A package for Pawn Shops and Second Hand Goods stores involving
retail sale of new and second hand articles. Coverage includes
Customer's goods.
Mandatory coverages include Property (building and contents)
and Liability. Optional coverages such as Loss of Income,
Crime & Equipment Breakdown are available as required.
Limited on jewellery, furs, watches, precious and semi-precious
stones (as defined) limited to $10,000 any one loss and
$1,000 any one item, available with proper burglar alarm.
Second Hand Articles endorsement applies.
Coverages
Property
Broad Form, Replacement Cost (excluding stock), $1,000 Deductible
- 90% Co-Insurance
- Sewer Back-Up
- Second Hand Articles
- Broad Form extension end;
- Temporary locations - $25,000
- Newly acquired locations - $100,000
- Parcel Post - $2,500
- Other Transit - $2,500
- Sales Representatives - $2,500
- Named Perils, Actual Cash Value,
$1,000 Deductible
- 90% Co-Insurance
- Second Hand Articles clause
Business Interruption - Actual Loss Sustained
- $50,000 basic (higher limits available)
Crime - Broad Form Money & Securities
- $2,500 basic (higher limits available)
- Overnight cover restriction
Commercial General Liability - $2,000,000
- Non Owned Auto
- Tenants Legal Liability - $250,000
- Medical Payments - $10,000
Underwriting Considerations
- Minimum Premium $1,500
- Burglar Alarm System - ULC/CSA approved
- best system available in area - all doors and windows
contacted and/or motion detectors
- All perimeter doors must have dead
bolt locks
