Policies & Procedures for New Construction, Renovation and Capital Maintenance Projects

Builder's Risk Insurance

It is the responsibility of the Contractor to provide Builder's Risk Insurance when the building is new construction of a freestanding structure or if the Contractor has complete control of the building. If the Contractor is performing renovations or alterations to an existing building and does not have complete control of the entire building, Builder's Risk Insurance will be provided by the AOB.

NAMED INSURED

• Named Insured shall include the following:
  Edwin F. O'Brien, Archbishop of Baltimore, A Corporation Sole and (legal name of Parish)
• Contractors and subcontractors as their interest may appear

AMOUNT OF INSURANCE

• Completed value of the building/structure, excluding the value of the land
• Property in Transit: .....$100,000
• Off-Site Storage: ........$250,000

PROPERTY COVERED

• Includes excavation, grading or filling
• Includes foundations, underground flues, pipes, drains and wiring

COVERED CAUSES OF LOSS (PERILS)

• Risks of direct physical loss from any external cause, except those causes of loss listed in the policy exclusions
• No collapse exclusion
• Ordinance or Law Coverage - Exclusion deleted/coverage provided
• Resulting Damage - modify faulty design error or omission, materials, workmanship, etc. Exclusion to provide for damage results to other covered property "from faulty, inadequate or defective design, specifications, construction, materials or workmanship."
• Flood: $1,000,000 with no more than $25,000 deductible
• No exclusion for "cold" testing

DEDUCTIBLE

• $1,000 Per Occurrence

VALUATION

• Replacement cost

EXTENSIONS OF COVERAGE (ADDITIONAL COVERAGES)

• Debris Removal ..........................$50,000
• Outdoor Trees, Shrubs & Plants ....$25,000
• Extra Expense ......... ..................$50,000

OCCUPANCY

• Modify Occupancy Clause to provide "Permission to Occupy"

SOFT COSTS

• Including Rents
• Including Tuition Fees, where applicable

CANCELLATION/NON-RENEWAL

60 Days Notice to:
Risk Manager-Division of Insurance
Archdiocese of Baltimore
320 Cathedral Street
Baltimore, MD 21201

EVIDENCE OF PROPERTY INSURANCE
Prior to the start of work, an original and one (1) copy, including Minimum Insurance Requirements must be sent to:

Archdiocese of Baltimore
Risk Manager - Division of Insurance
320 Cathedral Street
Baltimore, MD 21201