Condominium Commercial Unit-Owners Optional Coverages

POLICY NUMBER: COMMERCIAL PROPERTY CP 04 21 02 12

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

FLORIDA CHANGES – CONDOMINIUM COMMERCIAL UNIT-OWNERS OPTIONAL COVERAGES

This endorsement modifies insurance provided under the following:

CONDOMINIUM COMMERCIAL UNIT-OWNERS CHANGES – STANDARD PROPERTY POLICY CONDOMINIUM COMMERCIAL UNIT-OWNERS COVERAGE FORM FLORIDA CHANGES – COMMERCIAL UNITS IN RESIDENTIAL CONDOMINIUMS – STANDARD PROPERTY POLICY

SCHEDULE

Premises Number: Building Number: Unit Number:

Loss Assessment Miscellaneous Real Property Limit Of Insurance: $ Limit Of Insurance: $

Deductible: $ Additional Premium: $

Additional Premium: $

Premises Number: Building Number: Unit Number:

Loss Assessment Miscellaneous Real Property Limit Of Insurance: $ Limit Of Insurance: $

Deductible: $ Additional Premium: $

Additional Premium: $

Premises Number: Building Number: Unit Number:

Loss Assessment Miscellaneous Real Property Limit Of Insurance: $ Limit Of Insurance: $

Deductible: $ Additional Premium: $

Additional Premium: $

Information required to complete this Schedule, if not shown above, will be shown in the Declarations.

A. Loss Assessment Coverage B. Miscellaneous Real Property Coverage When a Limit of Insurance is shown on the When a Limit of Insurance is shown on the Schedule or in the Declarations for Loss Schedule or in the Declarations for Miscellaneous Assessment Coverage: Real Property Coverage: 1. We will pay for your share of an assessment 1. The following is added to Covered Property: charged to all unit-owners by the Condominium Miscellaneous Real Property, meaning Association, when the assessment is made: condominium property that is not included a. During the policy period shown in the under Your Business Personal Property, Declarations; and provided that: b. As a result of direct physical loss or a. The condominium property pertains to your damage to property in which each unit- condominium unit only; or owner has an undivided interest, if such b. You have a duty to insure the condominium loss or damage is caused by a Cause of property according to the Condominium Loss covered under this policy. Association agreement. Paragraph 1.a. of Commercial Property 2. The Condominium Association may have other Condition H., Policy Period, Coverage insurance covering the same property as this Territory, does not apply to Loss Assessment insurance. If it does, we will only pay the Coverage. excess over what should have been received 2. The most we will pay for each assessment is from that other property insurance. We will pay the Loss Assessment Limit of Insurance for the the excess whether the other insurance can be applicable unit. But we will not pay more than collected or not. $1,000 per scheduled unit for an assessment 3. The Deductible applicable to Miscellaneous that results from a deductible in the insurance Real Property Coverage is the policy purchased by the Condominium Association. deductible stated in the Declarations, unless 3. We will not pay for a Loss Assessment that otherwise provided in the Declarations. arises from any one occurrence until the C. These coverages apply only to condominium units amount of Loss Assessment exceeds the described on the Schedule or in the Declarations. Deductible shown in the Schedule of this endorsement per scheduled unit. We will then pay the amount of Loss Assessment in excess of that Deductible, up to the applicable Loss Assessment Limit of Insurance. No other deductible in this policy applies to Loss Assessment Coverage.