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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 to be provided by CONTRACTOR under paragraph 5.04, OWNER, at OWNER's option, may purchase and Documents. 5.06 Property Insurance A. Unless otherwise provided in the Supple rnentary Conditions, OWNER shall purchase and maintain property insurance upon thc Work at the Site provided in the Supplementary Conditions or required by Laws 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 each and any of them, each of whom is deemed to have an insurable interest and shall be listed as 2. be written on a Builder's Risk "all risk" or open peril or special causes of loss policy form that shall at least include insurance for physical losc or damage to the Work, tempo rary buildings, false work, and materials and equipment in transit, and shall insure against at least the following perils or causes of loss: fire, forcement of Laws and Regulations, water damage, and such other perils or causes of 3. include expenses incurrcd in the repair or replacement of any insured property {including but not limited to fees and charges of engineers and architects); cover materials and equipment agreed to in writing by OWNER prior to being incorporated in the Work, provided that such materials and equipment have been included in an Application for Payment recommended by ENGINEER; by O1v7�'T� R 6. include testing and startup; and be maintained in effect until final pay writing by OWNER, CONTRACTOR, and ENGINEER with 30 days written notice to each other additional -insured to whom a certificate of insurance has been issued. B. OWNER shall purchase and maintain such insurance as may be required by the Supplementary the interests of OWNER, CONTRACTOR, tants, and any other individuals or entities identified in the Supplementary Conditions, each of whom is 00700 - General Conditions REV 5-10-13 00700 - 16 F:\Public Works\ENGINEERING DIVISION PROJECTS \1413 -Martin Luther King Walking TrailWdmin\bid documents\Master Contract Documents\00700 - General Conditions REV 5-10- 13.doc