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AIA Document A133 - 2019 Exhibit B
<br />Insurance and Bonds
<br />ARTICLE 13.2 OWNER'S INSURANCE
<br />§ 13.2.1 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 13.2 and, upon the Construction Manager's request, provide a copy of the property insurance policy or
<br />policies required by Section 13.2.3. The copy of the policy or policies provided shall contain all applicable conditions,
<br />definitions, exclusions, and endorsements.
<br />§ 13.2.2 Liability Insurance
<br />The Owner shall be responsible for purchasing and maintaining the Owner's usual general liability insurance.
<br />§ 13.2.3 Required Property Insurance
<br />§ 13.2.3.1 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 the
<br />jurisdiction where the Project is located, property insurance written on a builder's risk "all-risks" completed value or
<br />equivalent policy form and sufficient to cover the total value of the entire Project on a replacement cost basis. The Owner's
<br />property insurance coverage shall be no less than the amount of the initial Contract Sum, plus the value of subsequent
<br />Modifications and labor performed and materials or equipment supplied by others. The property insurance shall be
<br />maintained until Substantial Completion and thereafter as provided in Section 13.2.3.1.3, unless otherwise provided in the
<br />Contract Documents or otherwise agreed in writing by the parties to this Agreement. This insurance shall include the interests
<br />of the Owner, Construction Manager, Subcontractors, and Sub -subcontractors in the Project as insureds. This insurance shall
<br />include the interests of mortgagees as loss payees.
<br />§ 13.2.3.1.1 Causes of Loss. The insurance required by this Section 13.2.3.1 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,
<br />or windstorm. The insurance shall also provide coverage for ensuing loss or resulting damage from error, omission, or
<br />deficiency 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 Loss Sub -Limit
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<br />§ 13.2.3.1.2 Specific Required Coverages. The insurance required by this Section 13.2.3.1 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
<br />also cover debris removal, including demolition occasioned by enforcement of any applicable legal requirements, and
<br />reasonable compensation for the Architect's and Construction Manager's services and expenses required as a result of such
<br />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 />§ 13.2.3.1.3 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 13.2.3.1 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 />AIA Document A133' - 2019 Exhibit S. Copyright _'019 by The American Inscicu*_e a' Acchi_ects. All _rights reserved. __-... .-.-
<br />:.. -- - This
<br />draft was produced by Al, so=baa re at 15:3'25 OT on 06/11/2020 under Order Nc.5113095722 which expires on 34/05/2021, r not `or r_sa ,
<br />s licensed for one-time use only, and m accordance
<br />n1y 'o_ used in wish the AIA Contract Documents Terms of S_. ,i__. To report
<br />cco yright pia tio.n s, _-mail cco7rightgaia.org.
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