|
risk "all-risk„ or equivalent policy form in the amount of the initial Contract Sum, plus value of subsequent Contract
<br />Modifications and cost of materials supplied or installed by others, comprising total value for the entire Project at
<br />the site on a replacement cost basis without optional deductibles. Such property insurance shall be maintained,
<br />unless otherwise provided in the Contract Documents or otherwise agreed in writing by all persons and entities who
<br />are beneficiaries of such insurance, until final payment has been made as provided in Section 9.10 or until no person
<br />or entity other than the Owner has an insurable interest in the property required by this Section 11.3 to be covered,
<br />whichever is later. This insurance shall include interests of the Owner, the Contractor, Subcontractors and Sub -
<br />subcontractors in the Project.
<br />§ 11.3.1.1 Property insurance shall be on an "all-risk„ or equivalent policy form and shall include, without limitation,
<br />insurance against the perils of fire (with extended coverage) and physical loss or damage including, without
<br />duplication of coverage, theft, vandalism, malicious mischief, collapse, earthquake, flood, windstorm, falsework,
<br />testing and startup, temporary buildings and debris removal including demolition occasioned by enforcement of any
<br />applicable legal requirements, and shall cover reasonable compensation for Architect's and Contractor's services
<br />and expenses required as a result of such insured loss.
<br />§ 11.3.1.2 If the Owner does not intend to purchase such property insurance required by the Contract and with all of
<br />the coverages in the amount described above, the Owner shall so inform the Contractor in writing prior to
<br />commencement of the Work. The Contractor may then effect insurance that will protect the interests of the
<br />Contractor, Subcontractors and Sub -subcontractors in the Work, and by appropriate Change Order the cost thereof
<br />shall be charged to the Owner. If the Contractor is damaged by the failure or neglect of the Owner to purchase or
<br />maintain insurance as described above, without so notifying the Contractor in writing, then the Owner shall bear all
<br />reasonable costs properly attributable thereto.
<br />§ 11.3.1.3 If the property insurance requires deductibles, the Owner shall pay costs not covered because of such
<br />deductibles.
<br />§ 11.3.1.4 This property insurance shall cover portions of the Work stored off the site, and also portions of the Work
<br />in transit.
<br />§ 11.3.1.5 Partial occupancy or use in accordance with Section 9.9 shall not commence until the insurance company
<br />or companies providing property insurance have consented to such partial occupancy or use by endorsement or
<br />otherwise. The Owner and the Contractor shall take reasonable steps to obtain consent of the insurance company or
<br />companies and shall, without mutual written consent, take no action with respect to partial occupancy or use that
<br />would cause cancellation, lapse or reduction of insurance.
<br />§ 11.3.2 BOILER AND MACHINERY INSURANCE
<br />The Owner shall purchase and maintain boiler and machinery insurance required by the Contract Documents or by
<br />law, which shall specifically cover such insured objects during installation and until final acceptance by the Owner;
<br />this insurance shall include interests of the Owner, Contractor, Subcontractors and Sub -subcontractors in the Work,
<br />and the Owner and Contractor shall be named insureds.
<br />§ 11.3.3 LOSS OF USE INSURANCE
<br />The Owner, at the Owner's option, may purchase and maintain such insurance as will insure the Owner against loss
<br />of use of the Owner's property due to fire or other hazards, however caused. The Owner waives all rights of action
<br />against the Contractor for loss of use of the Owner's property, including consequential losses due to fire or other
<br />hazards however caused.
<br />§ 11.3.4 If the Contractor requests in writing that insurance for risks other than those described herein or other
<br />special causes of loss be included in the property insurance policy, the Owner shall, if possible, include such
<br />insurance, and the cost thereof shall be charged to the Contractor by appropriate Change Order.
<br />§ 11.3.5 If during the Project construction period the Owner insures properties, real or personal or both, at or adjacent
<br />to the site by property insurance under policies separate from those insuring the Project, or if after final payment
<br />property insurance is to be provided on the completed Project through a policy or policies other than those insuring
<br />the Project during the construction period, the Owner shall waive all rights in accordance with the terms of
<br />Section 11.3.7 for damages caused by fire or other causes of loss covered by this separate property insurance. All
<br />separate policies shall provide this waiver of subrogation by endorsement or otherwise.
<br />AIA Document A2011-2007. Copyright @ 1911 1915, 1918, 1925 1937, 1951, 1958, 1961, 1963, 1966, 1970, 1976 1987, 1997 and 2007 by The American
<br />Init. Institute of Architects. All rights reserved. 'AIA the AIA I pao A201 , riri AIA t;�:�rih,�r.t l ),.r[ri,.u7 m,i itr, c�iza t
<br />,�i ir:i iri,7y uat I+ra i.a^zap i �rnf1'u:�ut I+c,i ms w;,,i��i, This document was created on 02/08/202215:28:46 under the terms of AIA Documents on Demand® Order 30
<br />No. 2114288131 , is not for resale, is licensed for one-time use only, and may only be used in accordance with the AIA Contract Documents' Documents -on -
<br />Demand — End User License Agreement. To report copyright violations, e-mail copyright@aia.org.
<br />
|