Definitions

"Actual Cash Value" means the "replacement cost", at the time of loss, of the damage or destroyed property, less depreciation.

"Automatic Sprinkler System" means:

Any automatic fire protective or extinguishing system, including connected:

• Sprinklers and discharge nozzles;
• Ducts, pipes, valves and fittings;
• Tanks, their component parts and supports; and
• Pumps and private protection mains.

When supplied from an automatic fire protective system:

• Non-automatic fire protective systems; and
• Hydrants, standpipes and outlets

"Burglary" means forcible entry into a building or structure. There must be evidence of forcible entry. The Covered Property must be protected by a security device(s). Any and all security device(s) must be engaged at the time of the "burglary". There must be evidence that the security device(s) were engaged and circumvented or defeated at the time of the "burglary". If there is no evidence of forcible entry, a loss to Covered Property can also be considered "burglary" if the Covered Property was secured by means such as a chain, lock, cable, bolted, and there is evidence of forced removal.

"Extra Expense" means the excess of the total cost incurred during the period of restoration of the damaged Covered Property over and above the total cost that would normally have been incurred to conduct operations during the same period had no loss occurred. These are expenses incurred around the time of the loss with the goal to reduce or mitigate the extent of the loss.

"Pollutants" means any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapors, soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, reconditioned or reclaimed.

"Property Register" is the register on which UGA reports values and locations of Covered Property to DOAS.

"Replacement cost" means the amount it would take to replace the damaged or destroyed property with property of like kind and quality, determined at the time of loss.

"State owned" building, structure or contents means property to which the State of Georgia has legal title and over which it exercise possession or control.

"Stock" means merchandise held in storage or for sale, raw materials and in-process or finished goods, including supplies used in their packing or shipping.