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amount equal to one hundred percent (100 %) of the replacement cost of all the <br />Company -owned furniture, fixtures, stock and equipment, including fixtures, <br />improvements and betterments installed by the Company, on the Property. <br />III. Deductibles and Self- Insured Retentions. <br />Any deductibles or self- insured retentions must be declared to, and approved by, the <br />City. At the option of the City, either: the insurer shall reduce or eliminate such <br />deductibles or self- insured retentions as respects the City, its officials, employees, <br />agents and contractors; or the Company shall procure a bond guaranteeing payment of <br />losses and related investigations, claim administration and defense expenses in an <br />amount specified by the City. <br />IV. Other Insurance Provisions. <br />A. The policies are to contain, or be endorsed to contain, the following <br />provisions: <br />General Liability and Automobile Liability Coverages <br />a. The City, its officials, employees, agents and contractors are <br />to be covered as additional insureds as respects: liability arising out of activities <br />performed by, or on behalf of, the Company; products and completed operations of the <br />Company; premises owned, leased or used by the Company; or automobiles owned, <br />leased, hired or borrowed by the Company. The coverage shall contain no special <br />limitations on the scope of protection afforded to the City, its officials, employees, <br />agents and contractors. <br />b. The Company's insurance coverage shall be primary <br />insurance as respects the City, its officials, employees, agents and contractors. Any <br />insurance or self- insurance maintained by the City, its officials, employees, agents or <br />contractors shall be excess of the Company's insurance and shall not contribute with it. <br />C. Any failure to comply with reporting provisions of the policies <br />shall not affect coverage provided to the City, its officials, employees, agents, or <br />contractors. <br />d. Coverage shall state that the Company's insurance shall <br />apply separately to each insured against whom claim is made or suit is brought, except <br />with respect to the limits of the insurer's liability. <br />e. Coverage shall contain a waiver of subrogation in favor of <br />the City, its officials, employees, agents and contractors. <br />Exhibit H <br />