Adventist Risk Management in keeping with our mission to provide solutions that minimize risk for the Seventh-day Adventist Church is pleased to announce twelve new enhancements to the Property insurance coverage underwritten by Gencon Insurance Company of Vermont. Each of these enhancements will take effect on January 1, 2007 and will be applicable to all Gencon policies in North America.
| New Enhancements Include: |
| 1. Newly Acquired or Constructed Buildings and contents for 180 days
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| Current Limits: $500,000 |
New Limit: $2,500,000 |
2. Appurtenant Structures |
| Current Limits: Charged as scheduled |
New Limit: Less Than $25,000
Included no charge |
| 3. Fire Department Service Charges |
| Current Limits: $5,000 |
New Limit: Actual Cost |
| 4. Fire Extinguisher Recharge |
| Current Limits: $1,000 |
New Limit: Actual Cost |
| 5. Lock Repair or Replacement if Keys are stolen in an insured theft loss |
| Current Limits: $500 MAX |
New Limit: $25,000 limits |
| 6. Personal Property of Others for employees and non-employees |
| Current Limits: Employees Only |
New Limit: $25,000 limits employees and non-employees. |
| 7. Property Off-Premises |
| Current Limits: $10,000 |
New Limit: $50,000 |
| 8. Valuable Papers & Records Including up to $5,000 for electronic data |
| Current Limits: $5,000 MAX |
New Limit: $50,000 limits |
| 9. Signs located on and off premises |
| Current Limits: $5,000 MAX |
New Limit: $15,000 off premises
Signs on premises included in the building value. |
| 10. Trees, Shrubs and Plants Not subject to an aggregate limit |
| Current Limits: $500 per item |
New Limit: $1,000 per item
$10,000/occurrence |
11. Ordinance or Law Upgrades **
For any conbination of the following due to the enforcement of building ordinances:
a. for loss of value of the undamaged portion of the building which must be demolished.
b. demolition cost and debris removal resulting from the above; or
c. for increased cost of construction |
| Current Limits: $500,000 limits |
New Limit: $750,000 limits |
| 12. Business Interruption/Extra Expenses ** |
| Current Limits: $100,000 limits |
New Limit: $300,000 limits
Combined limits |
** PLEASE NOTE: Higher limits are available and maybe purchased for an additional premium.
Please contact your Field Service representative if you have any questions on these new Gencon property insurance converage enchancements. |
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