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shall reimburse the Contractor by increasing the Contract Sum to pay the cost of purchasing and maintaining such optional insurance coverage, and the Contractor shall not be responsible for purchasing any other liability insurance on behalf of the Owner. The minimum limits of liability purchased with such coverage shall be equal to the aggregate of the limits required for Contractor's Liability Insurance under Clauses 11.1.1.2 through 11.1.1.5. 113.2 To the extent damages are covered by Project Management Protective Liability insurance, the Owner, Contractor and Architect waive all rights against each other for damages, except such rights as they may have to the proceeds of such insurance. The policy shall provide for such waivers of subrogation by endorsement or othenvise. 173.3 The Owner shall not require the Contractor to indude the Owner, Architect or other persons or entities as additional insureds on the Contrador's Liability Insurance coverage under Paragraplt ti.i. 71.4 PROPERTY INSURANCE 11.4.7 Unless otherwise provided, the Owner shall purchase and maintain, in a company or companies lawfully authorized to do business in the jurisdiction in which the Project is located, property insurance written on a builder's risk "all-risk" or equivalent policy form in the amount of the initial Contrad Sum, plus value of subsequent Contrad modificalions and cost of materials supptied or installed by others, comprising total value Eor the entire Project at the site on a replacement cost basis without optional deductibles. Such property insurance shall be maintained, unless otherwise provided in the Contract Documents or otherwise agreed in writing by all persons and entities who are beneficiazies of such insurance, until final paymeni has been made as provided in Paragraph 9.io or until no person or entity other than the Owner has an insurable interest in the property required by this Paragraph 11.4 to be covered, whichever is later. This insurance shall indude interests of the Owner, the Contrador, Subcontractors and Sub-subcontractorsin the Project. 11.4.7.1 Property insurance shall be on an "all-risk" or equivalent policy form and shall indude, without limitation, insuiance against the perils of 6re (wiih extended coverage) and physical loss or damage including, without duplication of coverage, theft, vandalism, malicious mischief, co]lapse, earthquake, flood, windstorm, Falsework, testing and startup, temporary buildings and debris removal including demolition occasioned by enforcement of any applicable legal requirements, and shall cover reasonable compensation for Architect's and Contractor's services and expenses required as a result of such insured loss. 11.4.1.2 If the Owner does not intend to purchase such property insurance required by the Contract and with all of the coverages in the amount described above, the Owner shall so inform the Contractor in writing prior to commencement of the Work. The Contrador may then effect insurance which will protect the interests of the Contractor, Subcontractors and Sub-subcontractors in the Work, and by appropriate Change Order the cost thereof shall be charged to the Ownec If the Contractor is damaged by the failure or neglect of the Owner to purchase or maintain insurance as described above, without so notifying the Contractor in ~~II writing, then the Owner shall bear all reasonable costs properly attributable thereto. o, a 17.4.1.3 If the property insurance requires deductibles, the Owner shall pay costs not covered °oo.oo° because of such deductibles. . . 01997 AIAO AIA DOCUMENT A201-1997 77.4.1.4 This property insurance shall cover portions of the Work stored off the site, and also GENERAL CONDITIONS portions of the Work in transit. oF rHe corvrancr FoR CONSTRUCTION 11.4.1.5 Partial occupancy or use in accordance with Paragraph 9.9 shall not commence until the rhe nmerican insrirure insurance company or companies providing property insurance have consented to such partial of nrchirects 1735 New York Avenue, N.W. Washington, D.C.20006-5292 WARNING: Unlicensed plwtocopying violafes U.S. copyright laws and will subjecf ihe vloiatar fo legal prosecufion.