You may extend the insurance that applies to Business Personal Property to apply to direct physical loss or damage to "valuable papers and records" that you own, or that are in your care, custody or control, caused by or resulting from a Covered Cause of Loss.

This Coverage Extension includes the cost to research lost information on "valuable papers and records" for which duplicates do not exist.
 

This Coverage Extension does not apply to:

• Property held as samples or for delivery after sale;
• Property in storage away from the premises shown in the Declarations.

• Fire; lightning; explosion; windstorm or hail; smoke; aircraft or vehicles; riot or civil commotion; vandalism; leakage from fire  extinguishing equipment; sinkhole collapse; volcanic action; falling objects; weight of snow, ice or sleet; water damage; breakage of building glass; all only as insured against in this policy.
1. Falling objects does not include loss or damage to personal property in the open; or property inside a building or  structure, unless the roof or an outside wall of the building or structure is first damaged by a falling object.
2. Water damage means accidental discharge or leakage of water or steam as the direct result of the breaking apart or cracking of any part of a system or appliance (other than a sump system including its related equipment and parts) containing water or steam.
• Hidden decay;
• Hidden insect or vermin damage;
• Weight of people or personal property;
• Weight of rain that collects on a roof;
• Use of defective material or methods in construction, remodeling or renovation if the collapse occurs during the course of the construction, remodeling or renovation. However, if the collapse occurs after construction, remodeling or renovation is complete and is caused in part by a cause of loss listed above, we will pay for the loss or damage even if use of the defective material or methods in construction, remodeling or renovation contributed to the collapse. Collapse does not include settling, cracking, shrinkage, bulging or expansion.
• If the direct physical loss or damage does not involve collapse of a building or any part of a building, we will pay for loss or damage to "valuable papers and records" caused by the collapse of personal property only if:
1. The personal property which collapses is inside a building insured under this policy; and
2. The collapse was caused by a cause of loss listed above.

The most we will pay under this Coverage Extension for loss or damage to "valuable papers and records" in any one occurrence at the described premises is $5,000, unless a higher Limit of Insurance for "valuable papers and records" is shown in the Declarations.

For "valuable papers and records" not at the described premises, the most we will pay is $2,500.