVERAGE REMIANS GUARANTEED REPLACEMENT
COST. - Under the Great Lakes UK and Lloyd's programs,
building coverage is "UNLIMITED" GUARANTEED REPLACEMENT COST §
Building
values will be set primarily by an osite inspetion and appraisal and in some
cases by a MARSHALL SWIFT BOECKH cost estimator approved by the carrier's. §
FIRE
LEGAL LIABILITY, $100,000 on any one premise rented to you. §
Clients
MUST SIGN the APPLICATION to be eligible for binding. §
Building: o
Guaranteed
Replacement Cost on all habitational buildings. Our carriers now require a
3rd party inspection for adherence to underwriting quidlelines and an
independent accurate valuation of all habitational buildings for guaranteed
replacement cost coverage. Castle Inspection Service will be hired to perform
this function. o
Functional
Replacement Cost at agreed value on all out buildings. o
Cause
of Loss, (Special Form.) o
Glass
included in the building limit. o
Signs
attached to the building included in the building limit. o
Outdoor
property (includes unattached signs) at $10,000. o
Fire
department service charge, ($ 5,000 with no deductible.) o
Ordinance
or Law and demolition cost/increased cost of construction, ($ 100,000.) o
Back-up
of sewer/drain. o
Collapse. o
Limited
builders risk included, $250,000 at each building, coverage expires 30 days
after start of construction, property must then be added to policy for
coverage. o
Contents o
Cause
of Loss, (Special Form.), 80% Co-insurance applies o
$50,000.00
min. or $10,000.00 per guestroom which ever is greater. o
Contents
coverage is subject to the policy limit. o
The
contents limit applies to those premises listed on declaration page. o
Coverage
Territory, (Anywhere in the world including Airborne and Waterborne.) o
Personal
property of others, ($ 25,000.) o
Personal
property in open, ($ 10,000.) o
$
500 limit for any tree, shrub, or plant. o
Replacement
cost for antiques, (Any antique valued at or over $15,000.00 or irreplaceable
antiques should be scheduled.) o
Back-up
of sewer/drain. o
Property
off premise and transit, (Contents limit.) o
Spoilage. o
Accounts
receivable, ($ 20,000.) o
Furs,
($ 5,000 theft limit.) o
Jewelry,
watches, precious stones and metals, ($ 5,000 theft limit.) o
Fine
art, (Replacement costs applies or scheduling available.) o
Business
Income: o
Actual
loss sustained up to12-month period, (No Waiting Period.) o
Extra
expense. o
90-day
increased period of restoration. o
Loss
of use & additional living expense, ($ 50,000) o
Alternate
lodging for guests, ($ 25,000) o
Off
premise power failure, no distance limitation (Actual loss sustained with no
waiting period). o
Power,
communications, and water supply. o
Overhead
transmission lines. o
Mechanical
Breakdown: o
All
electrical, mechanical, air conditioning, production equipment, and electric
arcing. o
Heating
boilers, pressure vessels, steam boilers, and pipes. o
$50,000
sub-limit on all mechanical breakdown coverage's. o
Loss
of income and extra expense. o
Inspections
performed by Hartford Steam Boiler when required. o
Off
premise power. o
Building
limit with the following sub-limits: Expediting expense, (see above) CFC Refrigerants, (see above) Hazardous substances, (see above) Spoilage, (see above) Computers, (see above) o
Crime: o
Employee
dishonesty, ($10,000.) o
Forgery
or alteration, ($ 10,000.) o
Money,
securities, in & out, ($ 10,000.) Liability Coverages -
Policy includes a standard ISO CGL form with an exclusive Lodging
Endorsement. The combination of these provide the following coverages.(NOTE:
Risks where total value of all buildings, contents, and business income
receipts exceed $5 million in value, must have GL quoted by Old Line) o
General
Liability:
§
Liquor
liability is excluded in states where Liquor Liability State Hazard Grade is
9 and/or 10. (Alabama, Washington D.C. and Vermont) §
All
liquor receipts must be reported. §
Flat
charge for coverage if liquor is sold to guests w/o restaurant. §
Liquor
sold in conjuction with a restaurant must be referred to Old Line. §
All restaurant / catering receipts must be reported for the referral.
o
Owned
watercraft of the following description. §
Canoes
and rowboats, (not including inflatable crafts.) §
Motor
driven craft with motors 10 horsepower or less. §
Sailboats
18 feet and under in overall length §
Pontoon
boats, (Contact OLD LINE) Special Exclusions,
(Commercial liability arising from the following activities.) §
Fishing,
hunting, sightseeing, hot air ballooning or any other outdoor trip, excursion
or activity which is organized, arranged, sponsored, guided or led by named
insured or employee. §
Use
of snowmobiles, all terrain vehicles, or any other motorized craft, this does
not apply to operation of a golf cart by a named insured or employee. §
Tent
sites, campground, recreational vehicle parking, or any other form of
overnight accommodation not located in a building described on the
declaration page. §
Horseback
riding, carriage rides, dog sledding or any other activities involving a
horse or other animal to transport people. §
Downhill
skiing, tobogganing, sledding, ice-skating or any other outside activity
dependent on snow or ice, this does not apply to cross country skiing §
Use
of tubes, canoes, kayaks, rafts or any other floatation device to navigate
rapids or whitewater rated class I through VI. §
Use
of pools or other bodies of water for swimming when a diving board, slide,
swing or any other similar device is present. |
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