Home Insurance Policy 2717030-V4 PDF

2717030-4 1 of 53 Chris Moen May 1, 2024 321 - 360 Patricia Avenue Ottawa, Ontario K1Z0A8 Re: Home Insurance Policy #2717030 Dear Chris:...

2717030-4 1 of 53 Chris Moen May 1, 2024 321 - 360 Patricia Avenue Ottawa, Ontario K1Z0A8 Re: Home Insurance Policy #2717030 Dear Chris: Please find attached Policy Declaration and Policy Wordings for your Home Insurance Policy #2717030. Please review the entire document and contact us at 1.855.331.6933 or [email protected] with any changes or questions. Regards, Square One Insurance Services Square One Insurance Services Tel 1.855.331.6933 650 West Georgia Street, Suite 1410 Fax 1.855.331.6935 Vancouver, BC V6B 4N8 squareone.ca 2717030-4 2 of 53 Chris, here is your complete home insurance policy Policy 2717030-4 is effective Jun 2, 2024, and it protects your home at 321 - 360 Patricia Ave Ottawa, ON K1Z0A8. Important: Please read and keep safe. Thank you for choosing Square One. This document consists of your Policy Declaration and your Policy Wordings, which together form your complete Policy. Please read this document carefully. For answers to any questions you may have, call 1.855.331.6933 or email [email protected]. Need to change this policy, update your payment information, or report a claim? Do so by logging in to your online account at squareone.ca. Or, call 1.855.331.6933 for assistance. Quote and policy support is available 5:00 am to 6:00 pm (PT), Monday to Saturday. Our claims department is available 24 hours a day. Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 2 of 53 2717030-4 3 of 53 Table of Contents This table of contents will assist you in quickly locating specific sections of your Policy Declaration and Policy Wordings. Policy Declaration 5 1. Policy Overview...................................................... 5 2. Policy Coverages and Deductibles............................................ 7 3. Monthly Costs and Payment Details........................................... 9 4. Underwriting Information................................................. 10 5. Agency, Insurer and Disclosure Notice.......................................... 13 5.1 Agency...................................................... 13 5.2 Insurer...................................................... 13 5.3 Disclosure Notice................................................ 13 6. Consent Statements................................................... 14 6.1 Consent on Personal Information........................................ 14 6.2 Consent on Electronic Communication..................................... 14 7. Managing this Policy and Reporting Claims....................................... 15 7.1 Changing this Policy............................................... 15 7.2 Cancelling this Policy.............................................. 15 7.3 Reporting Claims................................................. 15 Policy Wordings 16 1. Insuring Agreement.................................................... 16 2. Definitions........................................................ 16 3. Property Coverages.................................................... 19 3.1 Condo Owner’s Protection............................................ 20 3.2 Bicycles, Sporting Equipment and Watercraft................................. 20 3.3 Business Property................................................ 21 3.4 Fine Arts and Collectibles............................................ 21 3.5 Jewellery and Watches.............................................. 21 3.6 Personal Property................................................ 22 3.7 Identity Theft and Financial Loss........................................ 23 4. Loss of Use Coverages.................................................. 24 4.1 Additional Living Expenses........................................... 24 5. Liability Coverages.................................................... 24 5.1 Personal and Premises Liability......................................... 25 6. Legal Protection Coverages................................................ 25 6.1 Enhanced Legal Protection........................................... 25 6.2 Complete Legal Protection........................................... 25 7. Exclusions......................................................... 26 7.1 Policy Exclusions................................................. 26 7.2 Property and Loss of Use Exclusions...................................... 26 7.3 Liability Exclusions................................................ 28 8. Policy Deductibles.................................................... 29 Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 3 of 53 2717030-4 4 of 53 8.1 Standard Deductible............................................... 30 8.2 Earthquake Deductible.............................................. 30 8.3 Liability Deductible............................................... 30 9. Additional Conditions................................................... 30 9.1 Policy Conditions................................................ 30 9.2 Liability Conditions............................................... 31 9.3 Statutory Conditions............................................... 32 9.4 Standard Mortgage Clause............................................ 36 Addendum A: Legal Protection Policy Wordings 38 1. Insuring Agreement.................................................... 38 2. Definitions........................................................ 39 3. Coverages......................................................... 41 3.1 Personal Property Protection.......................................... 41 3.2 Business Property Protection.......................................... 42 3.3 Bodily Injury Protection............................................. 42 3.4 Employee Legal Defence............................................. 42 3.5 Business Legal Defence............................................. 42 3.6 Personal Employment Disputes......................................... 42 3.7 Business Employment Disputes......................................... 43 3.8 Personal Tax Protection............................................. 43 3.9 Business Tax Protection............................................. 43 3.10 Personal Contract Disputes........................................... 43 3.11 Business Contract Disputes and Debt Recovery................................ 44 3.12 Business License Protection........................................... 44 3.13 Driver’s License Protection........................................... 45 3.14 Driver’s Legal Defense.............................................. 45 3.15 Total Loss Valuation Disputes.......................................... 45 3.16 Residential Tenancy Disputes.......................................... 46 3.17 Landlord Order Enforcement.......................................... 46 3.18 Landlord Legal Defence............................................. 46 3.19 Telephone Legal Helpline............................................ 46 4. Making a Claim...................................................... 46 5. Limit of Indemnity.................................................... 46 6. General Exclusions.................................................... 47 7. General Conditions.................................................... 48 8. Statutory Conditions................................................... 50 Addendum A: Condo Concierge Services 53 1. Condo Advisory Services................................................. 53 2. Telephone Legal Helpline................................................. 53 Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 4 of 53 2717030-4 5 of 53 Policy Declaration This Policy Declaration describes the insurance you purchased. It is based on information provided and selections made. Contact us immediately if changes or corrections are required. Please note that this Policy contains clauses that may limit the amount payable. Policy Overview This Policy replaces any previous Policy bearing the same Policy number. The policy term is effective at the location insured on the date specified below. Insurer: The Mutual Fire Insurance Company of British Columbia Suite 201 - 9366 200A Street Langley, BC V1M 4B3 Policy number: 2717030 Policy term: From Jun 2, 2024 until cancelled or replaced. Next policy review date: Jun 2, 2024 Named insured: Coverages applicable: 1 Chris Moen All selected Insured location: 321 - 360 Patricia Ave Ottawa, ON K1Z0A8 Occupied: Yes Occupied by: Just me Primary home: Yes Home sharing: No Mailing address: 321 - 360 Patricia Avenue Ottawa, Ontario K1Z0A8 Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 5 of 53 2717030-4 6 of 53 Registered mortgages: Canadian Imperial Bank of Commerce, National Servicing (in order of priority) Centre Commerce Court Postal Station - -PO Box 115 Toronto, Ontario M5L1E5 Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 6 of 53 2717030-4 7 of 53 Policy Coverages and Deductibles The coverages, limits, deductibles, and monthly premiums that apply to this Policy are listed below. Please refer to the Policy Wordings for the descriptions of these coverages and deductibles. All limits, monthly premiums, and other amounts expressed in this document are in Canadian currency. Coverages Limit Premium Business Property $5,000 $8.38 Condo Owner’s Protection $100,000 $56.06 Identity Theft and Financial Loss $10,000 $1.67 Jewellery and Watches $6,000 $5.57 Personal Property $30,000 $16.12 Additional Living Expenses $25,000 $13.07 Personal and Premises Liability $1,000,000 $5.56 Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 7 of 53 2717030-4 8 of 53 Legal Protection Coverages Amount Premium 1. Property Protection $100,000 $3.92 2. Employment Disputes $100,000 Included 3. Tax Protection $100,000 Included 4. Bodily Injury Protection $100,000 Included 5. Contract Disputes $100,000 $1.00 6. Driver’s License Protection $100,000 Included 7. Driver’s Legal Defense $100,000 Included 8. Total Loss Valuation Disputes $100,000 Included 9. Employee Legal Defence $100,000 Included 10. Telephone legal advice no limit Included An aggregate maximum limit of $500,000 applies to all Legal Protection claims made during the same policy term. Deductibles Amount Premium Standard $1,000 Included Earthquake $5,000 Included Liability $0 Included Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 8 of 53 2717030-4 9 of 53 Monthly Costs and Payment Details The monthly costs and payment details for this Policy are listed below. Monthly Costs Premium Selected coverages and deductibles: $111.35 8% Ontario Retail Sales Tax (#843539917TR0001): $8.91 Total monthly Costs: $120.26 Payment Details Selection Payment frequency: Monthly Payment method: Bank account First Payment: May 27, 2022 Regular monthly payment: 2nd of each month Next payment: Jun 2, 2024 Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 9 of 53 2717030-4 10 of 53 Underwriting Information A summary of the underwriting information collected from you is provided below. This information has been used to determine appropriate coverages, calculate associated premiums, and offer insurance under this Policy. If any of this information is incorrect or changes in the future, then a claim made under this Policy may become invalid and your right to recover may be forfeited. Notify us immediately of any corrections or changes by calling 1.855.331.6933 or emailing [email protected]. Applicants Birthdate Chris Moen *** **, **96 Question Answer What is the home’s address? 321 - 360 Patricia Avenue Ottawa, Ontario K1Z0A8 Do you own the home or rent it? Own What type of home is it? Apartment How many mortgages are registered against the home, including additional mortgages that may 1 be registered in the next 45 days? Does your mortgagee need to be listed on the policy? Yes What year did you purchase the home? 2019 Will the home be occupied within 7 days of when this policy starts? Yes Who will live in the home? Insured only Will this be the home you live in most of the time? Yes Will you participate in home sharing programs, home exchanges or short-term rentals? No Do you operate a home-based business at this location? No Does your household include any dogs? No In what year was the home built? 2013 How many floors are there in the building? 5 to 9 floors How many bedrooms are in the home? 1 bedroom Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 10 of 53 2717030-4 11 of 53 What are your first and last names? Chris Moen What is your preferred name? Chris What is your email address? moe****@gmail.com What is your birthdate? *** **, **96 Do you currently have an active home insurance policy? Yes Since what year have you had an active policy? 2021 In the past 5 years, has a home insurance provider: (1) cancelled or voided your policy; (2) No refused to renew your policy; (3) imposed conditions on your policy; or (4) required repairs to the home that are not yet completed? To offer you an accurate quote, Square One Insurance Services uses information that you Yes provide along with claims and credit histories we retrieve. Would you like to proceed? By continuing with this quote, you authorize us to contact you regarding this quote by email, phone, text message, or other means. You can opt-out or update your preferences at any time. Do you want to register specialty property, eliminating the maximum payable for approved Yes items? What is your phone number? (819) ***-*410 What is the mailing address for this policy? 321 - 360 Patricia Avenue Ottawa, Ontario K1Z0A8 What is the name of mortgage company #1? Canadian Imperial Bank of Commerce, National Servicing Centre What is the address of mortgage company #1? Commerce Court Postal Station - -PO Box 115 Toronto, Ontario M5L1E5 Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 11 of 53 2717030-4 12 of 53 Terms and Conditions (accepted by applicants) 3  You, and all other applicants, authorize Square One Insurance Services to: (1) collect and use personal information; (2) retrieve and use claims history and credit information; (3) provide a home insurance quote; and, (4) send emails related to this quote. 3  All information provided is true and correct. Any claims under this insurance will become invalid, and your right to recover will be forfeited, if you: (1) give false information; (2) knowingly fail to disclose or misrepresent any fact in the application; (3) contravene a term of the contract or commit a fraud; or, (4) willfully make a false statement in respect of a claim. 3  You are entering into a variable recurring pre-authorized debit agreement that lets us withdraw funds from your bank account without notification of each withdrawal. You will review this agreement and contact us with any questions. You must provide 10 days’ notice to change or terminate this agreement. You may be charged a $20 fee for any payment returned as unsuccessful. Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 12 of 53 2717030-4 13 of 53 Agency, Insurer and Disclosure Notice Agency This Policy is sold, administered, and serviced by: Square One Insurance Services Suite 1410 650 Georgia Street West Vancouver, BC V6B 4N8 Tel: 1.855.331.6933 Fax: 1.855.331.6935 Email: [email protected] Insurer This Policy is underwritten by: The Mutual Fire Insurance Company of British Columbia Suite 201 - 9366 200A St Langley, BC V1M 4B3 The Mutual Fire Insurance Company of British Columbia is Square One Insurance Services’ principal insurer. The Legal Protection Insurance offered as part of this Policy is managed by ARAG Legal Solutions Inc. and underwritten by: HDI Global Specialty SE 220 Bay Street, Suite 400 Toronto, ON M5J 2W4 Disclosure Notice Square One Insurance Services is licensed as a general insurance agency by the Insurance Council of British Columbia (LIC- 184649C130772R03), the Alberta Insurance Council (7-10836878), the Insurance Councils of Saskatchewan (06722), the Insurance Council of Manitoba (1679), the Financial Services Commission of Ontario (890M), and the Autorité des marchés financiers (3002172755). The proposed insurance transaction is between you and the Insurer. In soliciting the transaction described above, Square One Insurance Services represents the Insurer. Upon completion of this transaction, Square One Insurance Services will be paid a commission or fee by the Insurer. Square One Insurance Services has no business or financial interest in the Insurer and the Insurer has no business or financial interest in Square One Insurance Services. Both Square One Insurance Services and the Insurer are prohibited from requiring you to transact additional or other business as a condition of this transaction. Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 13 of 53 2717030-4 14 of 53 Consent Statements Consent on Personal Information I have provided Personal Information to Square One Insurance Services and/or the Insurer, and I may in the future provide further Personal Information. Personal Information may include, but is not limited to, my name, address, credit information, and claims history (”Personal Information”). I authorize Square One Insurance Services and/or the Insurer to collect, use, and disclose any of this Personal Information, subject to the law and to any policies regarding Personal Information Square One Insurance Services and/or the Insurer may have and as may be amended from time to time, for the purpose of: (a) communicating with and marketing to me; (b) assessing my Policy Application; (c) underwriting my Quote or Policy; (d) evaluating claims; (e) detecting and preventing fraud; and, (f) analyzing business results and product development. I confirm that all individuals whose Personal Information is contained in this Policy or Quote have authorized me to agree to the above on their behalf. Consent on Electronic Communication I agree any Electronic Communication between Square One Insurance Services and me will take place according to the provisions of this section. Electronic Communication means any communication of instructions by telephone or other method of telecommunication, or electronic transmission by facsimile or computer (”Electronic Communication”). Square One Insurance Services will consider any Electronic Communication received from me or in my name to be duly authorized by me. I authorize Square One Insurance Services to rely and act on any such Electronic Communication. If the Electronic Communication is by facsimile, then Square One Insurance Services will be entitled to act upon any signature purporting to be my signature. If Square One Insurance Services tries to verify the signature on a facsimile transmission or the validity of any instructions electronically communicated (though not obligated to do so) and is unable to do so, then Square One Insurance Services may delay in acting on or refuse to act on such instructions. I understand, agree, and authorize that, for our mutual protection and quality assurance purposes, Square One Insurance Services may record all telephone calls that relate to this Quote or Policy. I agree that the records Square One Insurance Services has regarding any Electronic Communication will be admissible in any legal, administrative or other proceedings as if such records were original written documents. These records will be conclusive proof of the information contained in such Electronic Communication. Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 14 of 53 2717030-4 15 of 53 Managing this Policy and Reporting Claims Changing this Policy Any Named Insured listed on this Policy Declaration may make changes to this Policy. Notwithstanding this authorization, Square One Insurance Services may require all Named Insureds on this Policy Declaration to confirm the requested changes before making the changes. To make a change to this Policy, log in to your online account by visiting squareone.ca or contact Square One Insurance Services. Cancelling this Policy This Policy can be cancelled at any time. The First Named Insured on the Policy Declaration must authorize cancellation. Square One Insurance Services may require this authorization be provided in writing. To cancel this Policy, log in to your online account by visiting squareone.ca or contact Square One Insurance Services. A refund will be provided for the excess premium actually paid over the pro-rata premium for the expired time. No refund will be issued for an amount less than $5.00. Reporting Claims Any Named Insured on this Policy Declaration may report a claim under this Policy. Emergency claims service is available 24-hours a day. To report a claim under this Policy, log in to your online account by visiting squareone.ca or contact Square One Insurance Services. To secure legal advice or to report a claim under the legal protection coverages, please contact ARAG Legal Solutions Inc. at 1.877.255.4269. For more information, please see Addendum A. Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 15 of 53 2717030-4 16 of 53 Policy Wordings These Policy wordings describe the home insurance that you have purchased. They include various terms, conditions, and exclusions that limit the insurance this Policy provides. Please read the nine sections of this document carefully and contact us if you have any questions. 1 Insuring Agreement In exchange for the premium paid, this Policy provides the insurance described in these Policy Wordings, subject to the limits and deductibles specified on the Policy Declaration. All limits, deductibles, and premiums expressed in this Policy are in Canadian currency. Only Named Insureds may make changes to this Policy, file a claim under this Policy, or take legal action against the Insurer. This Policy cannot be assigned to others without the Insurer’s written consent. Insurance cannot be a source of profit; it is designed to indemnify you for insured losses you incur or you are legally liable to pay. This Policy will not pay any amount greater than your insurable interest at the time of loss. 2 Definitions The following definitions apply to all sections of your Policy except Section 6. Additional definitions may also be embedded in specific sections of this Policy. Throughout this Policy, the words ”you” and ”your” refer to any Insured, or collectively to all Insureds. 2.1 Actual Cash Value means Replacement Cost (as defined), minus a deduction for depreciation and obsolescence, which takes into consideration the condition of the property immediately before the loss, its normal life expectancy, and its resale value. 2.2 Aircraft means any machine capable of flight through the air, except for remote-controlled recreational drones weighing no more than five (5) pounds. 2.3 Bicycles and Sporting Equipment means any personal and portable equipment used for athletic or recreational activities, including cycling, equestrian, fishing, golf, hang-gliding, hockey, hunting, paragliding, shooting, skating, skiing, snowboarding, surfing, and windsurfing. 2.4 Bodily Injury means damage to a person’s physical condition including pain, illness or resulting death. 2.5 Building means the main structure of your Premises (as defined) occupied by you or your tenants as a private residence. 2.6 Business Property means property obtained, held, used, or intended for use in any activity undertaken for money or other compensation, including materials, supplies, inventory, stock, tools, computers and equipment. 2.7 Business means any activity undertaken for money or other compensation, except: (a) your work as an employee of another individual, or of a company that you do not own; (b) your personal actions that are not related to your Business (as defined), or activities which are not ordinarily considered to be Business activities; (c) the temporary or part-time Business (as defined) activities of a dependant Insured under eighteen (18) years of age; Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 16 of 53 2717030-4 17 of 53 (d) your rental to others of a portion of your Premises (as defined) for use as a private residence if this rental is noted on your Policy Declaration (as defined); or, (e) your rental to others of three (3) or fewer car spaces or parking stalls in a residential garage on or attached to the Premises (as defined). 2.8 Civil Authority means any person acting with authority under federal, provincial or territorial legislation with respect to the protection of persons and property in the event of an emergency. 2.9 Coastal Flood means the covering of dry land by seawater as well as any resulting Water Backup (as defined), including coastal flood caused by high tides, sea or ocean waves, normal movements or changes in sea or ocean levels, wind-driven storm surge, and Earthquake (as defined). 2.10 Collectibles means: (a) items possessed as a hobby, for display, or as an investment or store of value, including sports card collections, comic book collections, sports memorabilia, rare or signed or first edition books, coin collections and stamp collections; (b) any porcelain ware, plates, cups and saucers that are supplementary to everyday usage; (c) figurines made of porcelain or ceramic material; (d) fine designer crystal glasses, bowls and dishes that are supplementary to everyday usage; (e) eating and serving utensils made of silver that are supplementary to everyday usage; and (f) hand-woven or hand-knotted one-piece rugs or carpets. 2.11 Condo Corporation means a condominium corporation, strata corporation, or a syndicate of co-owners (as the case may be) as established under the Condominium Property Act of Alberta, the Condominium Property Act of Saskatchewan, the Condominium Act of Manitoba, the Condominium Act of Ontario, the Strata Property Act of British Columbia, or the Civil Code of Quebec. 2.12 Detached Structures means all permanent structures on your Premises (as defined) that are not attached to the Building (as defined) and includes garages, sheds, and gazebos. For the purpose of this Policy (as defined), Detached Structures does not include Fences and Landscaping (as defined). 2.13 Earthquake means the sudden release of energy in the Earth’s crust and upper mantle causing shock and shaking of the surface of the Earth, and subsequent shocks, landslides, snowslides, and earth movements occurring within one-hundred and sixty-eight (168) consecutive hours after the initial shock and shaking. 2.14 Eligible Car Insurance Policy means a car insurance policy issued in your name and purchased through Square One Insurance Services. 2.15 Fences and Landscaping means outdoor fences, trees, shrubs, lawns, plants, retaining walls, rockeries and permanent ornamental landscaping used to improve the appearance of your Premises (as defined). 2.16 Fine Arts means visual art considered to have been created primarily for aesthetic purposes and judged for its beauty or meaningfulness, and includes paintings, sculptures, drawings, watercolours, graphics, limited edition prints, and other pieces that cannot be easily replaced. 2.17 Fixtures means any property that is permanently attached to the Building (as defined) by means of cement, plaster, nails, bolts or screws, except for household appliances and Service Lines (as defined). Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 17 of 53 2717030-4 18 of 53 2.18 Inland Flood means the covering of dry land by freshwater or wastewater as well as any resulting Water Backup (as defined), including Inland Flood caused by snowmelt, rainfall, or the escape or release of water from the normal confines of a lake, river, stream, natural or man-made watercourse, reservoir, canal, or dam. 2.19 Insured means any Named Insured (as defined) and: (a) while living in the same household: (1) your Partner (as defined); (2) the relatives of you or your Partner; (3) any person under twenty-one (21) years of age in your care; (4) any domestic employees; (b) the parents of you or your Partner while they reside in a nursing home or residential care facility; and (c) any students who are enrolled in and attending schools, colleges or universities and who are dependent on you or your Partner for support and maintenance. 2.20 Insurer means the insurance company underwriting this Policy (as defined) and named on your Policy Declaration (as defined). 2.21 Jewellery and Watches means objects designed for the adornment of the body, and includes necklaces, bracelets, rings, earrings, watches, and precious or semi-precious stones. 2.22 Landlord’s Property means Personal Property (as defined) owned by you and intended for use by your tenants on-site at the Premises (as defined), including tools, appliances, and furniture. 2.23 Limited Depreciation means Replacement Cost (as defined), minus a deduction of no more than fifty (50) percent for depreciation and obsolescence, which takes into consideration the condition of the property immediately before the loss, its normal life expectancy, and its resale value. 2.24 Motor Vehicle means any self-propelled vehicle. This definition includes trailers and camper units, but does not include: (a) garden-type tractors, lawn mowers, trimmers, and snow blowers; (b) motorized wheelchairs or motorized scooters specifically designed for use by people with physical disabilities; (c) golf carts; or (d) Power-Assisted Bicycles (as defined). 2.25 Named Insured means the person(s) appearing under the heading ”Named insured” on the Policy Declaration (as defined). 2.26 Occurrence means a single event that causes loss or damage to insured property, Bodily Injury (as defined), or Property Damage (as defined) insured under this Policy (as defined). 2.27 Partner means your spouse, or the person with whom you are cohabiting in a marriage-like relationship. 2.28 Personal Property means tangible, moveable or portable property that you own, including all household appliances. For the purposes of this Policy (as defined), Personal Property does not include the following types of property (each as defined) for which additional insurance can be purchased: Bicycles and Sporting Equipment; Business Property; Collectibles; Detached Structures; Fences and Landscaping; Fine Arts; Jewellery and Watches; Landlord’s Property; and Watercraft. 2.29 Policy Declaration means the document containing policy information, applicable coverages, limits and deductibles, special conditions and the application for insurance. Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 18 of 53 2717030-4 19 of 53 2.30 Policy means the application for insurance, the Policy Declaration (as defined) and these Policy Wordings, which together form your complete insurance Policy. 2.31 Pollutants means any solid, liquid, gaseous, or thermal irritant or contaminant, including but not limited to vapour, soot, fumes, acids, alkalis, chemicals, fuel oil, and waste. 2.32 Power-Assisted Bicycles means bicycles that are regulated by pedalling, with electric motors totaling no more than 500W that assist riders’ efforts when pedalling, to speeds of no greater than 32km/h on level ground. 2.33 Premises means the land and all structures contained within the lot lines of the insured location on the Policy Declaration (as defined) reserved for your and/or your tenants’ exclusive use or occupancy. 2.34 Property Damage means physical damage to, destruction of, or loss of use of tangible property belonging to anyone other than an Insured (as defined) under this Policy (as defined). 2.35 Replacement Cost means the actual cost to repair, replace or rebuild, whichever is less, with like kind and quality. 2.36 Service Lines means the following underground equipment on your Premises (as defined): (a) sewer lines connected to a municipal sewer system; (b) water supply lines connected to municipal water mains or private wells; (c) active electrical and telecommunications lines; and (d) domestic natural gas supply lines connected to a regional distribution system. 2.37 Short-Term Rentals means your rental to others of a portion of your Premises (as defined) for use as a private residence for a period of less than six (6) months at a time. 2.38 Terrorism means an ideologically motivated unlawful act or acts, including the use of violence or force, or the threat of violence or force, committed by or on behalf of any individual(s), group(s), organization(s) or government(s) for the purpose of influencing any government and/or instilling fear in the public. 2.39 Vacant means all occupants have left the home with no intention of returning to reside in it, and no new occupants have taken up residence in the home, regardless of the presence of furnishings or other belongings. In the case of a newly constructed home, Vacant means occupants have not yet taken up residence in the home, regardless of the presence of furnishings or other belongings. In the case of a newly acquired home, Vacant means occupants have not taken up residence in the home within seven (7) days of when you take legal ownership of the home, regardless of the presence of furnishings or other belongings. 2.40 Water Backup means the backing up or escape of freshwater or wastewater from a sewer, storm drain, drain, sump, or septic tank. 2.41 Watercraft means a commercially manufactured device used to transport person(s) or property across a body of water, and its accessories, equipment, and trailer. 3 Property Coverages This section describes the insurance on your home, personal property, and specialty property for loss or damage insured under this Policy. The insurance provided under each property coverage, subject to the limits and deductibles specified on your Policy Declaration, is described below. Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 19 of 53 2717030-4 20 of 53 3.1 Condo Owner's Protection 3.1.1 Loss or damage insured. Subject to the limitations and exclusions of this Policy and up to the limit specified on your Policy Declaration, this coverage insures: (a) amounts you are assessed for direct physical loss or damage to your Condo Corporation’s assets that: (1) fall below the applicable deductible under the property insurance policy carried by your Condo Corporation; (2) exceed the applicable limit of coverage under the property insurance policy carried by your Condo Corporation; or (3) are not insured by your Condo Corporation; (b) direct physical loss or damage to: (1) improvements, additions or alterations to your Premises; (2) physical features of your Premises that you are responsible to insure, including countertops, flooring, glass, and other Fixtures; and (3) materials and supplies not insured by your Condo Corporation, when located on your Premises and intended to be used in building, altering or repairing your Premises; (c) reasonable expenses incurred to refinish or replace the undamaged portion of floors, walls, ceilings, cabinets, drawers or countertops necessary to reasonably preserve a pre-existing uniform appearance within the same floor or level of your Premises; and (d) reasonable expenses incurred for a licensed tradesperson to determine if this Policy covers loss or damage to your Premises. If it is determined that this Policy does not cover the loss or damage, then the maximum payment for such expenses will be $1,500. These expenses only include the costs to investigate and determine the cause of the loss in order to confirm if this Policy covers the loss or damage. The cost of any repairs is specifically excluded from these expenses. 3.1.2 Basis of loss payment. (a) If you repair or replace within 180 days of the loss or damage, then payment will be made on a Replacement Cost basis up to the limit specified on your Policy Declaration. (b) If you do not repair or replace within 180 days of the loss or damage, then payment will be made on a Limited Depreciation basis up to the limit specified on your Policy Declaration. 3.1.3 Condo concierge services. In addition to the coverage described above, your Policy includes additional condo concierge services described solely and wholly in the attached Addendum A: Condo Concierge Services. 3.2 Bicycles, Sporting Equipment and Watercraft You have not purchased this coverage as part of your Policy. Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 20 of 53 2717030-4 21 of 53 3.3 Business Property 3.3.1 Property insured. This coverage insures your Business Property at your Premises or while temporarily away from your Premises and, at your option, the Business Property of others in your care or possession. 3.3.2 Loss or damage insured. Subject to the limitations and exclusions of this Policy, this coverage insures: (a) all types of direct physical loss or damage to Business Property; and (b) reasonable and necessary expenses that you incur to restore or reproduce critical Business documents and records. 3.3.3 Maximum payable. The maximum payable for any single item or set of items not specifically described on your Policy Declaration is $3,000. 3.3.4 Basis of loss payment. (a) If you repair or replace within 180 days of the loss or damage, then payment will be made on a Replacement Cost basis up to the limit specified on your Policy Declaration. The Insurer has the right to determine whether to repair or replace. (b) If you do not repair or replace within 180 days of the loss or damage, then payment will be made on a Limited Depreciation basis up to the limit specified on your Policy Declaration. (c) If an item is in the process of being prepared, manufactured or assembled, or is otherwise incomplete at the time of the loss or damage, then payment will be made only for the Replacement Cost of its raw materials, components and parts. (d) If an item was not in good and workable condition prior to the loss, then payment for that item will be made on an Actual Cash Value basis up to the limit specified on your Policy Declaration. (e) If an item is part of a pair or set, then payment for that item will be made based on the proportion of the Replacement Cost, Limited Depreciation, or Actual Cash Value, as determined by (a), (b) or (c), of the pair or set. 3.4 Fine Arts and Collectibles You have not purchased this coverage as part of your Policy. 3.5 Jewellery and Watches 3.5.1 Property insured. This coverage insures your Jewellery and Watches at your Premises or while temporarily away from your Premises. 3.5.2 Property not insured. This coverage does not insure Jewellery and Watches used for Business, while on exhibit or consignment, or while in transit to or from their exhibition or consignment. 3.5.3 Loss or damage insured. Subject to the limitations and exclusions of this Policy, this coverage insures all types of direct physical loss or damage. Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 21 of 53 2717030-4 22 of 53 3.5.4 Maximum payable. The maximum payable for any single item or set of items not specifically described on your Policy Declaration is $6,000. 3.5.5 Basis of loss payment. (a) If you repair or replace within 180 days of the loss or damage, then payment will be made on a Replacement Cost basis up to the limit specified on your Policy Declaration. (b) If you do not repair or replace within 180 days of the loss or damage, then payment will be made on a Limited Depreciation basis up to the limit specified on your Policy Declaration. (c) If an item is part of a pair or set, then payment for that item will be made based on the proportion of the Replacement Cost, Limited Depreciation, or Actual Cash Value, as determined by (a) or (b), of the pair or set. 3.6 Personal Property 3.6.1 Property insured. This coverage insures: (a) your Personal Property at your Premises or while temporarily away from your Premises; (b) the Personal Property of an Insured while residing in a nursing home or residential care facility; (c) the Personal Property of an Insured while attending a school, college, or university; and (d) at your option, the Personal Property of others in your care or possession or while temporarily on that portion of the Premises you occupy. 3.6.2 Property not insured. This coverage does not insure the types of property listed below. Insurance for these types of property may be available under other coverages offered by this Policy. (a) Bicycles and Sporting Equipment; (b) Business Property; (c) Collectibles; (d) Detached Structures; (e) Fences and Landscaping; (f) Fine Arts; (g) Jewellery and Watches; (h) Landlord’s Property; and (i) Watercraft. 3.6.3 Loss or damage insured. Subject to the limitations and exclusions of this Policy, this coverage insures: (a) up to the limit specified on your Policy Declaration: (1) all types of direct physical loss or damage to your Personal Property; (2) reasonable expenses incurred: Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 22 of 53 2717030-4 23 of 53 (i) to replace or re-key the locks to your Premises if your keys are lost or stolen; and (ii) for charges resulting from a fire department attending your Premises; (b) up to a limit of $50,000, reasonable and necessary expenses incurred as a result of loss or damage insured under this Policy to: (1) pack, transport, store and dispose of Personal Property in order to facilitate the repair of loss or damage insured under this Policy; and (2) protect Personal Property from further damage following a loss. 3.6.4 Basis of loss payment. (a) If you repair or replace within 180 days of the loss or damage, then payment will be made on a Replacement Cost basis up to the limit specified on your Policy Declaration. The Insurer has the right to determine whether to repair or replace. (b) If you do not repair or replace within 180 days of the loss or damage, then payment will be made on a Limited Depreciation basis up to the limit specified on your Policy Declaration. (c) If an item was not in good and workable condition prior to the loss, then payment for that item will be made on an Actual Cash Value basis up to the limit specified on your Policy Declaration. (d) If an item is part of a pair or set, then payment for that item will be made based on the proportion of the Replacement Cost, Limited Depreciation, or Actual Cash Value, as determined by (a), (b) or (c), of the pair or set. 3.7 Identity Theft and Financial Loss 3.7.1 Loss or damage insured. Subject to the limitations and exclusions of this Policy and up to the limit specified on your Policy Declaration, this coverage insures: (a) financial losses incurred as a result of: (1) the theft of, or illegal access to, your identity or credit; (2) the theft or unauthorized use of credit cards, debit cards, or automated teller cards issued to you or registered in your name provided you have complied with all the conditions under which the card was issued; (3) the fraudulent transfer or removal of funds from bank accounts; (4) forgery or alteration of cheques, drafts, or other negotiable instruments; and (5) your acceptance, in good faith, of counterfeit Canadian paper currency. (b) reasonable expenses incurred to resolve credit issues, including: (1) legal costs incurred in order to clear your name, reconstruct credit data, remove criminal records, rectify consumer credit reports, defend against lawsuits by businesses or collection agencies or rectify civil judgments made against you; and (2) lost wages resulting from time required away from your business or employment to deal with matters pertaining to an identity theft. Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 23 of 53 2717030-4 24 of 53 3.7.2 Loss or damage not insured. This coverage does not insure financial losses or expenses incurred: (a) that you can recover from any other party, including a credit card company, a financial institution, a retailer, a credit grantor, a government body or a utility provider; or (b) as a result of: (1) any Business activity in which you participate; (2) your own use of your identity or credit; (3) the use of your identity or credit authorized by you; (4) your intentional misuse of your identity or credit; or (5) the use of a credit card by any other Insured or any person entrusted with the card. 4 Loss of Use Coverages This section describes the insurance available to you if the Premises cannot be occupied as a result of loss or damage insured under this Policy. The insurance provided under each loss of use coverage, subject to the limits and deductibles specified on your Policy Declaration, is described below. 4.1 Additional Living Expenses 4.1.1 Loss or damage insured. This coverage insures, subject to the limitations and exclusions of this Policy and: (a) up to the limit specified on your Policy Declaration: (1) reasonable and necessary increases in the cost of accommodations, food, and residential utilities; and (2) if required, moving expenses; if your Premises becomes uninhabitable as a result of direct physical loss or damage insured under this Policy. Payment will be made for the reasonable time required to repair or rebuild your dwelling or, if you permanently relocate, the reasonable time required for you to settle elsewhere; (b) up to $10,000, reasonable and necessary increases in the cost of accommodations, food, and residential utilities and, if required, moving expenses and emergency personal toiletries if a Civil Authority prohibits you from inhabiting your Premises as a result of: (1) direct physical loss or damage insured under this Policy to neighbouring premises; or (2) a mass evacuation order given as a result of a sudden and accidental event. 5 Liability Coverages This section describes the insurance for unintentional Bodily Injury or Property Damage sustained by others arising from your personal actions or ownership or use of your Premises. The insurance provided under each liability coverage, subject to the limits and deductibles specified on your Policy Declaration, is described below. Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 24 of 53 2717030-4 25 of 53 5.1 Personal and Premises Liability 5.1.1 Loss or damage insured. Subject to the limitations and exclusions of this Policy, this coverage insures: (a) up to the limits specified on your Policy Declaration, sums that you become legally liable to pay as compensatory damages because of unintentional Bodily Injury or Property Damage arising out of: (1) your personal actions anywhere in the world; or (2) your ownership, use, or occupancy of the Premises; and (b) up to a limit of $250,000, amounts you are assessed under your Condo Corporation’s bylaws for compensatory damages because of unintentional Bodily Injury or Property Damage arising out of its ownership of assets, when the liability insurance policy carried by your Condo Corporation is insufficient; and (c) beyond the limit specified on your Policy Declaration: (1) expenses directly related to defending you against any lawsuit insured under this coverage alleging Bodily Injury or Property Damage and seeking damages, even if the lawsuit is groundless, false, or fraudulent; (2) costs taxed or assessed against you directly related to a lawsuit insured under this coverage; (3) interest accruing after judgment, as determined by the courts, on the portion of the judgment directly related to a lawsuit insured under this coverage; (4) expenses that you have incurred for emergency medical or surgical treatment to others following an Occurrence insured by this coverage; and (5) reasonable expenses, including loss of wages up to $250 a day to a total of $10,000, which you incur at the request of the Insurer directly related to a lawsuit insured under this coverage. 5.1.2 Loss or damage not insured. This coverage does not insure: (a) loss, damage, or liability: (1) arising from or involving Business activity; (2) resulting from your use or operation of any Watercraft you own that is more than twenty (20) feet in length or equipped with motors with a combined total power output that exceeds 100 horsepower; or (b) any fines, penalties, punitive damages, or exemplary damages over and above actual compensatory damages. 6 Legal Protection Coverages 6.1 Enhanced Legal Protection Legal protection insurance is provided by HDI Global Specialty SE and managed by ARAG Legal Solutions Inc. All the definitions, terms, conditions and exclusions applicable to this insurance are described solely and wholly in the attached Addendum A: Legal Protection Policy Wordings. 6.2 Complete Legal Protection Legal protection insurance is provided by HDI Global Specialty SE and managed by ARAG Legal Solutions Inc. All the definitions, terms, conditions and exclusions applicable to this insurance are described solely and wholly in the attached Addendum A: Legal Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 25 of 53 2717030-4 26 of 53 Protection Policy Wordings. 7 Exclusions This section describes loss, damage, or liability that is excluded and, therefore, not insured under this Policy. Where an exclusion applies, this Policy does not insure for such loss, damage, or liability regardless of the cause of the excluded Occurrence, or whether other causes acted concurrently or in any sequence with the excluded Occurrence to produce the loss, damage, or liability. 7.1 Policy Exclusions The following exclusions apply to all Property, Loss of Use and Liability Coverages (as described in Sections 3, 4 and 5) of this Policy. 7.1.1 General exclusions. Your Policy does not insure loss, damage or liability directly or indirectly as a result of: (a) the intentional, fraudulent, or criminal acts of you or any other person at your direction; (b) the failure to act by you or any other person at your direction; (c) the act of willful negligence by you or any other person at your direction; (d) any illegal activity on your part, your tenants’ part, or your domestic employees’ part arising directly or indirectly from the growing, cultivating, harvesting, processing, manufacturing, distributing, or selling of any drug, including cannabis, or any controlled substance, illegal substance, or illegal items of any kind, whether or not you have any knowledge of, or are unable to control, such activity; or (e) war, invasion, act of a foreign enemy, declared or undeclared hostilities, civil war, rebellion, revolution, insurrection or military power. 7.2 Property and Loss of Use Exclusions These additional exclusions apply to all Property and Loss of Use Coverages (as described in Sections 3 and 4) of this Policy. 7.2.1 General exclusions. Your Policy does not insure loss or damage directly or indirectly: (a) resulting from conducting any Business; (b) occurring after your Premises has been Vacant for more than 30 consecutive days; (c) occurring during the period that the Building is under construction, commencing at the time the foundation is laid and lasting until construction is complete or the Building is occupied, whichever comes first; (d) occurring during the period that the Building is unoccupied and undergoing renovation; (e) resulting from lawful seizure or confiscation; (f) caused by Terrorism or by any activity or decision of a government agency or other entity to prevent, respond to or terminate Terrorism, except for loss or damage directly caused by fire or explosion of natural, coal, or manufactured gas; (g) caused by any nuclear incident as defined in the Nuclear Liability Act, or any other nuclear liability act, law or statute, or nuclear explosion, except for ensuing loss or damage which results directly from fire, lightning, or explosion of natural, coal, or manufactured gas; Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 26 of 53 2717030-4 27 of 53 (h) caused by contamination from radioactive material; (i) arising out of the actual or threatened discharge, dispersal, release or escape of, or contamination by, Pollutants; (j) caused by wear and tear, including the normal deterioration of property that occurs over the period of its useful life, or accelerated deterioration resulting from inadequate care over time; (k) caused by mechanical breakdown; (l) caused by rust or corrosion, wet or dry rot, fungi, spores, bacteria, mould, condensation, acid rain, or smog; (m) caused by snowslide, landslide, or other earth movement except for loss or damage caused directly by Earthquake; (n) caused by settling, sinking, expansion, contraction, moving, bulging, buckling, or cracking of any Building or Detached Structures; (o) caused by faulty design, material, workmanship, or an inherent defect; or (p) caused by birds, bats, vermin, raccoons, skunks, rodents, or insects. 7.2.2 Property exclusions. Your Policy does not insure loss or damage directly or indirectly to: (a) Bicycles and Sporting Equipment, Business Property, Collectibles, Fine Arts, Jewellery and Watches, Landlord’s Property, Personal Property, Power-Assisted Bicycles, or Watercraft: (1) of tenants, roomers, boarders, or any other occupants who are not related to you; (2) illegally acquired, kept, stored, transported, or the proceeds of crime; or (3) undergoing a process or while being worked on, where the loss or damage results from the process or work; (b) cash, bullion, securities, negotiable instruments, or stored-value cards; (c) loose or raw precious stones; (d) books of account and evidences of debt or title; (e) collections or representations of information stored in electronic format; (f) animals, birds or fish except for damage caused directly by fire or explosion insured under this Policy; (g) Motor Vehicles, or parts or equipment while attached to a Motor Vehicle; or (h) Aircraft, or their parts or equipment. 7.2.3 Water damage exclusions. Your Policy does not insure loss or damage directly or indirectly: (a) caused by water that occurs when your Premises is Vacant, even if you have advised the Insurer that it is Vacant; (b) caused by freezing of a plumbing, heating, or cooling system or an appliance that uses or holds water unless: (1) the loss or damage occurs within a heated portion of the Building or a Detached Structure insured under this Policy; and (2) while you or your tenants are away from the Premises for more than seven (7) consecutive days for any reason other than receiving emergency medical treatment, you or your tenant: Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 27 of 53 2717030-4 28 of 53 (i) shut off the water supply and drain both the plumbing system and any appliances that use or hold water; or (ii) make arrangements to ensure the heat is maintained at an acceptable level; (c) caused, in whole or part by, Coastal Flood, regardless of any other cause or event that contributes to the loss or damage; (d) caused by ground water or rising of the water table; (e) caused by gradual, continuous, or repeated seepage, condensation, or leakage of water or steam over a period of time; (f) caused by freezing, thawing, pressure or weight of water or ice, whether driven by wind or not, to outdoor pipes or drains, fences, pavement, patios, swimming pools and equipment, foundations, retaining walls, bulkheads, piers, wharfs, docks, bridges, or Watercraft; or (g) caused by waterborne objects, whether driven by wind or not, unless the loss or damage occurs to Watercraft. 7.3 Liability Exclusions These additional exclusions apply to all Liability Coverages (as described in Section 5) of this Policy. 7.3.1 General exclusions. Your Policy does not insure loss, damage, or liability directly or indirectly resulting from: (a) the activity of any Business; (b) the personal actions of any Named Insured who does not reside at the Premises; (c) your use or operation of any Motor Vehicle that is: (1) subject to motor vehicle registration; (2) meant for use on public roads; or (3) owned by you; (d) your use or operation of any Watercraft that is more than twenty (20) feet in length or equipped with motors with a combined total power output that exceeds one hundred (100) horsepower; (e) your use or operation of any Motor Vehicle or Watercraft, whether owned by you or not, when: (1) used for carrying passengers for compensation; (2) used for Business; (3) used in any race or speed test; (4) rented to others; or (5) being used without the owner’s consent if you are not the owner; (f) amounts assessed against you by your Condo Corporation, resulting from physical loss or damage to its assets; (g) Bodily Injury to you or to any person residing in your household, other than a domestic employee; (h) Terrorism or any activity or decision of a government agency or other entity to prevent, respond to, or terminate Terrorism; Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 28 of 53 2717030-4 29 of 53 (i) a nuclear incident insured under a nuclear energy liability policy issued by the Nuclear Insurance Association of Canada, or any other group or pool of insurers; (j) your assumption by contract unless your legal liability would have applied if no contract had been in force; (k) the ownership, use, or operation of any Aircraft or premises used as an airport or landing facility, and all activities related to either; (l) the transmission, threat of transmission, or fear, of any communicable disease; (m) sexual, physical, psychological, or emotional abuse, molestation or harassment, including corporal punishment, by you, at your direction, or with your knowledge; (n) your failure to take steps to prevent sexual, physical, psychological, or emotional abuse, molestation or harassment or corporal punishment; (o) the intentional, fraudulent or criminal acts of your tenants, or any other person at your tenants’ direction; (p) the failure to act of your tenants, or any other person at your tenants’ direction; (q) the act of willful negligence by your tenants, or any other person at your tenants’ direction; (r) the transmission of Electronic Data; (s) libel, slander, defamation, invasion of privacy, mental anguish or injury, false arrest or imprisonment, wrongful detention, wrongful entry or eviction, malicious prosecution, or humiliation; (t) the discharge, dispersal, release, or escape of Pollutants; (u) any governmental direction or request that the Insured test for, monitor, clean up, remove, contain, treat, detoxify or neutralize Pollutants; or (v) fungi, spores, bacteria, or mould. 7.3.2 Property damage exclusions. Your Policy does not insure loss, damage, or liability directly or indirectly resulting from Property Damage to: (a) property you own; (b) property you use, occupy, lease or rent, except for unintentional damage resulting from fire, explosion, smoke, or water damage insured under this Policy; (c) the assets of your Condo Corporation; or (d) Motor Vehicles or Watercraft, resulting from your operation of that Motor Vehicle or Watercraft. 8 Policy Deductibles This section describes how deductibles apply to loss or damage insured under this Policy. A deductible is the amount of money you have to pay toward a claim before your policy responds to pay you. Each Occurrence is subject to one of the deductibles described below. Payment for loss or damage insured under your Policy is subject to the applicable limits specified on your Policy Declaration, and such payment will be reduced by the applicable deductible amount specified on your Policy Declaration. If a loss involves this Policy and an Eligible Car Insurance Policy, then the applicable deductible specified on the Policy will be reduced by the applicable deductible on the Eligible Car Insurance Policy. The deductible under this Policy cannot be reduced below $0. Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 29 of 53 2717030-4 30 of 53 8.1 Standard Deductible For loss or damage insured under this Policy due to loss types not described elsewhere in this Section, the Standard Deductible as specified on your Policy Declaration applies per Occurrence. 8.2 Earthquake Deductible For loss or damage directly or indirectly resulting from Earthquake insured under this Policy, the Earthquake Deductible as specified on your Policy Declaration applies per Occurrence. 8.3 Liability Deductible For unintentional Bodily Injury or Property Damage sustained by others arising from your personal actions or ownership or use of your Premises, the Liability deductible as specified on your Policy Declaration applies per Occurrence. 9 Additional Conditions This section describes the General Conditions, Statutory Conditions (required under the Insurance Act of the province of your insured location), and the Standard Mortgage Clause (if applicable) that apply to this Policy. 9.1 Policy Conditions The following conditions apply to all sections of this Policy. 9.1.1 When coverage applies. This Policy applies to Occurrences that take place while this Policy is in force. 9.1.2 Duties after loss. In addition to submitting a proof of loss, each Insured may be required to: (a) take all reasonable actions to prevent further loss, damage, or liability; (b) submit to an examination under oath; or (c) provide all documents in your possession or control that relate to the application for insurance and proof of loss, and allow copies of these documents to be made. 9.1.3 Loss settlement. Each Insured is a separate Insured, but this does not increase the limits of insurance under this Policy for any one Occurrence, even if multiple Insureds are affected. 9.1.4 Subrogation. (a) Upon making payment or assuming liability under this Policy, the Insurer will be entitled to assume all your rights of recovery against others and may bring action in your name to enforce these rights. (b) The amount recovered, minus the costs of recovery, will be shared in proportion to the loss that you and the Insurer have borne. 9.1.5 Policy administration. (a) Policy changes. Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 30 of 53 2717030-4 31 of 53 (1) The Insurer reserves the right to make changes to the terms of your insurance coverage at any time during the policy term. Changes may involve, but are not limited to, the coverages, limits, deductibles, rates, terms, exclusions, or conditions under this Policy. The Insurer will advise you of the proposed changes at least thirty (30) days in advance of the proposed effective date of the changes. The notice advising you of the proposed changes will set out all proposed changes, the proposed effective date of the changes, and how you can contact the Insurer to reject the proposed changes. Unless you inform the Insurer that you reject the proposed changes prior to the proposed effective date of the changes, you will be deemed to have accepted the changes and they will take effect on that date. The Insurer also reserves the right to make changes to the terms of your insurance coverage effective the next policy review date. The Insurer will advise you of the changes at least thirty (30) days in advance of the next policy review date. As long as you continue to pay the premiums when due, it is deemed that you have accepted these changes. Your monthly billing will automatically reflect premium adjustments once the changes take effect, and the Insurer will issue a new policy, which replaces this Policy. (2) You may request changes to this Policy at any time. Changes are subject to the Insurer’s prior approval. (b) Policy term. This Policy is continuous until cancelled or replaced under Section 9.1.5(a) or Section 9.1.5(c). (c) Policy cancellation. (1) You may request cancellation of this Policy at any time. The first Named Insured on the Policy Declaration must authorize cancellation. The Insurer may require this authorization in writing. The Insurer will provide a refund for the excess premium actually paid over the pro-rata premium for the expired time. No refund will be issued for an amount less than $5.00. Refunds may be issued by cheque, e-transfer, mail, or to the original payment method, at the sole discretion of the Insurer. (2) The Insurer reserves the right to cancel this Policy at any time. (3) If the Insurer cancels this Policy, Statutory Condition 9.3.5 applies. 9.1.6 Other insurance. If you have other insurance that applies to an insured loss or would have applied if this Policy did not exist, then this Policy will be considered excess insurance. The Insurer will make no payment for any insured loss under this Policy until the other insurance is used up. When both this Policy and any other insurance provide coverage on the same basis, this Policy will only pay its share of an insured loss. Its share is the portion that this Policy’s limit of insurance bears to the total limits, or amounts, of all insurance. 9.1.7 Notice to authorities. You must notify the police or appropriate authorities immediately when the loss is due to, or is suspected to be due to, malicious acts, burglary, robbery, or theft. 9.2 Liability Conditions The following conditions apply to all Liability Coverages (as described in Section 5) of this Policy. 9.2.1 Duties after a loss. When an Occurrence takes place, you must promptly provide notice (in writing if requested), detailing: Square One Insurance Services Policy number 2717030-4 squareone.ca | 1.855.331.6933 Page 31 of 53 2717030-4 32 of 53 (a) your name and Policy number; (b) the time, place, an