WAR – January 2015 Version
Material Changes from 2011 Version
Clause No.
I.C.
Page No.
7
I.D.
7-8
Clause
Premium and The Policy
Period
Limits of Liability
Amendment
Inserted “Local Standard time” after 12:01 a.m. to mirror Policy Period on p. 1.

Inserted limits for Downzoning and Special Time Element - Cancellation
Coverage (Note: Underwriters will require a small sublimit for Special
Time Element - Cancellation Coverage and some underwriters may decline
… put $0 in the limit section in these cases)

Under Demolition & ICC, amended “the building” to “insured property” to
mirror policy wording under Demolition & ICC

Inserted separate limits for various “CAT” perils so that each specific area
stands on its own with separate aggregate for each.

I.E.
9
Deductibles
I.E.4.
11
Deductibles
I.E.6.
11
Deductibles – NFIP
III.B.8.
16-17
III.B.13.
19
1
Within NFIP Flood Zone A & V, we amended “insured property” to read
“buildings and structures” … other insured property (e.g., parkings lots) will
not be subject to Zone A or V limitations if not located in Zone A or V.
Within NFIP, Flood Zones A or V, amended “insured property” to read “buildings
and structures” to track with limits.
Amended “per unit” wording to reported value for PD units to ensure the Insured
will have their PD deductible calculated at time of loss.
Amended NFIP clarification to include reference to “Earthquake” and “Named
Storm”.
Course of Construction
Amended wording to clarify that “maintenance, repair, renovations and
refurbishment of existing locations is not considered to be in the Course of
Construction”.
Demolition/ICC
Amended b. to read “The cost to rebuild the undamaged part of the insured
WAR – January 2015 Version
Material Changes from 2011 Version
Clause No.
Page No.
IV.M.
25
Property Excluded
Added exclusions for underground mines and mining equipment.
V.H.2.a.
33
Amended “not to exceed the amount by” to read “even though such expenses may
exceed the amount by”.
V.H.2.b.
33
V.H.2.d.
34
V.H.2.e.
34
V.H.2.i.
35
V.H.2.j.
35
Extensions of Time
Element – Expenses to
Reduce Loss
Extensions of Time
Element – Contingent
“Time Element”
Extensions of Time
Element – Interruption by
Civil or Military Authority
Extensions of Time
Element – Loss of Ingress
or Egress
Extensions of Time
Element Coverage
Extensions of Time
Element Coverage
VI.
37-42
Exclusions
Under G. Pollution/Contamination, K. Mold/Mildew, N. Electronic Media/Data and
O. Asbestos, amended Listed Perils to include “Named Storm” and transit.
VI.
39
Exclusions
Under I. Hostile or Warlike Action/Act of Terrorism, deleted Act of Terrorism since
the exclusionary wording only mentions war.
VII.
45
Valuation
Added L. Historical Landmark
2
Clause
Amendment
property” which is considered more industry standard.
Added “airlines, airports, railroads, railway stations, ports, cruise ships and other
means of transportation involved in the transport of patrons, equipment or other
goods to the Insured’s location(s)”
Amended “prevented” to read “prevented or impaired” and added coverage for
imminent loss and increased miles limitation from five (5) to ten (10).
Amended “prevented” to read “prevented or impaired” and increased miles
limitation from five (5) to ten (1).
Added new coverage: Downzoning
Added new coverage area to policy: Special Time Element – Cancellation Coverage
WAR – January 2015 Version
Material Changes from 2011 Version
Clause No.
X.K.
Page No.
60
Clause
Definitions – High Hazard
Zones Earthquake
X.N.
62
Definitions – Land
Improvements
X.R.
63
Definitions – Named Storm
X.Y.
64
Definitions – High Hazard
Named Storm Zones USATier One
Endorsement
69
Locations in FEMA SFHA
Zones A or V
Endorsement
70
Third Party (Loss Payee)
Deductible and
Reimbursement
3
Amendment
Added note to suggest trying to limit to Alaska, California, Hawaii and Puerto Rico
within the United States.
If you must include New Madrid or Pacific NW, the list of counties has been
decreased to mirror what is acceptable to broader marketplace as opposed to
expiring list which was based on FM Global list.
Added “including golf courses, beaches”
Amended “U.S. National Weather Service” to “NOAA’s National Hurricane Center or
similar Meteorological Authority”.
Also added the following sentence: “Notwithstanding whether or not the loss
location is situated within a SFHA designated flood zone, the limits and deductibles
applicable to “Named Storm” shall apply.”
Reduced the number of counties to mirror what is acceptable to broader
marketplace as opposed to expiring list which was based on FM Global list.
Inserted “buildings or structures” in first sentence so that other property (e.g.,
parking lots) not located in zones A or V will not be subject to A or V
limit/deductible.
Added an endorsement to address this issue should it be necessary