The buildings and contents declared to underwriters, which belong to the insured or for which the insured is legally responsible, are insured while at the named location(s) specified in the schedule against direct physical loss or physical damage, occurring during the period of insurance and caused by an act of terrorism, subject to the following terms, exclusions and conditions.
This insurance does not cover:
Loss, damage, cost or expense of whatsoever nature directly or indirectly occasioned by, happening through or in consequence of any of the following:
Loss of market, loss of income, or loss of use except to the extent such coverage is provided hereunder by Loss of Income Extension specifically included for coverage under this policy.
Depreciation, reduction in functionality, increased cost of working, theft, looting, mysterious disappearance or unexplained loss or any other consequential loss.
Any building or property contained therein, if such building has been unoccupied for more than thirty consecutive days.
Aircraft, watercraft, locomotives or rolling stock or vehicles designed for road use.
Transmission and distribution lines and their supporting structures outside of the named location.
Any animal, plant or tree.
Loss, damage, destruction, distortion, erasure, corruption or alteration of electronic data.
Any claim where, but for the existence of this insurance, the insured would be entitled to be paid under any other policy, except for any excess beyond the amount which would have been covered under such other policy.
If the insured cancels, that amount of the premium which has been earned by the insurer shall be computed in accordance with the customary short rate table and procedure, subject to a twenty five percent (25%) minimum earned amount; if the insurer cancels, the computation shall be on a pro-rata basis. Premium adjustment may be made as soon as practicable after cancellation becomes effective.