|
<br /> ARTICLE B.2 OWNER’S INSURANCE
<br />§ B.2.1 General
<br />Prior to commencement of the Work, the Owner shall secure the insurance, and provide evidence of the coverage, required
<br /> under this Article B.2 and, upon the Construction Manager’s request, provide a copy of the property insurance policy or
<br />policies required by Section B.2.3. The copy of the policy or policies provided shall contain all applicable conditions,
<br />definitions, exclusions, and endorsements.
<br />§ 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 purchase
<br />and maintain, from an insurance company or insurance companies lawfully authorized to issue insurance in the jurisdiction
<br /> where the Project is located, property insurance written on a builder's risk “all-risks” completed value or equivalent policy
<br /> form and sufficient to cover the total value of the entire Project on a replacement cost basis. The Owner’s property insurance
<br />coverage shall be no less than the amount of the initial Contract Sum, plus the value of subsequent Modifications and labor
<br />performed and materials or equipment supplied by others. The property insurance shall be maintained until Substantial
<br />Completion and thereafter as provided in Section B.2.3.1.3, unless otherwise provided in the Contract Documents or
<br />otherwise agreed in writing by the parties to this Agreement. This insurance shall include the interests of the Owner,
<br />Construction Manager, Subcontractors, and Sub-subcontractors in the Project as insureds. This insurance shall include the
<br />interests of mortgagees as loss payees.
<br />§ B.2.3.1.1Causes of Loss. The insurance required by this Section B.2.3.1 shall provide coverage for direct physical loss or
<br />damage, and shall not exclude the risks of fire, explosion, theft, vandalism, malicious mischief, collapse, earthquake, flood, or
<br />windstorm. The insurance shall also provide coverage for ensuing loss or resulting damage from error, omission, or deficiency
<br />in construction methods, design, specifications, workmanship, or materials. Sub-limits, if any, are as follows:
<br />(Indicate below the cause of loss and any applicable sub-limit.)
<br />Cause of LossSub-Limit
<br />
<br />§ B.2.3.1.2Specific Required Coverages. The insurance required by this Section B.2.3.1 shall provide coverage for loss or
<br />damage to falsework and other temporary structures, and to building systems from testing and startup. The insurance shall also
<br />cover debris removal, including demolition occasioned by enforcement of any applicable legal requirements, and reasonable
<br /> compensation for the Architect’s and Construction Manager’s services and expenses required as a result of such insured loss,
<br />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 />CoverageSub-Limit
<br />
<br />§ B.2.3.1.3 Unless the parties agree otherwise, upon Substantial Completion, the Owner shall continue the insurance required
<br />by Section B.2.3.1 or, if necessary, replace the insurance policy required under Section B.2.3.1 with property insurance
<br />written for the total value of the Project that shall remain in effect until expiration of the period for correction of the Work set
<br />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 deductibles or
<br />self-insured retentions, the Owner shall be responsible for all loss not covered because of such 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 partially
<br />completed portion of the Work prior to Substantial Completion shall not commence until the insurance company or companies
<br />providing the insurance under Section B.2.3.1 have consented in writing to the continuance of coverage. The Owner and the
<br />Construction Manager shall take no action with respect to partial occupancy or use that would cause cancellation, lapse, or
<br />reduction of insurance, unless they agree otherwise in writing.
<br /> AIA Document A133 – 2019 Exhibit B. Copyright © 2019. All rights reserved. “The American Institute of Architects,” “American Institute of Architects,” “AIA,” the
<br /> AIA Logo, and “AIA Contract Documents” are trademarks of The American Institute of Architects. This draft was produced at 14:43:24 CDT on 10/16/2025 under
<br />2
<br />Subscription No.20250122412 which expires on , is not for resale, is licensed for one-time use only, and may only be used in accordance with the AIA Contract
<br />®
<br />Documents Terms of Service. To report copyright violations, e-mail docinfo@aiacontracts.com.
<br />User Notes: (640e2aeff442e4498d0968b0)
<br />
|