FLOOD01287

• County: Arapahoe
• Community: Littleton
• Title: 10,000 Trees - Phase Three South Platte Park, Littleton, Colorado
• Date: 10/4/1991
• Prepared For: Littleton
• Prepared By: DHM, Inc.
• Floodplain - Doc Type: Educational/Technical/Reference Information

17.04

17.05

B.

C.

D.

OWNER'S LIABILITY INSURANCE

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A.

Contractor shall purchase and maintain Owner's protective liability
insurance. This insurance shall be issued in the name of Owner and
shall protect and defend Owner against all claims arising as a
result of the operations of Contractor or his Subcontractors. The
liability limits shall be as specified for comprehensive general
liability insurance.

PROPERTY INSURANCE

A.

Owner intends to, and may, but is not obligated to purchase and
maintain property insurance upon the Work at the site to the full
insurable value thereof. This insurance shall include the interests
of Owner, Contractor and Subcontractors in the Work, shall insure
against the perils for fire and extended coverage and shall include
"all risk" insurance for physical loss and damage including theft,
vandalism and malicious mischief, collapse and water damage, and
shall include damages, losses and expenses arising out of or resulting
from any insured loss or incurred in the repair or replacement of
any insured property (including fees and charges or engineers, archi.,
tects, attorneys and other professionals). Contractor shall purchase
and maintain similar property insurance on portions of the Work stored
on and off the site or in transit when such portions of the Work are
to be included in an Application 'for Partial Payment.

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Owner intends to, and may, but is not obligated to purchase and
maintain boiler and machinery insurance.

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If Contractor requests in writing that other special insurance be
included in the property insurance policy, Owner shall, if possible,
include such insurance, and the cost thereof shall be charged to
Contractor by appropriate Change Order. Prior to commencement of the
Work at the site, Owner will, in writing, advise Contractor whether
or not such special insurance has been procured by Owner.

Builder's Risk Insurance

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1. Contractor shall purchase and maintain builder's risk insurance.
This insurance shall be written in completed value form and shall
protect Contractor, Owner, and Architect against risks of damage
to buildings, structures, and materials and equipment not other-
wise covered under installation floater insurance, from the perils
of fire and lightning, the perils included in the standard extended
coverage endorsement, and the perils of vandalism and malicious
mischief. The amount of such insurance shall be not less than the
insurable value of the Work at completion less the value of the
materials and equipment insured under installation floater insurance.

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2. Builder's risk insurance shall provide for losses to be payable
to Contractor, Owner, and Architect as their interests may appear.
The policy shall contain a provision that, in the event of payment
for any loss under the coverage provided, the insurance company
shall have no rights of recovery against the Contractor, Owner,
and Architect.

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