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4. include contractual liability insurance covering CONTRACTOR's indemnity obligations under paragraphs 6.07, 6.11, and 6.20; 5. contain a provision or endorsement that the coverage afforded will not be canceled, materially changed or renewal refused until at least thirty days prior written notice has been given to OWNER and CONTRACTOR and to each other additional insured identified in the Supplementary Conditions to whom a certificate of insurance has been issued (and the certificates of insurance furnished by the CON- TRACTOR pursuant to paragraph 5.03 will so provide); 6. remain in effect at least until final payment and at all times thereafter when CON- TRACTOR may be correcting, removing, or replacing defective Work in accordance with paragraph 13.07; and 7. with respect to completed operations insurance, and any insurance coverage written on a claims -made basis, remain in effect for at least two years after final payment (and CONTRACTOR shall furnish OWNER and each other additional insured identified in the Supplementary Conditions, to whom a certificate of insurance has been issued, evidence satisfactory to OWNER and any such additional insured of continuation of such insurance at final payment and one year thereafter). 5.05 OWNER's Liability Insurance A. In addition to the insurance required t. be provided by CONTRACTOR under par- • .p 5.04, OWNER, at OWNER's option - -y purchase and maintain at OWNER's - - : - se OWNER's own liability insurance as protect OWNER against claims which ' anse from operations under the Contract uments. 5.06 Property Insurance A. Unle"otherwise provided in the S lc mentary Conditions, OWNER shall • -se and maintain property insurance upo. - - ork at the Site in the amount of the eplacement cost thereof (subject to su • •eductible amounts as may be provid-• e Supplementary Conditions or required aws and Regulations). This insurance shall: 1. include the interests of OWNER, CONTRACTOR, Subcontractors, ENGINEER, ENGINEER's Consultants, and any other individuals or entities identified in thc Supplementary Conditions, and the officers, directors, partners, employees, agents, and other consultants and subcontractors of ea€h and any of them, each of whom is deemed to have an insurable interest and shall be listed as an additional insured; 2. be written on a Builder's Risk "all risk" form that shall at least include insurance for physical lo -s or damage to thc Work, tempo fary buildings, false work, and materials and Least the following perils or causes of loss: fire, lightning, extended coverage, theft, vandalism and malicious mischief, earthquake, collapse, 2-2 forcement of Laws and Regulations, water loss as may bo specifically required by thc 3. include expenses incurred in thc repair or replacement of any insured property (including but not limited to fees and charges of engineers and architects); stored at the Site or at anothe agreed to in writi incor on that was NER prior to being in the Work, provided that such 5. allow for partial utilization . e Work by OWNER; 6. include testing - • d startup; and 7. be main - ned in effect until final pay- ment is mad- nless otherwise agreed to in writing b OWNER, CONTRACTOR, and ENGIN R with 30 days written notice to each otho additional insured to whom a certificate of the interests of OWNER, CONTRACTOR, Subcontractors, ENGINEER, ENGINEER's Consul -als or entities identified in 00700 - General Conditions REV 04-07 00700 - 16 F:\Engineering\Capital Projects\0381 Oslo Road Boat Ramp\0381 Contract Documents and Specifications\00700 - General Conditions REV 04-07.doc