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§ B.2.2 Liability Insurance
<br />The Owner shall be responsible for purchasing and maintaining the Owner's usual general liability insurance.
<br />§ B.2.3 Required Property Insurance
<br />§ B.2.3.1 Unless this obligation is placed on the Construction Manager pursuant to Section B.3.3.2.1, the Owner shall
<br />purchase and maintain, from an insurance company or insurance companies lawfully authorized to issue insurance in
<br />the jurisdiction where the Project is located, property insurance written on a builder's risk "all-risks" completed value
<br />or equivalent policy form and sufficient to cover the total value of the entire Project on a replacement cost basis. The
<br />Owner's property insurance coverage shall be no less than the amount of the initial Contract Sum, plus the value of
<br />subsequent Modifications and labor performed and materials or equipment supplied by others. The property insurance
<br />shall be maintained until Substantial Completion and thereafter as provided in Section B.2.3.1.3, unless otherwise
<br />provided in the Contract Documents or otherwise agreed in writing by the parties to this Agreement. This insurance
<br />shall include the interests of the Owner, Construction Manager, Subcontractors, and Sub -subcontractors in the Project
<br />as insureds. This insurance shall include the interests of mortgagees as loss payees.
<br />§ B.2.3.1.1 Causes of Loss. The insurance required by this Section B.2.3.1 shall provide coverage for direct physical
<br />loss or damage, and shall not exclude the risks of fire, explosion, theft, vandalism, malicious mischief, collapse,
<br />earthquake, flood, or windstorm. The insurance shall also provide coverage for ensuing loss or resulting damage from
<br />error, omission, or deficiency in construction methods, design, specifications, workmanship, or materials. Sub -limits,
<br />if any, are as follows:
<br />(Indicate below the cause of loss and any applicable sub -limit.)
<br />Cause of Loss Sub -Limit
<br />§ B.2.3.1.2 Specific Required Coverages. The insurance required by this Section B.2.3.1 shall provide coverage for
<br />loss or damage to falsework and other temporary structures, and to building systems from testing and startup. The
<br />insurance shall also cover debris removal, including demolition occasioned by enforcement of any applicable legal
<br />requirements, and reasonable compensation for the Architect's and Construction Manager's services and expenses
<br />required as a result of such insured loss, including claim preparation expenses. Sub -limits, if any, are as follows:
<br />(Indicate below type of coverage and any applicable sub -limit for specific required coverages)
<br />Coverage Sub -Limit
<br />§ B.2.3.1.3 Unless the parties agree otherwise, upon Substantial Completion, the Owner shall continue the insurance
<br />required by Section B.2.3.1 or, if necessary, replace the insurance policy required under Section B.2.3.1 with property
<br />insurance written for the total value of the Project that shall remain in effect until expiration of the period for
<br />correction of the Work set forth in Section 12.2.2 of the General Conditions.
<br />§ B.2.3.1.4 Deductibles and Self -Insured Retentions. If the insurance required by this Section B.2.3 is subject to
<br />deductibles or self -insured retentions, the Owner shall be responsible for all loss not covered because of such
<br />deductibles or retentions.
<br />§ B.2.3.2 Occupancy or Use Prior to Substantial Completion. The Owner's occupancy or use of any completed or
<br />partially completed portion of the Work prior to Substantial Completion shall not commence until the insurance
<br />company or companies providing the insurance under Section B.2.3.1 have consented in writing to the continuance of
<br />coverage. The Owner and the Construction Manager shall take no action with respect to partial occupancy or use that
<br />would cause cancellation, lapse, or reduction of insurance, unless they agree otherwise in writing.
<br />§ B.2.3.3Insurance for Existing Structures
<br />If the Work involves remodeling an existing structure or constructing an addition to an existing structure, the Owner
<br />shall purchase and maintain, until the expiration of the period for correction of Work as set forth in Section 12.2.2 of
<br />the General Conditions, "all-risks" property insurance, on a replacement cost basis, protecting the existing structure
<br />against direct physical loss or damage from the causes of loss identified in Section B.2.3.1, notwithstanding the
<br />undertaking of the Work. The Owner shall be responsible for all co-insurance penalties.
<br />Init. AIA Document A133- — 2019 Exhibit B. Copyright @ 2019 by The American Institute of Architects. All rights reserved. The "American Institute of Architects," "AIA,"
<br />the AIA Logo, and "AIA Contract Documents" are registered trademarks and may not be used without permission. This document was produced by AIA software at 2
<br />12:06:27 CT on 01/27/2021 under Order No.6421824392 which expires on 04/24/2021, is not for resale, is licensed for one-time use only, and may only be used in
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<br />User Notes: (1332836165)
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