Debris Removal
The builders risk policy covers expense to remove debris of covered property damaged by a covered cause of loss; however, the expenses must be reported to the insurer within 180 days of the direct loss or damage. Payment under this additional coverage is limited to 25% of the amount paid for the direct physical loss, plus the deductible amount applicable to that loss. For example, if there is a $10,000 loss under a policy with a $1000 deductible, the amount available under the debris removal additional coverage would be $3,500 (25% of $10,000, plus $1,000). Note that no coverage is provided, under this additional coverage, for pollution clean up or removal.
Preservation of Property
If a covered cause of loss creates the need to move covered property to preserve it from further loss or damage (by a covered cause of loss), the policy covers that property while it is being moved or temporarily stored, but only if the loss or damage occurs within 30 days of the property being moved.
Fire Department Service Charge
Without applying a deductible, the policy will pay up to $1,000 for fire department service charges assumed by contract or prior agreement or which are required by local ordinance.
Pollutant Clean-Up & Removal
The builders risk policy contains a pollutant clean up and removal clause that provides limited coverage for the extraction of pollutants from land or water at the described premises. Coverage applies only if the “discharge, dispersal, seepage, migration, release or escape” of pollutants occurs during the policy period and results from a covered cause of loss. The term “pollutant” is the only specifically defined term in the policy, and means “any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acidss, alkalis, chemicals amd waste. Waste includes materials to be recycled, reconditioned or reclaimed.”
Note that there is no coverage for costs to test for, monitor or assess the existence of pollutants; however, costs of testing performed in the course of extracting the pollutants is covered.
The most the insurer will pay under this additional coverage is $10,000 during each separate 12 month period of the policy.