Is the All Risk limit in the Custom (HPR) Program/Towers Shared or Pooled among all participants?
Coverage is NOT pooled or shared, the all risk property coverage is written on a blanket basis covering real property, loss of rents, including 12 month extended period of indemnity, full Coverage A Building Ordinance. The blanket coverage extends the building definition to include permanently installed fixtures, machinery, equipment, all property owned by the landlord and used to maintain and service the premises, underground pipes, flues, drains, foundations & supports, glass, signs, outdoor equipment, fences, walkways, swimming pools, retaining walls, roadways, tennis courts, playgrounds, landscaping, trees, shrubs, lawn, plants, utility installations including outbuilding lights and equipment. You will not find a broader definition of property coverage in any other package/program. The up to $200 Million in Custom all risk coverage is insured on a PER location, PER occurrence basis. There is no coinsurance clause, coverage is not limited to the building or rents value specified in
