BUILDING AND CONTENTS
The Fund will pay for direct physical loss of or damage to covered property unless excluded or limited. Coverage is written on a replacement cost basis with an 80% coinsurance clause. A standard $250 deductible applies to each occurrence, with optional higher deductibles available.
Covered Property may be a Building or Your Business Personal Property (contents).
Coverage is provided on an all risks (subject to exclusions) basis to include boiler and machinery, flood, and earthquake.