Topics covered:
Coverage
Property not covered
Covered causes of loss
Additional coverage— collapse
Exclusions
Limits of insurance
Deductible
Additional conditions

We will pay for direct physical loss of or damage to Covered Property from any of the Covered Causes of Loss.

1.     Covered Property, as used in this Coverage Form, means:

a.     Your scenery, costumes and theatrical properties; and

b.     Similar property of others in your care, custody or control or on which you have made partial payments;

that are intended to be used or have been used in a production stated in the Declarations.

Covered Property does not include:

a.     Buildings or their improvements and betterments;

b.     Vehicles unless actually used on the stage in the covered production.

c.     Jewelry comprised of precious or semi-precious stones, gold, silver, platinum, or other precious metals or alloys.

d.     Accounts, bills, currency, deeds, money, documents, transportation or admission tickets, notes, securities and evidences of debt;

e.     Animals;

f.     Contraband, or property in the course of illegal transportation or trade.

Covered Causes of Loss means RISKS OF DIRECT PHYSICAL LOSS OR DAMAGE to Covered Property except those causes of loss listed in the Exclusions.

We will pay for direct loss or damage caused by or resulting from risks of direct physical loss or damage involving collapse of all or part of a building or structure caused by one or more of the following:

a.     Fire; lightning; windstorm; hail; explosion; smoke; aircraft; vehicles; riot; civil commotion; vandalism; leakage from fire extinguishing equipment; sinkhole collapse; volcanic action; breakage of building glass; falling objects; weight of snow, ice or sleet; water damage; earthquake; all only as insured against in this Coverage Form;

b.     Hidden decay;

c.     Hidden insect or vermin damage;

d.     Weight of people or personal property;

e.     Weight of rain that collects on a roof;

f.     Use of defective materials or methods in construction, remodeling or renovation if the collapse occurs during the course of the construction, remodeling or renovation.

This Additional Coverage does not increase the Limits of Insurance provided in this Coverage Form.

1.     We will not pay for loss or damage caused directly or indirectly by any of the following. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss.

a.     Governmental Action

     Seizure or destruction of property by order of governmental authority.

     But we will pay for loss or damage caused by or resulting from acts of destruction ordered by governmental authority and taken at the time of a fire to prevent its spread if the fire would be covered under this Coverage Form.

b.     Nuclear Hazard

(1)     Any weapon employing atomic fission or fusion; or

(2)     Nuclear reaction or radiation, or radioactive contamination from any other cause. But if nuclear reaction or radiation, or radioactive contamination results in fire, we will pay for the direct loss or damage caused by that fire if the fire would be covered under this Coverage Form.

c.     War and Military Action

(1)     War, including undeclared or civil war;

(2)     Warlike action by a military force, including action in hindering or defending against an actual or expected attack, by any government, sovereign or other authority using military personnel or other agents; or

(3)     Insurrection, rebellion, revolution, usurped power or action taken by governmental authority in hindering or defending against any of these.

     Exclusions B.1.a. through B.1.c. apply whether or not the loss event results in widespread damage or affects a substantial area.

2.     We will not pay for loss or damage caused by or resulting from any of the following:

a.     Theft from any unattended vehicle, unless at the time of theft its windows, doors, and compartments were closed and locked and there are visible signs that the theft was the result of forced entry. But this exclusion does not apply to property in the custody of a carrier for hire.

b.     Marring, scratching; exposure to light; breakage of tubes, bulbs, lamps, or articles made largely of glass (except lenses). But we will pay for such loss or damage caused directly by fire, lightning, explosion, windstorm, vandalism, aircraft, rioters, strikers, theft or attempted theft, or by accident to the vehicle carrying the property, if these causes of loss would be covered under this Coverage Form.

c.     Delay, loss of use, loss of market, or any other consequential loss.

d.     Unexplained disappearance.

e.     Shortage found upon taking inventory.

f.     Dishonest acts committed by:

(1)     You, any of your partners, employees, directors, trustees, or authorized representatives;

(2)     A manager or a member if you are a limited liability company

(3)     Anyone else with an interest in the property, or their employees or authorized representatives; or

(4)     Anyone else to whom the property is entrusted for any purpose.

     This exclusion applies whether or not such persons are acting alone or in collusion with other persons or such acts occur during the hours of employment. This exclusion does not apply to Covered Property that is entrusted to others who are carriers for hire or to acts of destruction by your employees. But theft by employees is not covered.

g.     Processing or work upon the property. But, we will pay for direct loss or damage caused by or resulting fire or explosion if these causes of loss would be covered under this Coverage Form.

h.     Artificially generated current creating a short circuit or other electric disturbance within an article covered under this Coverage Form. But we will pay for direct loss or damage caused by resulting fire or explosion if these causes of loss would be covered under this Coverage Form. This exclusion only applies to loss or damage to that article in which the disturbance occurs.

i.     Voluntary parting with any property by you or anyone entrusted with the property if induced to do so by any fraudulent scheme, trick, device, or false pretense.

j.     Unauthorized instructions to transfer property to any person or to any place.

k.     Neglect of an insured to use all reasonable means to save and preserve property from further damage at and after the time of loss.

3.     We will not pay for loss or damage caused by or resulting from any of the following. But if loss or damage by a Covered Cause of Loss results, we will pay for the loss or damage caused by that Covered Cause of Loss.

a.     Weather conditions. But this exclusion only applies if weather conditions contribute in any way with a cause or event excluded in paragraph 1. above to produce the loss or damage.

b.     Acts or decisions, including the failure to act or decide, of any person, group, organization or governmental body.

c.     Faulty, inadequate or defective:

(1)     Planning, zoning, development, surveying, siting;

(2)     Design, specifications, workmanship, repair, construction, renovation, remodeling, grading, compaction;

(3)     Materials used in repair, construction, renovation or remodeling; or

(4)     Maintenance;

of part or all of any property wherever located.

d.     Collapse except as provided in the Additional Coverage— Collapse section of this Coverage Form.

e.     Wear and tear, any quality in the property that causes it to damage or destroy itself, hidden or latent defect, gradual deterioration, depreciation; mechanical breakdown; insects, vermin, rodents; corrosion, rust, dampness, cold or heat.

The most we will pay for loss or damage in any one occurrence is the applicable Limit of Insurance shown in the Declarations.

We will not pay for loss or damage in any one occurrence until the amount of the adjusted loss or damage before applying the applicable Limits of Insurance exceeds the Deductible shown in the Declarations. We will then pay the amount of the adjusted loss or damage in excess of the Deductible, up to the applicable Limit of Insurance.

The following conditions apply in addition to the Commercial Inland Marine Conditions and the Common Policy Conditions:

1.      Coverage Territory

     We cover property wherever located within:

a.     The United States of America (including its territories and possessions);

b.     Puerto Rico; and

c.      Canada .

2.     Coinsurance

     If a Coinsurance percentage is shown in the Declarations, the following condition applies.

     We will not pay the full amount of any loss if the value of Covered Property, except property in transit, at the time of loss times the Coinsurance percentage shown for it in the Declarations is greater than the Limit of Insurance for the property.

     Instead, we will determine the most we will pay using the following steps:

a.     Multiply the value of Covered Property, except property in transit, at the time of loss by the Coinsurance percentage;

b.     Divide the Limit of Insurance of the property by the figure determined in Step a.;

c.     Multiply the total amount of loss, before the application of any deductible, by the figure determined in Step b.; and

d.     Subtract the deductible from the figure determined in Step c.

     We will pay the amount determined in Step d. or the Limit of Insurance, whichever is less. For the remainder, you will either have to rely on other insurance or absorb the loss yourself.