AMLJIA Participant Coverage Memorandum Ð Section I, Agreements A - G
| Locations Covered: |
Members' property at locations scheduled with the Association.
|
|
| Property Covered: |
Scheduled buildings and their contents, mobile equipment,
electronic data processing hardware, software and data, fine arts and
garaged vehicles which:
1. are owned or in which there is an obligation to insure, and 2. includes improvements. |
|
| Limit Each Occurrence: |
$1,000,000,000
|
|
| Sub limits: | Animals: Except specially trained animals $50,000 | $1,000,000 |
| Automatic Acquisitions | $25,000,000 | |
| Combined Business Interruption, as scheduled | $100,000,000 | |
| Contingent business interruption | $1,000,000 | |
| Course of Construction | $25,000,000 | |
| Demolition/Increased Cost of Construction | $25,000,000 | |
| Errors and Omissions | $40,000,000 | |
| Expediting Expenses | $2,500,000 | |
| Extra Expense | $40,000,000 | |
| Jewelry, Furs, Precious Metals and Stones | $500,000 | |
| Landscaping, Trees, Sand Traps, Greens | $1,000,000 | |
| Monies and Securities | $100,000 | |
| Off Premises Services Interruption | $10,000,000 | |
| Personal Property outside the U.S.A. | $500,000 | |
| Property in Transit | $10,000,000 | |
| Tunnels, bridges, dams, roads, sidewalks culverts, and street lights, unscheduled | $250,000 | |
| Sabotage and Terrorism | $100,000,000 | |
| Unscheduled Fine Arts | $2,500,000 | |
| Scheduled watercraft 27 feet or less | $1,000,000 | |
| Deductibles: | (Various/per Participant request): $5,000 - $100,000 | |
| Valuation Clause: |
|
| All values must be scheduled at: Full Replacement Cost | |
| If, following an insured loss, it is determined
that the replacement value for the damaged property is understated by more
than 20%, the named insured will be billed for additional premium in accordance
with the corrected replacement value. |
|
| Boiler & Machinery - Optional Coverage |
|
| Limit Each Occurrence | $100,000,000 |
| Deductibles | $10,000 - $350,000 |
NOTE: This summary of coverage is intended to aid
your understanding of the AMLJIA
self-insurance and pooling program. It is not intended to replace,
supersede or supplement
your Participant Coverage Memorandum, the Association's
Bylaws or the Cooperative
Participation Agreement.