Special Form which is commonly referred to as "all risks" coverage. (Coverage for loss from all causes not specifically excluded.) Coverage is on a replacement cost basis. This means there is no coinsurance and no depreciation to deal with. Limit is $40,000,000 per occurrence with a $1,000 deductible. Note: Does not include coverage for property of tenants or flood.

This coverage is for loss caused by mechanical or electrical equipment breakdown. It is included in the property coverage at no additional cost. Limits are $40,000,000 per accident.

This coverage is to insure exposures that cannot be conveniently or reasonably confined to a fixed location. It is on an actual cash basis and is covered if specifically scheduled.

This is time element insurance that reimburses the housing authority for the rent it loses in the event an insured property becomes unusable as a result of damage by an insured peril. This is covered if specifically scheduled.

This coverage protects the housing authority for monies and securities loss inside and outside the premises and provides depositors forgery coverage.

This coverage is for electronic data processing and word processing equipment including their component parts, data and media, and related equipment and accessories. Under extra expense this coverage includes recovery and reconstruction of lost data. This is covered if specifically scheduled.

This coverage is for loss or damage to a building or related property in the course of construction. This is written for a specific amount and applies only in the construction process.

This covers money, securities and property other than money and securities caused by employee dishonesty. Policy limit is for $300,000. This coverage is written under a separate policy, not part of commercial policy.

This coverage is for operations "usual and incidental" to public housing authorities. Coverage includes Personal Injury, Products and Completed Operations, Owners and Contractors Protective, and Police Professional Vicarious. There is a limit of $1,000,000 each occurrence with a $4,000,000 per occurrence umbrella which brings the total limit to $5,000,000. No deductible applies.

This coverage is for the housing authority's officers and directors when a claim is made against them due to action(s) they have taken in their capacity as a board member. It is on a claims made form. This coverage includes employment-related practices. The limit is $1,000,000 each occurrence with a $4,000,000 per occurrence umbrella which brings the total limit to $5,000,000. There is no charge for this coverage as it is included in the commercial general liability premium.

This coverage is for owned vehicles and includes hired, non-owned and leased vehicles. The limit is $1,000,000 each occurrence with a $4,000,000 per occurrence umbrella which brings the total limit to $5,000,000. There is no deductible for liability but there is a $1,000 deductible for collision and comprehensive coverage. All vehicles should be scheduled.

This coverage is where "no fault" statutory benefits prescribed in the State of North Carolina are provided to housing authority employees through coverage with NCHARRP. This is for job related injuries resulting from an accident. Employers' liability limits are $500,000 but an additional $500,000 can be purchased.

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